Top Trends in Mega Data Center Market to 2027 illuminated by new report

SAN JOSE, Calif. - Jan. 16, 2020 - PRLog -- The global mega data center market is set to grow with a CAGR of 5.1% over the forecast period from 2019 to 2027, starting from US$ 18.95 billion in 2018.

The global mega data center market is strongly driven by an increasing inclination to digitize and an increasing amount of data due to growing digital demand. As the industrial sector is experiencing a technological boost across the globe, the adoption of various advanced tools and techniques is rising exponentially. Developing companies generate a large amount of data traffic that needs effective storage and management facilities. Growing enterprises and industrial sectors have generated an increasing need for the expansion of data storage capacities. Mega data centers are highly used to meet this need as they provide high storage capacity, significant bandwidth, and facilitate large-scale data transfer. The adoption of mega data centers is also driven by the need for and cost-benefit consolidation of data centers.

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In addition, the growing use of cloud services for data storage is also expected to drive the market for mega data centers during the forecast period. Companies such as Amazon, Microsoft, Google, and many more have extensive data storage requirements that focus on mega data centers to meet their storage needs. Although these facilities are efficient and user-friendly, they require a huge amount of investment and approval from government authorities. As a result, high investment and installation costs and regulatory barriers are likely to negatively impact market growth. In addition, the lack of technical support in developing and underdeveloped countries also hinders the rate of adoption of mega data centers in these regions.

Key questions answered in this report

• What was the market size of mega data center in 2018 and forecast up to 2027?
• Which is the largest regional market for BFSI segment?
• What are the major trends followed in mega data center market across different regions?
• Who are the key mega data center companies leading the market?
• What are the key strategies adopted by the leading Mega Data Center companies in market?

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Media citations:

https://medium.com/@CredenceResearc/mega-data-center-market-size-detailed-in-new-research-report-8f8919d54205

Mega Data Center Market examined in new market research report (http://prsync.com/credence-research---market-research-consulting-fir/mega-data-center-market-examined-in-new-market-research-report-3196655/)

Top Trends in Mega Data Center Market to 2027 illuminated by new report (https://hype.news/credence-research-us/top-trends-in-mega-data-center-market-to-2027-illuminated-by-new-report-givdzzay)