Turkey Data Center Market to Grow at a CAGR of 7.65% During the Forecast Period 2024-2028
Increasing adoption of cloud services and tax incentives provided
by the government are likely to propel the Turkey Data Centre market across the
country during the upcoming years.
According to the
TechSci Research report, “Turkey Data Center Market - By Region, Competition
Forecast & Opportunities, 2018-2028,” Turkey Data Center market
is anticipated to project robust growth in the forecast period with a CAGR of
7.65%, owing to the developing IT sector & increasing awareness of the
usefulness of data for corporate, favorable government policies, increasing pace of big data
& IoT, and rising adoption of cloud services among others across the
country.
The widespread
adoption of cloud computing has been on the rise globally, with Turkey being no
exception. Companies operating in the country have come to realize the
advantages that come with cloud solutions, including scalability, flexibility,
cost-effectiveness, and improved performance. As such, more pairs are showing
an inclination toward cloud-based services, resulting in an ever-growing
requirement for data center infrastructure to sustain the usage of such
services. As the demand for technology-driven solutions, such as smart devices,
analytics, and cloud computing continues to grow, there remains a significant
investment from Turkish organizations in Big Data and Internet of Things (IoT)
solutions. This increase in capital is further aided by the development of
wireless networking technologies, making these smart systems easily accessible
to large organizations and consumers.
Additionally, the tax
benefits offered by the government have the ability to actively encourage the
expansion of the Turkish data center market. Such incentives have the potential
to lower prices, boost foreign investment, increase local industry rivalry, and
develop technology—all of which are factors in the market's growth and the
availability of new goods and services.
Browse over 31 market data
Figures spread through 97 Pages and an in-depth TOC on the "Turkey Data Center Market"
The Turkey Data Center market
is divided into solution, type, and end user. Based on the solution, the market
is segmented into IT infrastructure, electrical infrastructure, general
infrastructure, mechanical infrastructure, and others. Based on type, the
market is segmented into corporate and web hosting. Based on end user industry,
the market is segmented into IT & Telecom, BFSI, healthcare, government,
and others. The market analysis also studies the regional segmentation to
devise regional market segmentation, divided among Marmara Region, Central
Anatolia, Aegean Region, Mediterranean Region, Black Sea Region, South-Eastern
Anatolia Region, and Eastern Anatolia Region.
Based on solution, IT
Infrastructure is the dominating segment by solution in the Turkey Data Center
market, accounting for a share of 60.00% in 2022. This is due to the nation's
growing interest in the development and use of information and communications
technology (ICT). IT infrastructure for data centers gives companies the
adaptability, dependability, and security they need to accomplish their
objectives and gain a competitive edge in the market.
Based on end user, IT &
Telecom is dominating the end-user segment in the Turkey Data Center Market,
accounted for a share of 45.19% in 2022. The country's growing urban population
has led to a broad adoption of mobile devices with 3G, 4G, and 5G capabilities.
The need for data center services to store, manage, and analyze the enormous
quantity of data produced and processed by networks and services in the IT
& telecom sector.
Key market players in the Turkey
Data Center market include:
- IBM Turk Limited
Company
- Telecom Italia
Sparkle S.p.A.
- Equinix Turkey
Data Center
- Teknotel
Telecommunication Industry and Trade Inc.
- Turkcell
Communication Services Inc
- Turk
Telecommunications Joint Stock Company
- Huawei Turkiye
- Amazon Web
Services Turkiye
- Vodafone Turkey
- CBRE Turkey
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“Turkey Data Center market is anticipated to project robust
growth in the forecast period with a CAGR of 7.65%, owing to the developing rising
demand for smart devices, analytics, cloud adoption, and the growth of wireless
networking technologies, favorable government policies, emerging new
technologies, rising adoption of cloud services among others across the
country. Adopting energy-efficient processes within data centers can reduce
energy consumption, resulting in decreased operational costs as well as a
decreased carbon footprint. Additionally, various market players are invested
in the construction of the new database center across the country. For instance,
in November 2022, Turk Telecommunications Joint Stock Company established a new
data center across the country. The business runs three data centers, two of
which are in Istanbul and one each in Esenyurt and Gayrettepe in the west. The
combined square footage of the three buildings is 12,700 sq m. Therefore, the
market for data center across the Turkey is expected to rise in the forecast
period 2024-2028” said Mr Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Turkey Data Center Market Segmented By
Solution (IT Infrastructure, Electrical Infrastructure, General Infrastructure,
Mechanical Infrastructure, Others), By Type (Corporate and Web Hosting), By End
User Industry (IT & Telecom, BFSI, Healthcare, Government, Others), By Region,
Competition Forecast & Opportunities, 2028F”, has
evaluated the future growth potential of a Turkey Data Center market and
provides statistics and information on market structure, size, share, and
future growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Turkey Data Center market.
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