Data Center - Bhutan

Bhutan

Revenue in the Data Center market is projected to reach US$3.50m in 2024.
Network Infrastructure dominates the market with a projected market volume of US$1.91m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.05%, resulting in a market volume of US$4.92m 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.

For more information on the data displayed, use the info button right next to the boxes.

Market

Region

Region comparison

Currency

Analyst Opinion

The Data Center market in Bhutan has experienced minimal growth, impacted by factors such as limited infrastructure and low adoption of digital technologies. Despite this, the rising demand for data storage and network infrastructure, driven by the increasing reliance on online services, is expected to drive growth in the future.

Customer preferences: As Bhutan continues to develop its digital infrastructure, there is a growing demand for advanced data center services. This is driven by increasing reliance on digital platforms for education, entertainment, and business operations. Additionally, with the rise of remote work and distance learning, there is a need for secure and reliable connectivity, leading to a greater demand for data centers. Moreover, as the country embraces digitalization, there is a shift towards cloud-based solutions and services, further driving the growth of the data center market.

Trends in the market: In Bhutan, the Data Center Market is experiencing a rise in demand for cloud computing services, driven by the increasing adoption of digital technologies and the government's focus on promoting a digital economy. This trend is expected to continue, with a growing number of businesses and organizations relying on cloud-based solutions for their data storage and management needs. Additionally, there is a shift towards green data centers, with a focus on energy efficiency and sustainability, reflecting the country's commitment to environmental conservation. These trends have significant implications for industry stakeholders, as they will need to adapt and innovate to meet the evolving needs of the market. This includes investing in advanced technologies and infrastructure to support the growing demand for cloud services, as well as incorporating sustainable practices into their operations to stay competitive. Overall, the trajectory of these trends highlights the potential for growth and development in the Data Center Market in Bhutan.

Local special circumstances: In Bhutan, the Data Center Market is still in its nascent stage, with limited infrastructure and connectivity. The country's remote location and mountainous terrain pose challenges for data center development and maintenance. Additionally, Bhutan's unique cultural and regulatory landscape, including its focus on Gross National Happiness and strict environmental policies, can impact the adoption and growth of data center services. These factors must be considered by companies looking to enter the Bhutanese market, as they can significantly influence market dynamics.

Underlying macroeconomic factors: The development of the Data Center Market in Bhutan is impacted by macroeconomic factors such as the country's economic stability, government policies, and global economic trends. Bhutan's stable economic growth and increased investment in infrastructure development have created a conducive environment for the growth of the data center market. Moreover, the country's growing adoption of digital technologies and favorable policies for foreign investment are also contributing to the market's growth. However, the market's growth is hindered by limited internet connectivity and a small population, which limits the demand for data center services.

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.