According to a new report, published by KBV research, The Global Data Center As A Service Market size is expected to reach $269.7 billion by 2028, rising at a market growth of 27.2% CAGR during the forecast period.
The SMEs segment is showcasing a CAGR of 29% during (2022 - 2028). By selecting a third-party data center over on-site IT infrastructure, a number of SMEs are significantly reducing their capital expenditures as they outsource services on a larger scale. As a result, DCaaS offers them an excellent option for moving their workloads to the cloud and lowering overhead expenses. Government initiatives are encouraging SMEs in developing nations to adopt data centers, which is good news for the market.
The Servers segment is leading the Global Data Center as a Service Market by Infrastructure in 2021 thereby, achieving a market value of $136.3 billion by 2028. A sophisticated IT infrastructure is required due to the increasing use of various digital technologies like the internet of things, artificial intelligence, and machine learning. Likewise, there is a growing need for high-performance computing servers to support a variety of applications and solutions, such as hyper-converged infrastructure, software-defined solutions, big data analytics, and others.
The BFSI segment has shown the growth rate of 27.5% during (2022 - 2028). The BFSI sector's increasing digitization has opened the door for cloud and data centers as a service, which is also regarded as its skeleton. The need for effective services is growing along with the digital transformation of the banking and financial industries, which is embracing the need for data centers. The effective data center as a service enables the bank to run successfully, sustain growth, and provide cutting-edge services.
The North America market dominated the Global Data Center as a Service Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $94.1 billion by 2028.The Europe market is experiencing a CAGR of 26.9% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 28% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/data-center-as-a-service-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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