Market Trends of Data Center Transformation Industry
Increasing Significance of E-commerce Databases are Expected to Grow at a Significant Rate
- For e commerce companies, data centres offer a number of significant advantages. In addition, they need to take advantage of the data that they collect and use it for extremely useful customer insights and business process optimisation.
- The growing importance of e commerce databases is the key driver for expanding data centres around the world. In order to store and transfer these data sets for a variety of organizational tasks, e.g. branding, promotion or anything like that, Data Centres are being used by businesses selling on the Internet.
- Through the acquisition of e-commerce data, online retailers monitor all the many components of their e-commerce, such as analytics or customer information. It is also expected that rising digital transformation in emerging nations fuels data centre market growth.
- Consequently, the market for data centres has been significantly stimulated by developing economies like China and India. At this phase of digital transformation, efficient data centers and related solutions are being developed due to the evolution of technology.
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North America Occupies the Largest Market Share
- The North American region holds the largest market share of the global cloud and internet data centers, according to China Internet Network Information Center (CNNIC). This high share can also be because many major players are headquartered in this region.
- North America also contributes substantially to the global data center demand from various end-user industries such as IT, BFSI, retail, and healthcare.
- The Federal government's Data Center Optimization Initiative (DCOI) primarily aims to encourage data center players to consolidate the inefficient infrastructure, optimize existing facilities, achieve cost savings, and transition to a more efficient infrastructure.
- Due to the increased focus on dependability and sustainability, data center owners and operators must investigate cutting-edge technologies like fuel-cell energy storage. Older assets that might be deemed unsuitable for modern colocation are receiving new opportunities thanks to cryptocurrency mining, a comparatively recent source of demand.
- To generalize the statement, through this initiative, the government intends to reduce the costs of physical data centers by a minimum of 25% by the end of the fiscal year. The dominance of this region in the market, combined with the increasing need to reduce operational costs, provides scope for adopting data center transformation solutions, hence driving the market.
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