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Dublin, July 23, 2021 (Global News Agency) – “Global and China IDC (Internet Data Center) Market Insights Report 2021-2025” Report has been added to ResearchAndMarkets.com provide.
With the vigorous development of new technologies such as artificial intelligence (AI), big data, and cloud computing, these new technologies continue to promote the digital transformation of modern enterprises. We see the obvious trend of future data explosion and the continuous deployment of 5G. According to the Cisco Visual Network Index, global IP traffic should reach 396EB/month in 2022, compared to 122EB/month in 2017, with a compound annual growth rate of 27%. At the same time, the cloud market should continue to maintain a strong growth momentum with a clear cloud migration path. By 2022, the global cloud market should reach USD 364 billion with a compound annual growth rate of 15% (according to Gartner), while the growth rate of the Chinese cloud market should be even better, reaching RMB 375 billion in 2023, a compound annual growth rate Is 30%. Therefore, we see that the strong growth trend of data traffic and promising cloud business prospects paved the way for the steady growth of demand for IDC (Internet Data Center) business in the foreseeable future, considering that IDC is the foundation and foundation of all the above-mentioned industries. The key support industry.
According to IDC Quan’s data, due to the continuous and rapid development of Internet and cloud services, the compound annual growth rate of China’s IDC market in 2019-22 may reach 27%, reaching RMB 320 billion in revenue in 2022. Although Chinese operators are still the dominant players in this market (because China Telecom, China Unicom, and China Mobile together accounted for 62% of the market share in 2019), we see that operator-neutral players are gradually gaining market share And the increasing trend takes into account their active business expansion and potential strong market demand, their presence in the future and their impact on the entire business ecosystem.
At the same time, in the IDC business supply chain, we believe that equipment vendors can…
The full story can be found on Benzinga.com
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