Technavio has been monitoring the data center market in China and it is poised to grow by USD 18.01 bn during 2020-2024, progressing at a CAGR of over 18% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Data Center Market in China 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alibaba Group Holding Ltd., AT&T Inc., Baidu Inc., China Mobile Ltd., China Telecommunications Corp. Ltd., China Unicom (Hong Kong) Ltd., Digital Realty Trust Inc., Equinix Inc., Fujitsu Ltd., and Tencent Holdings Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Demand for hyper-converged data centers has been instrumental in driving the growth of the market.
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Data center market in China 2020-2024: Segmentation
Data center market in China is segmented as below:
- IT Infrastructure
- General Construction
- Power Management Systems
- Cooling Systems
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Data center market in China 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The data center market in China report covers the following areas:
- Data center market in China Size
- Data center market in China Trends
- Data center market in China Industry Analysis
This study identifies increasing investment in quantum computing as one of the prime reasons driving the data center market growth in China during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Data center market in China 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist data center market growth in China during the next five years
- Estimation of the data center market size in China and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the data center market in China
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of data center market vendors in China
Table of Contents:
Five Forces Analysis
Market Segmentation by Component
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