PUBLISHER: Grand View Research | PRODUCT CODE: 1376198
PUBLISHER: Grand View Research | PRODUCT CODE: 1376198
The global internet data center market size is projected to reach USD 107.26 billion by 2030, registering a CAGR of 10.6%, according to a new study by Grand View Research, Inc.. As businesses all over the world embark on a relentless journey of digital transformation, the market for Internet Data Center (IDC) will expand at an astounding rate. IDCs act as the crucial infrastructure supporting this paradigm-shifting transformation in an age where data is money and information is power. Unprecedented amounts of data are being produced and consumed by businesses, governments, and people, which has forced the market to grow and change to keep up with the demand.
The need for agility, scalability, security, and dependability in managing massive volumes of data and supporting a wide range of applications is what motivates this digital transformation imperative. The driving force behind the IDC market's expansion is cloud computing. To supply cloud services like Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS), cloud service providers (CSPs) are making significant investments in data center infrastructure. The cloud model eliminates the need for significant on-premises data center expenditures by offering organizations scalable, affordable solutions on demand.
IDCs play a crucial role in providing the physical infrastructure necessary to support these services, which is crucial for the market's growth as businesses adopt the cloud for its operational efficiency and flexibility. The IDC landscape is changing due to edge computing. This method reduces latency and enables real-time applications by bringing data processing closer to the source of the data. Edge computing is essential due to the growth of IoT devices, autonomous systems, and augmented reality. By building data centers in key areas, IDCs are advancing to enable edge computing and ensure low-latency data processing and delivery. The market is positioned for ongoing growth as the edge computing revolution gathers steam, meeting the special needs of distributed computing.