Data Center - Suriname

Suriname

Revenue in the Data Center market is projected to reach US$10.72m in 2024.
Network Infrastructure dominates the market with a projected market volume of US$5.41m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.37%, resulting in a market volume of US$15.30m 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

The Data Center market in Suriname is experiencing minimal growth, influenced by factors like limited adoption of digital technologies, low health awareness among consumers, and the lack of convenience in online health services. This sluggish growth can be attributed to the slow development of sub-markets such as Servers, Storage, and Network Infrastructure.

Customer preferences: As Suriname's economy continues to grow, the demand for data centers is on the rise. This is driven by the increasing use of digital services and online platforms in the country. With a growing number of businesses and individuals relying on digital infrastructure, there is a growing need for reliable and secure data storage and management solutions. Additionally, the demand for cloud-based services is also increasing, as companies look to streamline their operations and reduce costs. This trend is likely to continue as Suriname's population becomes more digitally savvy and the country's digital landscape continues to evolve.

Trends in the market: In Suriname, the Data Center Market is seeing a rise in demand for cloud services, with businesses increasingly turning to virtual servers for storage and computing needs. This trend is driven by the increasing adoption of digital technologies and the need for remote access to data and applications. The significance of this trend is reflected in the growth of the data center market, with major players such as Google and Microsoft expanding their presence in the country. This trend has potential implications for industry stakeholders, as it highlights the importance of investing in reliable and scalable data center infrastructure to meet the growing demand for cloud services.

Local special circumstances: In Suriname, the Data Center Market is heavily influenced by the country's small size and limited resources. This has led to a focus on sustainable and efficient data center solutions, with an emphasis on renewable energy sources. Additionally, the country's unique cultural diversity has resulted in a demand for localized data storage and processing, driving the growth of regional data centers. This, coupled with the government's supportive policies and investments, has created a unique market environment, differentiating it from other markets in the region.

Underlying macroeconomic factors: The Data Center Market in Suriname is heavily impacted by macroeconomic factors, including global economic trends, the national economic health, and fiscal policies. Suriname's economy has been experiencing steady growth in recent years, driven by its natural resource exports and government investments in infrastructure. This has created a favorable environment for the growth of the data center market, as companies are increasingly investing in IT infrastructure and services. Additionally, the government's emphasis on digital transformation and the growing demand for cloud-based solutions are also driving the growth of the data center market in Suriname.

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.