Data Center - Armenia

Armenia

Revenue in the Data Center market is projected to reach US$33.58m in 2024.
Network Infrastructure dominates the market with a projected market volume of US$20.78m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.84%, resulting in a market volume of US$44.61m by 2029.
In global comparison, most revenue will be generated in the United States (US$123.20bn in 2024).

Key regions: United States, Germany, India, Japan, China

Definition:

The Data Center market is a critical segment of the technology industry focusing on supplying and managing physical infrastructure necessary for hosting and operating IT systems, primarily servers, storage, and network equipment. This market spans from traditional in-house data centers to sophisticated facilities offered by specialized providers, covering services like hosting, shared data center facilities, and managed data center solutions. It targets a diverse client base, ranging from small businesses to large enterprises, offering flexible, scalable solutions for their IT infrastructure needs. This sector is integral to the efficient functioning and security of IT operations in various organizations.

Structure:

The Data Center market is structured in three markets based on the services model provided by the companies.

The Server market covers the resources and services related to servers, integral for hosting websites, managing databases, and supporting cloud computing.
The Storage market covers the resources and services related to data storage systems, crucial for archiving, data backup, and ensuring data recovery.
The Network Infrastructure market covers the resources and services related to network hardware essential for ensuring connectivity, data transmission, and network security.

Additional Information:

The Data Center market includes revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Market values represent revenues paid to primary vendors at the manufacturer price level either directly or through distribution channels (excluding VAT). Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in the Data Center market include companies such as Dell, HPE, Huawei, and Ericsson.

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Market

Region

Region comparison

Currency

Analyst Opinion

Armenia, a country known for its rich history and cultural heritage, is also witnessing significant developments in its Data Center market.

Customer preferences: In Armenia, customers are increasingly demanding more reliable and secure data storage solutions to support their growing digital needs. With the rising trend of cloud computing and big data analytics globally, businesses and individuals in Armenia are seeking Data Centers that can offer high performance, scalability, and data protection.

Trends in the market: The Data Center market in Armenia is experiencing a shift towards the adoption of green technologies and energy-efficient infrastructure. As sustainability becomes a key focus for businesses worldwide, Data Centers in Armenia are investing in eco-friendly practices to reduce their carbon footprint and operational costs. Additionally, there is a growing demand for edge computing facilities to support the proliferation of Internet of Things (IoT) devices and applications in the country.

Local special circumstances: One of the unique aspects of the Data Center market in Armenia is its strategic location at the crossroads of Europe and Asia. This geographic advantage positions Armenia as a potential hub for data storage and processing services, attracting international companies looking to expand their presence in the region. Furthermore, the government's initiatives to promote the tech industry and digital infrastructure development are creating a conducive environment for the growth of Data Centers in the country.

Underlying macroeconomic factors: The economic stability and steady growth of Armenia's IT sector are driving investments in Data Centers to meet the increasing demand for digital services. As the country continues to modernize its infrastructure and improve connectivity, the Data Center market is expected to flourish further. Moreover, Armenia's competitive labor market and skilled workforce are contributing to the expansion of Data Center operations and services in the country.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on hardware-related expenses of businesses for setting up and maintaining an IT infrastructure.

Modeling approach / Market size:

Market sizes are determined through a top-down approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports and national statistical offices. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of digitization. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing and the S-curve function, is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.