[FURL=https://www.industryarc.com/Report/17944/data-centre-as-a-service-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Data Centre as a Service Market[/FURL] Data Center as a Service Market size is forecast to reach $298.5 billion by 2026, estimated to grow at a CAGR of 12.7% during 2021-2026. The increasing use of data storage portable devices in order to retrieve data irrespective of time and location is driving the growth of the data as a service market. Furthermore, the rising demand for colocation facilities and enterprise data storage is highly escalating the growth of the market. Also, the emerging cloud technology and adoption of service models such as IaaS, SaaS and PaaS are tremendously boosting the data center as a service market size during the forecast period 2021-2026. The Data Center as a service Market is driven primarily by the factors such as increasing structured as well as unstructured data in the market due to fast-growing businesses and industries across the globe.Key Takeaways
In 2020, the Data Center as a Service market was dominated by North American region owing to the presence of financial and technical hubs in the US that are surging the growth of the market.
With the rising use of technology has led to the adoption of hyperscale facilities which has led to the acceleration of cloud computing solutions has uplifted the data as a service market.
The growing demand for cloud computing has led to the migration of data on the cloud which is significantly fueling the growth of data as a service market.
The rising energy consumption and lack of awareness in the data centers for the adoption of are hampering the growth of the market.
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Data Center as a Service Market Segment Analysis – By Geography
In 2020, North America dominated the Data Center as a Service market with a share of more than 39.5%, followed by Europe and APAC. The rise of connectivity and the cloud in the U.S.and the presence of financial hubs and tech hubs in areas such as of New York and Chicago, Seattle, Portland and among others are penetrating the growth of the market in this region. In addition, the growing demand for data center services and the presence of robust data center facilities are enhancing the growth of the data center as a service market.
Data Center as a Service Market Drivers
Growing demand for Cloud Computing
The rise of Hyper-scale Data Centers
Data Center as a Service Market Landscape
In 2020, the market of Data Center as a Service has been consolidated by the major players – Cloud Central Pty Ltd, Datacom Systems (ACT) Pty Ltd, Enterprise Data Corporation Pty Ltd, Hewlett-Packard Australia Pty., Dell Australia Pty Ltd, Emantra Pty Ltd, C3 Business Solutions Pty Ltd, IBM Corporation, Vertiv Co., Equinix and among others.
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