Data Center Market Segmentation:
Component Segment Analysis
Hardware segment is poised to account for data center market share of more than 58.8% by the end of 2035. Growth in this segment is largely based on better performance, efficiency-boosting server technologies, and storage solutions in a variety of applications. Additionally, the deployment of high-performance computing systems in support of AI applications will increase, thus fueling demand for the segment. For example, in May 2023, Dell Technologies introduced its new series of servers for deep learning workloads in AI applications to further solidify its position as a leader in hardware innovation.
End user Segment Analysis
In data center market, banking, financial services, and insurance (BFSI) segment is expected to dominate revenue share of over 33.3% by 2035. In this industry, secure infrastructure with scalability is required to process vast data regarding finances. By promoting online banking, mobile payments, and other related digitalization of financial services, BFSI requires data centers to be able to handle such continuous operations. For example, in April 2024, Microsoft declared an investment of USD 2.9 billion to expand the facility of its data center in Japan to meet the growing requirements from the BFSI sectors for secure cloud solutions.
Our in-depth analysis of the global market includes the following segments:
|
Component |
|
|
Type |
|
|
Infrastructure |
|
|
Design |
|
|
End user |
|
