GCC Data Center Market Share 2023, Size, Growth, Report, Analysis, Demand, Trends 2028

IMARC Group has recently released a new research study titled, "Data Center Market: GCC Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the data center market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

Market Overview:

The GCC data center market reached a value of US$ 1.24 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 3.13 Billion by 2028 exhibiting a CAGR of 16.7% during 2023-2028.

Data Center Market Market Overview:

A data center represents a centralized facility that is utilized by organizations for storing, retrieving, and processing physical and virtual data. It generally consists of switches, servers, chips, power distribution units, firewalls, etc. A data center also includes external networking and communication systems, backup power systems, cabling systems, environmental controls, security systems, etc. It is commonly available in several sizes, ranging from small rooms to huge multi-warehouse complexes. A data center is beneficial for processing Big Data and powering machine learning and artificial intelligence, as it is intended to manage a massive amount of data and traffic with minimal latency. Consequently, it finds extensive applications across numerous industries, including manufacturing, transportation, retail, telecommunications, banking, financial services and insurance (BFSI), energy, healthcare, etc.

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Data Center Market Trends in GCC:

The growing penetration of hybrid- and multi-cloud architecture solutions and the expanding information technology (IT) industry are primarily driving the GCC data center market. Additionally, the escalating demand for automated solutions and reduced latency in data transfers, owing to the inflating popularity of smart devices, is further catalyzing the market growth. Besides this, oil companies in the GCC are integrating smart technology, such as control systems and sensors, and using Big Data and analytics technologies in their oilfields, which is acting as another significant growth-inducing factor.

Moreover, the rising emphasis on the construction of green data centers that adopt low-emission building materials to help in creating sustainable ecosystems and ensure efficient waste recycling is also augmenting the market growth across the country. Apart from this, the introduction of network upgrades to support 5G is anticipated to fuel the GCC data center market over the forecasted period.

Data Center Market Report Scope
Report Coverage	Details
Market size value in 2022	US$ 1.24 Billion
Market forecast in 2028	US$ 3.13 Billion
Growth Rate	CAGR of 16.7% from 2023 to 2028
Base year for estimation	2022
Historical data	2017-2022
Forecast period	2023-2028

Data Center Market Analysis and Segmentation in GCC:

The report has segmented the market on the basis of application, type, component, and size.

Country Insights

• Saudi Arabia
• UAE
• Qatar
• Oman
• Kuwait
• Bahrain

The report has also provided a comprehensive analysis of all the major regional markets that include the Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman. According to the report, the UAE was the largest market for data center. Some of the factors driving the UAE data center market included expanding information technology (IT) sector, increasing penetration of hybrid- and multi-cloud architecture solutions, escalating demand for automated solutions for data transfer, etc. For each of the countries covered, the report provides historical and current market trends, market drivers, market segmentation, key players, and market forecast.

Application Insights

• Banking Financial Services & Insurance (BFSI)
• Government
• IT and Telecom
• Media
• Retail
• Manufacturing
• Others

The report has also provided a detailed breakup and analysis of the GCC data center market based on the application. This includes banking financial services & insurance (BFSI), government, IT and telecom, media, retail, manufacturing, and others. According to the report, IT and telecom represented the largest segment.

Type Insights

• Enterprise Data Centers
• Colocation Data Centers
• Edge Data Centers
• Hyperscale Data Centers

A detailed breakup and analysis of the GCC data center market based on the type has also been provided in the report. This includes enterprise data centers, colocation data centers, edge data centers, and hyperscale data centers. According to the report, colocation data centers accounted for the highest market share.

Component Insights

• Hardware
• Software
• Service

The report has also provided an exhaustive breakup and analysis of the market based on the component. This includes hardware, software and service. According to the report, hardware accounted for the highest market share.

Size Insights

• Small Data Center
• Mid-Size Data Center
• Large Data Center

The report has also provided an exhaustive breakup and analysis of the market based on the size. This includes small data center, mid-size data center, and large data center. According to the report, large data center accounted for the highest market share.

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Competitive Landscape:

The competitive landscape of the data center market in GCC has been studied in the report with the detailed profiles of the key players operating in the market.

List of Key Companies Covered in this Market Report:

• Khazna
• Amazon Web Services Inc
• Microsoft
• Equinix Inc
• Etisalat

Kindly note that this only represents a partial list of companies. The complete list has been provided in the report

This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market.

Key Highlights of the Report:

• Value Chain
• SWOT Analysis
• Market Outlook (2023-2028)
• Market Drivers and Success Factors
• Impact of COVID-19
• Comprehensive Mapping of the Competitive Landscape
• Porter's Five Forces Analysis
• Market Performance (2017-2022)

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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