Data Centre as a Service Market - Forecast(2021 - 2026)

Data Center as a Service Market size is forecast to reach $327.8 billion by 2025, estimated to grow at a CAGR of 15.8% during 2020-2025. The increasing use of data storage portable devices in order to retrieve data irrespective of time and location are driving the growth of the data as a service market. Furthermore, the rising demand for colocation facilities and enterprise data storage are 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 2020-2025.


Report Coverage
The report: “Data Center as a Service Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Data Center as a Service Market.

By Application: Enterprise Data Storage (Software-Defined Storage (SDS), Hard Disk & Flash Storage, Hyper-Converged Infrastructure, Cloud-based Storage), Consumer Data Storage (Memory Cards, Hard Disk Drive (HDD), Optical Disk, Solid State Devices (SSD), USB Flash Drives)
By Service Model: IaaS, SaaS, PaaS
By End-use Industry: Residential, Commercial (Large enterprises, SMEs) and Others
By Industry Verticals: Healthcare, BFSI, IT & Telecom, Government, Research & Education, Aerospace & Defense and others
By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina, Ecuador, Peru, Colombia, Costa Rica and others), Europe(Germany, UK, France, Italy, Spain, Russia, Netherlands, Denmark and Others), APAC (China, Japan India, South Korea, Australia, Taiwan, Malaysia and Others), and RoW (Middle east and Africa)

Key Takeaways

  • In 2019, 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 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.


Industry Vertical - Segment Analysis
BFSI segment held the largest market share in the Data Center as a Service market in 2019. The rising digitization in the BFSI sector has paved the way for cloud and data center as a service which is also being considered as the backbone of the BFSI sector. As banking and financial sector is being digitally transformed the need for efficient services are rising which is embracing the requirement of data centers. The efficient data center as a service allows the bank to operate effectively, sustain growth, offer innovative services, and further allows to follow regulations and partnerships with start-ups and fintechs. Therefore, the advances in the BFSI sector further escalates the growth of data center as a service market.


Geography - Segment Analysis
In 2019, North America dominated the Data Center as a Service market with a share of more than 36.5%, 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.  

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Location: United States

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