Global Data Center Accelerator Market: Regional Insights
North America is anticipated to witness substantial growth in the global data center accelerator market over the forecast period. This is owing to rise in the number of hyperscale data centers, increase in growth of IT and Telecommunication industry in the countries such as the U.S. and Canada in the region. Due to the growing number of data centers, the region is experiencing growth in terms of big data and traffic. For instance, as per the Cisco Systems, the volume of big data in the data center storage across the globe is likely to grow to 403 exabytes by 2021, and the U.S. will account for the largest share in the volume. Moreover, as per the Cloudscene, in 2019, there were more than 2,400 data centers across the U.S. Thus, these factors are adding into growth of the region in the data center accelerator market.
Furthermore, Asia Pacific is anticipated to hold a dominant share in the global data center accelerator market over the forecast period. This is due to heavy investment for the enhancement of IT infrastructure in the region. For instance, according to Cisco Systems, Australia accounts for up to 4% of the global data center market in the region, with large multinational players such as Equinix, and AirTrunk building hyper-scale data centers in Sydney and Melbourne. Moreover, the market players in the region are adoption various growth strategies such as collaborations, product innovations, and investment, which in turn is likely to support growth of the market.
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