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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