China Data Center Markets, Competition, Forecast & Opportunities, 2022-2027 - Increased Efforts to Construct Data Centers at a Large Scale to Meet the Accelerating Demand Bodes well for the Sector

Rhea-AI Summary

The China data center market is projected to experience a double-digit CAGR from 2023 to 2027, driven by the rapid growth of the IT industry and advancements in IT infrastructure. Key factors include the demand for advanced technologies such as AI, machine learning, and 5G deployment, essential for meeting enterprises’ high computational power needs.

The proliferation of the e-commerce sector is also influencing market growth, as companies leverage data analytics tools to enhance customer experience. Major players include 21Vianet Group, Alibaba Group, and others, indicating a robust competitive landscape.

Positive

• Projected double-digit CAGR for the China data center market from 2023 to 2027.
• Strong demand driven by advancements in IT infrastructure and technologies like AI and 5G.
• E-commerce growth fueling market demand through enhanced customer experience initiatives.

Negative

• None.

DUBLIN, Feb. 23, 2023 /PRNewswire/ -- The "China Data Center Market, By Solution (IT Infrastructure, General Infrastructure, Electrical Infrastructure, Mechanical Infrastructure and Others), By Type (Corporate and Web Hosting), By End User Industry, By Region, Competition Forecast & Opportunities, 2027" report has been added to  ResearchAndMarkets.com's offering.

The China data center market is anticipated to witness a growth of double-digit CAGR in the forecast period, 2023-2027

Expansion of the IT industry, use of advanced technologies by enterprises to remain competitive in the market, and the rapid construction of data centers are the primary factors driving the growth of the China data center market in the forecast period.

Advancement Of IT Infrastructure in Enterprise Drives the Market Growth

The rise in efforts to construct data centers at a large scale to meet the accelerating demand from enterprises to scale up their data centers operations is influencing the market demand.

The application of novel technologies such as the internet of things, artificial intelligence, machine learning, along with the deployment of 5G technology, fuel the demand for reliable data services to meet the enterprises' high computational power needs. The development of the telecommunication industry and rapid growth of internet users in the country is expected to boost the demand for China data center market.

China boasts of one of the largest numbers of supercomputers around the world and witnesses a high demand for fast computational speed for commercial applications. The surge in the efforts made by the leading authorities to make China one of the prominent powerhouses in the world is fueling the construction of data centers in the country.

Leading authorities are encouraging the adoption of internet technology in the private and public business sectors, promoting the country's digital transformation. The proliferation and adoption of online payment gateways, mobile wallets, net banking by the consumers, and the rise in the number of IT players operating in the province are expected to fuel the China data center market growth.

Proliferation Of E-Commerce Sector Fuels Market Growth

An increase in the number of market players availing the online sales channel as a medium to sell the products and expand the consumer base to boost the reach of their products at global levels is expected to influence the market demand.

Market players are investing in providing a personalized shopping experience to customers by buying various data analytics tools and software to enhance the services offered to the customers. They store vast amounts of data for processing and generate needful insights to make marketing strategies stay ahead.

Customers enter their personal information along with contact and delivery details to facilitate easy delivery of products which is expected to propel the need for data centers to store and manage the data efficiently.

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in China data center market.

• 21Vianet Group
• GDS Holdings Limited
• Alibaba Group Holding Limited
• China Mobile Limited
• Beijing Sinnet Technology Co. Ltd
• China Telecommunications Corporation
• Shanghai AtHub Co. Ltd.
• Wangsu Science & Technology Co. Ltd.
• China United Network Communications Group Co. Ltd.

Report Scope:

China Data Center Market, By Solution:

• IT Infrastructure
• General Infrastructure
• Electrical Infrastructure
• Mechanical Infrastructure
• Others

China Data Center Market, By Type:

• Corporate
• Web Hosting

China Data Center Market, By End User Industry:

• IT & Telecom
• Government
• BFSI
• Healthcare
• Others

China Data Center Market, By Region:

• East China
• North China
• North East China
• South Central China
• North West China
• South West China

For more information about this report visit https://www.researchandmarkets.com/r/d9mxw1-data-center?w=5

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FAQ

What is the growth forecast for the China data center market?

The China data center market is expected to grow at a double-digit CAGR from 2023 to 2027.

What factors are driving the growth of the China data center market?

Key factors include the expansion of the IT industry, adoption of advanced technologies like AI and machine learning, and the growth of the e-commerce sector.

Who are the major companies in the China data center market?

Major companies include 21Vianet Group, Alibaba Group, GDS Holdings, and China Mobile.

How is the e-commerce sector impacting the China data center market?

The e-commerce sector's growth is increasing the demand for data centers as companies invest in data analytics to enhance customer experiences.