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

Key Developments

• On 7 May 2024, Cisco, an American multinational digital communications technology conglomerate corporation, expanded its security presence by launching the first security cloud data centers in Jakarta, Indonesia. This milestone highlights Cisco's dedication to enhancing cybersecurity readiness for businesses in the country, driven by growing demand for security services. The new data centers enable public sector, financial services, and state-owned enterprise customers to better align with local data regulations and compliance requirements.
• In November 2022, Equinix and VMware expanded their global partnership to deliver new digital infrastructure and multi-cloud services. As part of this expanded partnerhsip, the companies launched VMware Cloud on Equinix Metal - a distributed cloud service that provides a more performant, secure, and cost-effective cloud solution for enterprises to run their mission-critical applications.
• In September 2022, Arm unveiled the Neoverse V2, its latest generation of data center chip technology designed to handle the growing data demands driven by 5G and the proliferation of internet-connected devices
• In June 2022, Google Cloud, a suite of cloud computing services offered by Google that provides a series of modular cloud services including computing, data storage, data analytics, and machine learning, alongside a set of management tools and Deutsche Telekom, a German multinational telecommunications company formed a strategic alliance to expand their presence in Europe. This partnership is aimed to provide sustainable and secure cloud services by combining Google Cloud's advanced data center capabilities with Deutsche Telekom's extensive network infrastructure. This cooperation is expected to leverage the strengths of both partners to meet the growing demand for cloud services in the region.
• In June 2022, Oracle Cloud Infrastructure (OCI), a comprehensive suite of cloud services designed to help organizations build, deploy, and manage modern cloud applications and services expanded its distributed cloud services by introducing specialized regions and previewing Compute Cloud@Customer. This new offering typically consumes 60-75% less data center space and electricity, resulting in an average annual cost of around US$ 1 million for customers.