The increasing investment in data centers all across the world will work in favor of the global market for the data centers in the foreseeable future. In addition, the improved demand for quality management in infrastructure, along with new technological innovations in the field of data storage, along with the transfer, will most likely be a driving force towards the growth of the data center service market. Moreover, data center service provides numerous benefits in the form of reliability, scalability, redundancy, cost benefits, and others.
Such benefits have also been accountable for growing the product appeal among a large portion of the global consumer base. In addition to this, the emergence of cloud technology in data centers is one of the major drivers augmenting the demand for data center systems & technology, subsequently encouraging market growth. Moreover, there has been a rise in the number of people that were connected with the help of cloud servers on account of the improved data security and storage function, a factor that is bound to create several promising growth opportunities for the data center service market. These factors are expected to foster the global demand for data centers, in turn, fueling the market growth over the assessment period.
As per the latest report published by Marker Research Future (MRFR), the global market is predicted to reach a significant market value of USD 82 billion at a substantial CAGR of 13% over the review period.
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Some of the key players profiled in this report are Fujitsu Ltd. (Japan), Huawei Technologies Co. Ltd. (China), HPE (U.S.), IBM (U.S.), Cisco Systems, Inc. (U.S.), Vertiv Co(U.S.), Dell, Inc. (U.S.), Equinix, Inc. (U.S.), Level 3 Communications (U.S.), NTT Communications(Japan), Schneider Electric SE (France), and Hitachi Ltd. (Japan)
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.
By service type, the global data center service market has been segmented into Support, Consulting, Training, Financial, Application, and Out-Sourcing.
By organization, the data center service market has been segmented into SMBs, Large Enterprise, and cloud providers.
By data center type, the global data center service market has been segmented into captive and outsourced.
By end-user, the data center service market has been segmented into manufacturing, BFSI, IT/ITES, healthcare, transportation, government, and others.
The regional analysis of the global market for data center service is being studied for four regions, such as Europe, Asia Pacific, North America, and the Rest of the World. The study indicates that the North America region is dominating the Datacenter service market owing to factors such as increasing adoption associated services and technological advancements. The rising adoption of external services coupled with growing investments is slated to expand the data center service market in North America over the foreseeable future. The study also indicates that the Asia-Pacific region has a massive scope to grow significantly in the data center service market over the forecast period.
The major market players are expected to invest heavily in research and development activities for the smooth incorporation of the latest technological advancements in their products. Moreover, the market is poised to witness profitable business strategies such as mergers, joint ventures, acquisitions, partnerships, among others, which are expected to sustain the competitive dynamics of the market over the review period. These factors are also likely to contribute to the growth of the human capital management market substantially over the forecast period.
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.
Table of Content:
1 MARKET INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH NETWORK SOFTWARE SOLUTIONS
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
3.5 MARKET RESTRAINTS
4 EXECUTIVE SUMMARY
Continued. . .
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List of Figures:
TABLE 1 DATA CENTER SERVICE MARKET, BY SERVICE TYPE
TABLE 2 DATA CENTER SERVICE MARKET, BY ORGANIZATION
TABLE 3 DATA CENTER SERVICE MARKET, BY DATA CENTER TYPE
TABLE 4 DATA CENTER SERVICE MARKET, BY END-USER
TABLE 5 DATA CENTER SERVICE MARKET, BY REGIONS
Continued. . .
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