A report published by Market Research Future (MRFR) indicates that the data center service market is expected to scale valuation of USD 82 Bn over the forecast period 2016 to 2022. The report further highlights that the market is anticipated to expand at a CAGR of 13% over 2022.
In February 2018, Oracle had made a massive investment in the data center, wherein the company plans to set up at least 12 centers across the globe, which includes India, Japan, and China. The growing investment in data centers all around the world will work in favor of the global data center market in the coming years. In addition, the elevated demand for quality management in infrastructure combined with new technological innovations in the field of data storage as well as the transfer will most likely be a driving force behind the growth of the Data Center Service Market. Besides, data center service offers numerous benefits in the form of scalability, reliability, cost benefits, redundancy, and others. Such benefits have also been responsible for increasing the product appeal among a large portion of the global consumer base.
Adding on, the emergence of cloud technology in data centers is one of the prominent drivers augmenting the demand for data center systems & technology, subsequently triggering market growth. As per reports, in 2017, the spending on public cloud-based data centers had grown by 35%, as compared to the previous year.
Moreover, there has been an increase in the number of people that were connected via cloud servers on account of the enhanced data security and storage function; a factor that is bound to create numerous growth opportunities for the data center service market. Case in point is Apple, which in January 2018 had increased its investment in data centers by USD 10 billion in the next five years. This will surely foster the global demand for data centers, in turn, propelling the market growth over the assessment period.
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In February 2019, Huawei Technologies Co. is all set to roll out its data center services in South Africa by March, with the primary objective of expanding its market position in Africa. In addition, the company is partnering with the local partners in a bid to offer services from its first data center that support cloud services in Johannesburg.
Global Data Center Service Market – Segmentation
The Global Data Center Service Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation by service type: Comprises support services, consulting services, training services, financial services, application services, out sourcing services.
- Segmentation by data center type: Comprises Captive and outsourced
- Segmentation by organization: Comprises SME and large enterprises
- Segmentation by end-user: Comprises manufacturing, BFSI, IT/ITES, healthcare, transportation, retail, government, Defense and others.
- Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
The prominent players in the Data center service Market are – HPE (U.S.), IBM (U.S.), Fujitsu Ltd. (Japan), Huawei Technologies Co. Ltd. (China), Cisco Systems, Inc. (U.S.), Dell, Inc. (U.S.), Vertiv Co(U.S.), Equinix, Inc. (U.S.), Schneider Electric SE (France), Level 3 Communications (U.S.), NTT Communications(Japan) and Hitachi Ltd. (Japan) among others.
Global Data Center Service Market – Regional Analysis
The global data center service market is studied for North America, Europe, Asia Pacific and Rest of the world. North America is anticipated to hold major market share through the forecast period. The increasing number of cloud based solutions, technically advanced region and growing number of data centers are the factors that are driving the market in this region. Asia pacific is expected to show steep growth during the forecast period. Increasing dependency of businesses on data centers, rising investments in IT and technology advancements in countries like India and China are supporting the market growth.
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- Data center vendors
- Internet Service Providers (ISPs)
- Information Technology (IT) service providers
- Consulting service providers
- Colocation providers
- Government Organizations
- Technology investors
- System Integrators
- Research/Consultancy firms
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