Industry Overview ofGCC Data Center Market
Data center represents a centralized facility that is used by organizations to retrieve, store, and process physical and virtual data. It can be categorized into several types, such as enterprise, edge, colocation, hyperscale, etc. These data center variants mostly consist of power distribution units, servers, switches, chips, firewalls, external networking and communication systems, cabling systems, external and backup power systems, environmental controls, and security systems. They serve as a central location for many business-critical systems and processing and user distribution of a majority of corporate data. Data center systems are beneficial for powering machine learning (ML), big data, and artificial intelligence (AI) technologies as they can manage massive amounts of data and traffic with minimal latency. Consequently, they find extensive applications across various sectors in GCC, including retail, manufacturing, transportation, government, information technology (IT), telecommunication, banking, healthcare, etc.
How Big Is the GCC Data Center Market?
The global gcc data center market size reached US$ 1.24 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 3.13 Billion by 2028 exhibiting a CAGR of 16.7% during 2023-2028.
GlobalGCC Data Center Market Trends and Drivers:
The growing penetration of hybrid- and multi-cloud architecture and the rising need for automated solutions and reduced latency in data transfers, on account of the expanding usage of smart devices, are primarily driving the GCC data center market. Additionally, the inflating volumes of data from over-the-top (OTT) services and social media platforms and the escalating integration of smart technology, which includes control systems and sensors, by major oil companies are acting as significant growth-inducing factors. Apart from this, the elevating emphasis on the construction of green data centers that use low-emission building materials to create sustainable ecosystems and facilitate efficient waste recycling is also positively influencing the market across the country. Moreover, the increasing establishment of comprehensive cloud computing frameworks that effectively regulate issues pertaining to data utilization, data sharing, and data gathering is expected to bolster the GCC data center market in the coming years.
Key Market Segmentation:
The report provides detailed segmentation of the global gcc data center market based on based on type, component, application, size, and distribution channel.
Application Insights
The report has also provided a detailed breakup and analysis of the GCC data center market based on the application. This includes banking financial services insurance (BFSI), government, IT and telecom, media, retail, manufacturing, and others. According to the report, IT and telecom represented the largest segment.
Type Insights
A detailed breakup and analysis of the GCC data center market based on the type has also been provided in the report. This includes enterprise data centers, colocation data centers, edge data centers, and hyperscale data centers. According to the report, colocation data centers accounted for the highest market share.
Component Insights
The report has also provided an exhaustive breakup and analysis of the market based on the component. This includes hardware, software and service. According to the report, hardware accounted for the highest market share.
Size Insights
The report has also provided an exhaustive breakup and analysis of the market based on the size. This includes small data center, mid-size data center, and large data center. According to the report, large data center accounted for the highest market share.
The report provides a comprehensive analysis of the industry key players listed below:
The Major Players in the market are Amazon Web Services, Inc., Equinix, Inc., Etisalat, Khazna, Microsoft.
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