The North America Data Center As A Service Market would witness market growth of 26.3% CAGR during the forecast period (2022-2028).
Data centers are advantageous to businesses in a number of ways. Most specifically, they enable a business to put its customers' needs ahead of technological upkeep. Companies need to think about expanding IT applications as part of their growth and stability to prepare for the future. Critical business applications will run more securely and efficiently if they are housed in a purpose-built building with redundant power and cooling systems.
According to some experts, the U.S. economy suffers losses of billions annually as a result of power outages and other disruptions. They use a system that, unlike generators and surge suppressors, can withstand unfavorable power conditions. The start-up and maintenance of generators and surge suppressors consume a significant amount of energy. Additionally, they are not impervious to power surges and other electrical annoyances. These elements contribute to the exorbitant rise in power prices.
The telecom industry in the United States is expanding primarily as a result of the country's growing urban population and the widespread use of mobile phones that support 3G, 4G, and 5G services. With increased Internet of Things (IoT) adoption in the sector that connects with wired and wireless broadband, the telecom sector is also anticipated to experience strong growth over the forecast period. Although users are increasingly using work-from-home strategies and spending more time at home streaming video, playing games, and engaging in other forms of entertainment during this pandemic era, telecom service revenues have increased.
The US market dominated the North America Data Center as a Service Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $67,919.2 million by 2028.The Canada market is poised to grow at a CAGR of 29.2% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 28.1% during (2022 - 2028).
Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Infrastructure, the market is segmented into Servers, Storage and Networking. Based on Vertical, the market is segmented into IT & Telecom, BFSI, Retail, Healthcare, Manufacturing and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Data Center as a Service Market is Estimated to reach $269.7 Billion by 2028, at a CAGR of 27.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon.com, Inc., IBM Corporation, Microsoft Corporation, Google LLC, Dell Technologies, Inc., Alibaba Group Holding Limited, Huawei Technologies Co. Ltd., Hewlett-Packard Enterprise Company, Cisco Systems, Inc., and Lenovo Group Limited.
By Organization Size
By Infrastructure
By Vertical
By Country
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