Mega Data Centres Market Research Reports Included in Douglas Insights Comparison Engine

Douglas Insights comparison engine is the first of its kind to provide a platform to compare and evaluate global research reports in the fastest time. The newest addition to this digital tool is the mega data centres market. Market analysts, researchers, and industry specialists can use the comparison engine to compare reports and extract value-adding insights for strategic decisions and investments that provide high returns. 

Comprehensive insights from the comparison engine will help users identify and tap lucrative opportunities, especially when the mega data centre market is expected to register a CAGR of 4.39% from 2021 to 2028. The forecasted high growth rate of the industry is attributed to multiple factors. The primary driver of the expected exponential growth is the rising demand for high computing and data storage facilities. Mega data centres can efficiently help meet the demand and supply gap. 

A mega data centre is a single and dedicated facility comprising more than 15,000 servers across a large area with power ranging from 10MW to 100MW. This facility houses computer systems to facilitate data transfers, storage and high computing capacities, and bandwidth. Simply stated, mega data centres can help businesses store and utilise data. Hence, the demand for data storage will likely boost the global demand for mega data centres. Such a centre can facilitate the needs of many industries, including the public, media, government, telecom, IT and entertainment. 

Another factor that is expected to stimulate market demand is the surge in the usage of the internet of things and cloud services. Growing virtualisation is expected to soar the demand for data storage facilities. Organisations are migrating to the cloud because of several reasons. However, the top benefit is providing a robust and secure IT environment. This need is expected to increase the demand for establishing mega data centres. 

Remote work culture will also fuel the demand for mega data centres. During the pandemic, many organisations worldwide adopted and promoted remote work culture. As many organisations continue to work remotely, their priority is to automate business processes, and this is expected to surge the growth in the coming years. A mega data centre can help with data storage and backup and support advanced technology such as machine learning, artificial intelligence, and Big Data. 

Government support and initiatives will also support the market growth. Local benefits like low energy prices, tax concessions, and availability of energy alternatives will help the government maximise profits and access a large amount of data at high bandwidth and speed. 

Organisations leading the industry are Dell Software Inc, Juniper Networks Inc, Hewlett-Packard Company, IBM Corporation, Intel Corp, Fujitsu Ltd, Emerson Network Power, and EMC Corporation. Although the mega data centres market is competitive, many opportunities exist to grow and excel. Therefore, new industry players are also entering the market. 

The mega data industry has a global presence classified into the following regions Europe, North America, Asia-Pacific, and the Rest of the world. However, North America accounts for the highest market share. But it is anticipated that the Asia Pacific might take the lead during the forecast period with the highest compound annual growth rate owing to the increasing demand for cloud solutions, data security and storage solutions in the developing countries. 

However, the barriers to entry are high initial investment costs for implementing mega data centres and low resource availability.