Contact
![Contact Meredith Alda](https://cdn.statcdn.com/contactPerson/3646.jpg)
Mon - Fri, 9am - 6pm (EST)
![Contact Yolanda Mega](https://cdn.statcdn.com/contactPerson/3195.jpg)
Mon - Fri, 9am - 5pm (SGT)
![Contact Kisara Mizuno](https://cdn.statcdn.com/contactPerson/2661.jpg)
Mon - Fri, 10:00am - 6:00pm (JST)
![Contact Lodovica Biagi](https://cdn.statcdn.com/contactPerson/863.jpg)
Mon - Fri, 9:30am - 5pm (GMT)
![Contact Carolina Dulin](https://cdn.statcdn.com/contactPerson/3012.jpg)
Mon - Fri, 9am - 6pm (EST)
Key regions: United States, Germany, India, Japan, China
The Data Center Market in China is witnessing moderate growth due to the increasing demand for servers, storage, and network infrastructure. This can be attributed to the growing adoption of digital technologies, rising awareness about data security, and the convenience of online services. However, factors such as regulatory challenges and high initial costs are impacting the market's growth rate.
Customer preferences: In China, there is a growing trend of businesses and organizations adopting cloud-based data centers to meet the rising demand for digital services. This shift is largely driven by the country's fast-paced tech landscape and the need for efficient data management and processing. Additionally, the increasing integration of emerging technologies in the data center market, such as AI and IoT, is also influencing consumer preferences and driving the adoption of advanced data solutions.
Trends in the market: In China, the Data Center Market is experiencing a surge in demand for cloud computing services, driven by the government's push for digital transformation and the growing adoption of artificial intelligence and big data technologies. This trend is expected to continue in the coming years, with China's data center market projected to reach a value of $39.5 billion by 2023. Along with this, there is a growing focus on renewable energy sources in data centers, in line with the country's commitment to reduce carbon emissions and promote sustainable development. These developments present significant opportunities for industry stakeholders to capitalize on the country's rapidly growing digital economy and contribute to China's overall economic growth.
Local special circumstances: In China, the Data Center Market is experiencing rapid growth due to the country's large population and expanding technology sector. The government's push for digitalization and the rise of e-commerce and cloud computing have also contributed to the demand for data centers. Additionally, strict regulations on data localization have led to the development of local data centers by major tech companies, further driving the market. China's unique cultural and regulatory landscape, coupled with its high internet penetration, make it a highly attractive market for data center investments.
Underlying macroeconomic factors: The growth of the Data Center Market is heavily influenced by macroeconomic factors in China, such as the country's strong economic growth, increasing investments in ICT infrastructure, and supportive government policies promoting cloud computing and data center development. China's strong position as a global manufacturing hub and its large population also drive demand for data center services. Additionally, the country's growing digital economy and increasing usage of emerging technologies like artificial intelligence and 5G are expected to further boost the demand for data center services in China. These factors create a favorable market environment for data center operators, leading to continued growth in the coming years.
Data coverage:
The data encompasses B2B enterprises. Figures are based on hardware-related expenses of businesses for setting up and maintaining an IT infrastructure.Modeling approach / Market size:
Market sizes are determined through a top-down approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports and national statistical offices. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of digitization. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing and the S-curve function, is based on the behavior of the relevant market.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)