Developments in multi-cloud computing have given way to the growing adoption of virtual network-based data centers, which in turn is propelling the demand for data centers globally. The ability of modern data centers to interface with multiple sites has made them a preferred choice in several verticals. Virtualized data centers are exclusively depicted to utilize the server in a remote site where large workload procedures are executed.
According to Allied Market Research, the global data center market is anticipated to witness a noteworthy CAGR from 2021 to 2030. The fact that colocation happens to offer a high-performance setting for expository IT infrastructure has driven the market growth in more than one way. Moreover, it offers steadfast, high-connection options to limitless IT service providers to help restructure the architecture, which has supplemented the market growth even more. At the same time, opting for a multi-tenant data hub allows organizations to gauge their environments as per their specific needs. This is the reason why an array of small as well as mid-sized firms are entering this market space, creating huge opportunities for the frontrunners in the industry.
How IoT is exactly transfiguring data centers?
Now, the question remains, how IoT is exactly transfiguring data centers? In the last few years, high-end advancements in technology are giving way to a significant amount of data storage, allowing rapid processing of data. The emergence of Internet of Things and its huge potential has completely transmuted the deployment of data centers over the last couple of decades. It is projected that IoT will take in thirty-five billion units set up by the end of 2022.
The smart deployment of the Internet of Things will engender substantial quantities of data that require to be properly administered and evaluated in real-time. The more data is produced, there more would be parallel growth in demand for storage rooms.
This will not only propel the demand for data centers across the world but would also lead to the initiation of inventive ways for elevating storage capacity with enhanced servers and novel compression equipment, which would eventually pave the way for lucrative opportunities for data center providers.
Recent developments-
One of the prominent names in the colocation data center industry, MedOne has recently announced that it is selling a forty-nine percent stake at a company estimate of around four-hundred thirty million dollars to a private investment organization in the United States, Berkshire Partners, and the van Rooyen Group.
Established in 1997, the company has been ushering the Israeli data center market for more than two decades and has also inflated its services to more & more Israeli as well as multinational ventures, thus whizzing up its in-process facility expansion. The company is also expected to dole out top-quality services to its customers and capitalize on its top-notch data center set-ups and technology.
On the other hand, keeping in tab with a report by a real estate consulting agency, CBRE, Karnataka is all set to become the ‘data center destination of choice in the country. As per the report, the DC strategy would help Karnataka come out as the premium data center stop in India. The digital economy of the state is pretty likely to hasten up, and Karnataka is being projected as turning out as the most popular destination for establishing data centers. The sturdy digital infrastructure along with a combined favorable policy and civil structure would certainly place Karnataka as a data center station of choice that will captivate huge investments, and Bengaluru will be the most prevailing verdure for data centers in Karnataka.
Covid-19 scenario-
Here, it’s worth mentioning that the outbreak of the Covid-19 pandemic had a huge impact on the global economy and most of the industry verticals was highly affected by the same. The global data center market was also not out of its reach. The pandemic, however, led to a steep rise in demand for cloud computing network solutions, which hampered the factor hampering the market growth. Also, the sector was largely hit by an array of obstacles such as a dearth of skillful workforce owing to complete or partial lockdown measures. Nonetheless, as the global situation is getting back to normalcy, sectors such as BFSI, healthcare, and government have started witnessing a sharp increase in the adoption of data centers and this trend is most likely to continue post-pandemic too.
