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Currently valued at $13.01 billion, the Chinese data centre market is expected to experience remarkable growth through 2026, almost tripling to $36.18 billion. According to a recent market study, the data centre market in China and Hong Kong could register a CAGR of 19.2% over the next five years.
65 percent of all the money spent on cloud infrastructure last quarter went to Amazon, Microsoft, Google and Alibaba.
The public cloud giants pocketed record revenues in 2020 as global lockdowns sent cloud consumption into overdrive. While Amazon, Microsoft and Google cashed in billions, the lower tiers of Europe’s IT service providers struggled to capitalise on an unprecedented opportunity to halt the hyperscaler march to cloud dominance, new research has revealed.
London is set to become one of four European regions with live colocation power of over 1,000 MW by 2023 thanks to a surge in cloud and internet service demand, a new report has claimed.
Report authors Knight Frank, a global property consultancy, and data centre market analysts DC Byte, said local and national lockdowns spurred an unprecedented upturn in demand for digital services across Europe, cementing London as a top-four colocation hub alongside Frankfurt, Amsterdam and Dublin.
Lockdowns implemented due to Covid-19 led to a monumental rise in cloud spending in the second quarter of 2020, according to the latest quarterly figures.
The number crunchers over at technology market watchers Canalys revealed spending on cloud infrastructure services in Q2 surged by 31 percent to $34.6 billion, after companies and citizens across the globe relied on e-commerce, remote learning, content streaming and online collaboration tools to see them through national lockdowns.
“Cloud-based services were pivotal in enabling emergency continuity plans designed to maintain virtual operations during lockdown,” said Canalys Chief Analyst, Matthew Ball.