Data Center Service Market Demand, Future Trend And Recent Development By Forecast 2027
Summary:
A new study title “Data
Center Service market size, status and forecast 2027” has been featured
on market research future.
As per the
analysis by Market Research Future Reports (MRFR), the global data
center service market is estimated to value USD 82 billion, with a CAGR of
13% during the review period from 2016 to 2022. The increasing investment in
data centers at a global level will encourage the global data center market in
the forthcoming period. The datacenter provides various benefits like
reliability, scalability, redundancy, cost benefits, etc. Besides, the
increased demand for quality management in infrastructure amalgamated with
developed technological advancement is likely to drive the data service market
2020. Moreover, the advent of cloud technology in data centers is a significant
driver that intensifies the demand for data center systems and technology.
There has been a rise in the number of people that were connected through cloud
servers due to the higher data security and storage function. These factors
have played a major role in propelling the market at a global level. However,
market growth is likely to get hindered due to a lack of expertise.
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Market
Segmentation
The global
data center service market can be segregated on the basis of data service type,
center type, organization, end-user, and region.
On the
basis of data center type, the global data center service market can be
classified into outsourced and captive.
Based on
end-user, the global data center service market can be classified into defense,
manufacturing, education, BFSI, IT/ITES, retail, healthcare, government,
transportation, and others.
On the
basis of the organization, the global data center service market can be
segregated into cloud providers, SMBs, and large enterprises.
Based on
service type, the global data center service market can be classified into
application services, support services, financial services, consulting
services, financial services, consulting services, training services, out
servicing services.
On the
basis of geography, the global data center service market can be segregated
into Asia-Pacific, Europe, North America, and the Rest of the World
(RoW).
Regional
Analysis
On the
basis of region, the global data center service market can be segregated into
North America, Europe, Asia-Pacific, and Rest of the World (RoW). As per
the analysis, North America is estimated to lead the global market during the
review period. Owing to the rising adoption of associated services and
technological development, the market has propelled significantly. On the other
side, the APAC region is estimated to expand significantly during the review
period. Due to the presence of the fastest growing economies like India and
China, the region is likely to expand considerably. The European region is
likely to grow significantly during the review period due to the presence of
developed nations like the UK, Germany. The region tends to adopt the latest
technologies at a quick pace, which advances the region in terms of market
expansion. The RoW is estimated to grow at a moderate pace during the forecast
period.
Key
Players
The
forefront players of the global data center market are IBM (U.S.), HPE (U.S.),
Fujitsu Ltd. (Japan), Cisco Systems, Inc. (U.S.), Huawei Technologies Co. Ltd.
(China), Dell, Inc. (U.S.), Equinix, Inc. (U.S.), Vertiv Co(U.S.),
Schneider Electric SE (France), NTT Communications(Japan), Level 3
Communications (U.S.), and Hitachi Ltd. (Japan) among others.
Industry
News
Microsoft
to invest USD 1 billion in Poland for new data center region to offer cloud
services to business and government institutions among other sectors. Microsoft
signed an agreement with the Poland based cloud provider, Chmura Krajowa, to offer
cloud service across the country and parts of Central Europe.
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