Today, a lot depends on IoT and data science. When it comes to the data center market, it was valued at more than 8 billion in 2020. By the year 2026, the data center market will reach a value of $13.9 billion USD. The rise of the remote working model in workplaces and the use of IoT helps in the prolonged growth of the data center sector.
Post pandemic, when people have become acquainted with the mode of remote work and flexible workspace, data centers become more useful than before. A higher awareness around healthcare and its virtualization is also a driving factor for its growth. Most of the data centers are located in offices and workplaces. Major tech firms and MNCs like Amazon, Facebook are the major data center hosting offices.
The data center market was already seeing progress in 2019. This was due to the high demand for IT services and applications. However, the 2020 pandemic has only put the demand at a higher benchmark. Once the people are used to the work from anywhere model, they refuse to come to the office. Only three out of ten employees in major firms come to the office today. With more than half of the employees daily connecting to the workplace remotely, it makes sense that data centers are more in demand. Data centers provide the necessary digital infrastructure and connectivity for the people working remotely. As working from anywhere becomes the norm in today’s offices, the data center market will only expand.
The virtual healthcare sector is set to grow too. As people become more aware of healthcare and seek advanced consultations over remote technologies, the data centers receive a boost from the healthcare sector.
With the growth of IoT devices and an increase in their deployment, data centers are very necessary for the IoT industry. The data centers come in handy during an exchange of a lot of information through the IoT device network. Therefore, the growth of the data center sector, in step with the IoT sector, is imperative.
IoT devices are finding many unique uses. For example, IoT installations will bring about the deployment of smart floor technology. Smart floor technology works with senior citizens and small children. With its use, if a senior citizen falls on the floor, it alerts others in the house or relays the information to people outside the house.
This, however, needs data centers for use because the information relay needs the support of a strong digital infrastructure.
Data centers are also involving in construction projects where data regarding the land and specifications are coming into use. With so many varied uses of the data centers, the data center sector is seeing huge growth in 2021 and beyond. The data center sector finds application in many areas such as healthcare, workspaces, and the construction sector. Among these sectors, the remote work sector has the most profound impact because people are accepting remote working conditions more than before. One can see that the prospects for remote work and data centers are very promising in the future.
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