Global data center market reaches $ 311.63 billion | Automation, Blockchain and AI to change the face of the data center market

The global data center market is valued at USD 220 billion in 2021 and is estimated to achieve a market size of USD 311.63 billion by 2028 at a CAGR of 5.10% during the forecast period (2022–2028).

/ EIN News / – Westford, USA, July 18, 2022 (GLOBE NEWSWIRE) – As the amount of technology available in today’s world skyrockets, professional data centers have been one of the industries that has been significantly affected. The data center’s competence gap, or lack of skilled dedicated professionals, continues to be an intricate concern across global data center market. According to current estimates and future forecasts, the data center market is booming, affecting not only the data processing sector but also other sectors. From the introduction of a hybrid approach that utilizes co-location and new technology, to the need for an internal data center staff and how widespread this competence gap continues to arise, will probably remain a hot topic in the years to come.

Top 4 trends that are transforming the data center market

Expanding hyper-scale data centers: Data centers continue to grow in size, and larger facilities are becoming more common. This is mainly due to the demand for increased capacity and improved performance. As a result, more and more companies are developing hyperscale data centers, consisting of hundreds of millions or even billions of dollars worth of infrastructure.

Adoption of blockchain technology: Blockchain technology is becoming increasingly popular in the data center world. This is due to the potential for creating safer and more efficient systems. In addition, blockchain can play a role in replacing many traditional systems used in data center management.

Embracing Artificial Intelligence (AI): AI is already being used in a variety of ways in operations across the global data center market. For example, AI can help identify patterns and trends in data so that they can be processed more efficiently. In addition, AI can be used to improve machine learning algorithms and provide better insight into customer behavior.

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It should be noted that the deep learning algorithms used to drive AI have provided great advantages in computer vision. Not only is the ability of the algorithm to reliably recognize objects far better than a human, it is also efficient enough to provide the lower end of the market price.

Automation: Many data center operations that do not use automated routines require manual intervention during rush hour. This can lead to incorrectly exposed activities and extra effort to track with these manual activities. Automation has made it possible for companies to scale resources more efficiently as well as ensure seamless operation in both performance and quality. The “predictive” nature of automated systems will enable data centers to respond more quickly when needed from startup.

Rapid expansion of Big Data, need for advanced infrastructure and strong impact of 5G to strengthen the data center market

The growth of cloud services and the massive increase in big data have made the data center a significant part of modern business. However, due to the growing demand for these services, companies require more advanced infrastructure to keep up. One area where this is particularly evident is with regard to 5G wireless technology.

Wireless 5G technology is currently in its early stages, but it has the potential to have a significant impact on the way businesses operate. In particular, 5G wireless technology has the ability to transfer large amounts of data quickly and efficiently. This will allow companies to perform various types of transactions across a variety of platforms without having to rely on traditional network infrastructure.

As seen by the rapid expansion of cloud providers and big data, the future looks bright for the data center market. This is primarily due to the fact that 5G wireless technology has the potential to revolutionize the way businesses operate.

High staff turnover due to lack of skilled professionals

As the industry moves towards automation, it becomes difficult to find employees with the necessary skills. According to a recent study, 88% of those surveyed believe that high staff turnover is due to a lack of skilled professionals.

Automation is expected to play an increasing role in data center operations, and as such it will be more difficult to find employees with the necessary skills. This trend is likely to continue, especially as technology evolves and job functions become more specialized.

The high staff turnover in the data center market is mainly due to the lack of skilled professionals. According to the report “The State of Staffing in the Data Center Market” by the staffing provider Kelly Services, the turnover rate for professionals in technical services is 47%. Although this figure may seem low, considering that the average employment period for a professional technical service person is only 2.9 years, it is clear that there is a lack of stability in this field. To combat this problem and strengthen the skills of these professionals, it has become crucial for companies to focus on training and development policies.

While it may be costly to implement such guidelines, it will be worth it in the long run. The fact is that without skilled professionals, companies can not maintain the competitive edge in the data center market. It is important for organizations to find a solution to this problem before it becomes too costly to fix.

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Lack of innovation in co-location facilities that could negatively affect the growth of the data center market

The data center market has experienced a decline in innovation in recent years. Many facilities use the same equipment, design and configurations for their co-location rooms. This stagnation can affect the industry as a whole. To keep pace with the ever-changing technological landscape, data centers must promote innovative practices and new designs. Here are some trends that can help breathe new life into the room:

1. The emergence of cloud services: Cloud services have taken over as the dominant form of data processing and data storage. This trend is likely to continue as more companies move their IT operations to the cloud. Implementing cloud-based products and services in data centers can help improve efficiency and productivity.

2. The Impact of Virtualization: Virtualization has revolutionized the way organizations work with data by letting them create multiple instances of software on dedicated servers. This feature allows you to run multiple applications on one machine while freeing up processing power and storage space. Virtualization can also provide additional security benefits by isolating critical systems from possible cyber attacks.

3. The importance of big data: Increasingly, organizations are consuming large amounts of data to identify patterns and insights that can be used to make informed business decisions.

In recent years, the data center market has seen an increasing trend that co-location facilities have become outdated in terms of technology development and do not meet the needs of companies. This has led many companies to look for innovative data center solutions that can help them surpass the competition.

One of the latest trends in the data center market is the transition to containerized data centers. This is because it allows companies to standardize operations and manage their data efficiently. In addition, these containers also offer companies a number of other benefits such as more flexibility and lower costs.

So, how do companies respond to the taping Potential of Data Center Market

The data center market is currently in a period of transition. It faces challenges from Moore’s law that are being challenged by silicon production capacity and commodification of infrastructure services. The industry is also adapting to new business models such as the public cloud, Big Data and mobile computing. It is important for data center operators to remain agile and stay ahead to ensure continued success.

Businesses are now looking for automation and more transparency in data center operations that will help them get more out of data centers and reduce costs. But with increased automation comes associated risk. In addition, experts are of the opinion that data processing in the data center will switch to mobile and cloud-based platforms in the near future; this will require intelligent management and efficient use of resources to maintain optimal performance while minimizing costs.

So, what will the future hold for the data center market? Expanding the use of innovative technologies such as blockchain will help companies stay ahead, while co-location facilities need to adapt and improve their offerings in order to remain competitive.

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Increased Internet penetration and growing network of OTT apps adjust the future of the data center market towards expansion

Rapid growth in the use of OTT platforms is expected to continue in the coming years. According to a study from the Global Web Index, the global active user base of OTT platforms crossed 512 million in 2021, and grew at a compound annual growth rate of 68%. The study estimates that the global active user base of OTT platforms will reach 1.7 billion by 2025. This growth is driven by an expanded range of services offered by these platforms and increasing use among users.

OTT platforms are increasingly being used as an alternative to traditional TV content delivery. They are also employed for social networks, games, education and other purposes. In general, OTT platforms are changing the way people use media content.

Two important trends affecting the data center market are the increasing penetration of streaming platforms and the improved user base. As streaming platforms like Netflix, Amazon Prime Video and Hulu become more popular, users are using more multimedia content. This in turn has a significant impact on the data center market by leading to increased demand for power services, more requirements for data storage and increased demand for connection infrastructure.

The data center market is witnessing an increase in the penetration of streaming platforms, especially with the use of Amazon Web Services (AWS). This has led to an increase in the number of users and a corresponding increase in data throughput. In addition, data center operators also benefit from new technologies such as artificial intelligence (AI) and machine learning that help them optimize their infrastructure. The future has many potential opportunities for data center operators who can take advantage of these trends.

Key players in the data center market

• IBM Corporation
• HPE
• Cisco System, Inc.
• Hitachi Ltd
• NTT communication
• ABB
• Dell technologies
• Schneider Electric
• Comarch SA
• Huawei Technologies Co., Ltd.

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