DATA CENTER AS A SERVICE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Security threats associated with cloud adoption can hamper the global data center as a service market growth. One of the major concerns among organizations is loss of control over the infrastructure and risk of internal and external attacks. When infrastructure is managed by external cloud service providers in a shared environment, organizations lose visibility and control over how their systems and data are managed and secured. This introduces the risk of breaches and attacks from other tenants sharing the same infrastructure or even from internal employees of the cloud providers.

Market Opportunities: Emergence of edge computing and 5G technology

Edge computing and 5G technology can offer opportunities for the global data center as a service market growth. 5G technology promises extremely low latency combined with high bandwidth. This allows for computation and storage to moved closer to the end users. Edge computing leverages this ability of 5G by deploying micro data centers near cellular towers or enterprise locations to provide services with minimal latency.

The growing adoption of IoT, autonomous vehicles, VR/AR, and other applications that necessitate real-time connectivity and data processing will drive significant demand for infrastructure capable of supporting these low-latency applications. Edge computing with micro data centers deployed in a distributed manner is ideal to enable such applications. Data center operators are well poised to capitalize on this opportunity by virtualizing and containerizing their infrastructure and offering it on-demand to various end users.