The global Data Center Transformation Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 13.2% during the forecast period (2018–2023) to reach a market size of USD 12.00 billion by 2023. Data center transformation helps an enterprise achieve cost savings by procuring budget-friendly and efficient data center infrastructure alternatives. The data center transformation is also projected to have an increasing growth owing to the increase in data center technology-related spending and exponential growth of data traffic across the globe.
Data center infrastructure is expected to witnesse major technological changes along with evolving technological advancements. Enterprises are increasingly setting up cloud services with third-party assistance and data center transformation helps them in supporting such applications.
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The optimization services segment is expected to grow at the highest rate during the forecast period. Data center optimization increases the efficiency of enterprises’ data center operations. Optimization involves reconfiguring or changing data centers to reduce the resources required but without hampering the data center functionalities. Data center optimization services help organizations determine how to optimize performance and evolve their data centers to realize more value out of the current infrastructure.
The tier 1 data centers are increasingly finding utilization in small enterprises which have low uptime requirements as compared to that of large enterprises, and the tier 1 type can suffice their requirements easily. An increasing demand for tier 1 type data center has positively impacted the growth of data center transformation market.
An increasing number of cloud service providers that offer efficient cloud services to other businesses are expected to drive the demand for data center solutions. Moreover, an increasing demand for public, private, and hybrid cloud for cost efficiency and performance improvement has further contributed to the growth of data center transformation market.
The small data center type is expected to grow at the highest CAGR from 2018 to 2023. These data centers are used by the organization to store daily records and operational information. An increasing demand for cost-effective data centers in small enterprises has positively impacted the growth of data center transformation market.
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Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. The region provides growth opportunities to data center transformation vendors, due to the increasing investments in advanced technologies, rapid adoption of cloud, and rise in government regulations for data storage.
The data center transformation plays an important role in the healthcare industry vertical. Healthcare companies have shown increasing interest in the adoption of cloud computing technology over the past few years. IT and network security is a growing concern for the healthcare vertical. As a result, the vertical is facing several challenges, such as maintaining the privacy of Electronic Health Records (EHR) and meeting various compliances set by the Healthcare Information Portability and Accountability Act (HIPAA). These requirements are driving healthcare organizations to reach out data center transformation vendors for better platforms and services to cater to their needs.
The data center transformation market includes major vendors, such as Micro Focus (UK), Dell EMC (US), IBM (US), Atos (France), Cisco Systems (US), DynTek (US), Schneider Electric (France), NTT Communications (Japan), Microsoft (US), Bytes Technology Group (South Africa), Tech Mahindra (India), HCL Technologies (India), Performance Technologies (Greece), Rahi Systems (US), Inknowtech (India), GreenPages (US), General Datatech (US), Mindteck (India), Accenture (Ireland), Wipro (India), SoftChoice (Canada), Hitachi (Japan), Cognizant (US), NetApp (US), and Insight Enterprise (US). These players have embraced different growth strategies to expand their global presence and increase their market shares. New product launches and partnerships/collaborations are some of the significant strategies deployed by the major players to grow further in the data center transformation market. Several companies, such as Micro Focus, Dell EMC, IBM, and Atos, have adopted these strategies to expand their product portfolios.
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