Data Center Services Market to Hit $25 Bn by 2027; Global Market Insights, Inc.
Some of the major data center services market participants are Huawei Technologies Co. Ltd., IBM Corporation, Telefonica SA, Cisco Systems Inc., Fujitsu Ltd., Corporation, HCL Technologies Ltd., and Hewlett Packard Enterprise Company.
SELBYVILLE, Del., January 21, 2021 (Newswire.com) - Global Market Insights, Inc. has recently added a new report on the data center services market which estimates the market valuation for data center services will cross US$ 25 billion by 2027. The rise in the number of data center establishments globally will surge the demand for efficient services that ensure optimum asset management.
Expansive networking equipment in data centers requires effective maintenance and support services to reduce system downtime. Lack of proper timely maintenance damages the data center hardware, resulting in huge financial losses. Datacenter maintenance & support services deliver a complete range of planned preventative maintenance, energy optimization, and technical support services including remote monitoring. Prominent players operating in the data center services market are focusing on offering high-end services to gain a higher share in the market. For instance, Data Center Resources (DCR) provides data center design and installation services, helping businesses complete critical projects in a professional and timely manner.
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The rise in the number of SMEs globally has resulted in the increasing demand for small data centers that cater to the customized requirements of small businesses. These enterprises do not require large data center spaces due to limited IT requirements and budgetary constraints. Small data center authorities demand customized installation services that enable the data center establishment in minimum space due to space constraints. There is also a high demand for integration services that enable to seamlessly integrate new tools and components into existing infrastructures.
The data center services market in the MEA will witness growth during the forecast timeframe due to the rise in the number of data center construction projects in the region. The government organizations in several countries including the UAE and Saudi Arabia are encouraging the adoption of digital technologies for economic growth. This has encouraged data center operators to expand their presence in the region. For instance, in December 2020, Du, a UAE-based telecom company, announced plans to launch two data centers in the country in the first quarter of 2021. Datacenter infrastructure development projects will spur the demand for advanced services, ensuring optimum data center functioning and deployment.
Some major findings of the data center services market report are:
Growing penetration of digital services across several industry verticals has resulted in the increased demand for data centers for storage, computing, and network management. This, in turn, will drive the demand for data center services.
The growing trend of data center colocation services in Europe and Asia Pacific will boost the industry growth. Colocation providers focus on employing advanced technologies to ensure customer satisfaction.
Increasing consumption of digital services, such as video-on-demand and video conferencing, during the COVID-19 pandemic has stressed the existing data center capacities, driving the demand for efficient services that optimize IT infrastructures.
Large data center operators employ sophisticated services that enable them to efficiently manage the complexity of extensive infrastructures.
An increase in the number of SMEs will spur the demand for advanced data center infrastructures, in turn, propelling the adoption of high-quality services. These services enable to optimize existing assets while also integrating new components seamlessly.
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Consulting services that offer customized business solutions as per specific requirements will witness strong growth with the increasing adoption of cloud-based services. The growing demand for cloud computing across several countries in Asia Pacific will boost the construction of new cloud data centers, in turn, fueling the demand for robust services.
Expanding manufacturing, IT & telecom, and colocation industries globally will also offer growth opportunities to the data center services industry. As these industries use modern technologies, such as AI and cloud, large amounts of accumulated data will fuel the adoption of high-quality data center services.
Partial chapters of report table of contents (TOC):
Chapter 3 Data Center Services Industry Insights
3.1 Industry segmentation
3.2 Impact analysis of coronavirus (COVID-19) pandemic
3.2.1 Global outlook
3.2.2 Regional outlook
220.127.116.11 North America
18.104.22.168 Asia Pacific
22.214.171.124 South America
3.2.3 Industry value chain
3.2.4 Competitive landscape
3.3 Industry ecosystem analysis
3.3.1 Raw material suppliers
3.3.2 Component suppliers
3.3.4 Technology/software providers
3.3.5 System integartors
3.3.7 Service providers
3.3.8 Vendor matrix
3.4 Technology & innovation landscape
3.5 Regulatory landscape
3.5.1 North America
3.5.3 Asia Pacific
3.5.4 South America
3.6 Industry impact forces
3.6.1 Growth drivers
126.96.36.199 Rise in the number of data center construction projects globally
188.8.131.52 Rise in the number of SMEs adopting digital technologies
184.108.40.206 Growing trend of data center colocation in North America and Europe
220.127.116.11 Expanding industrial sector using advanced digital technology in Asia Pacific
18.104.22.168 Growing usage of OTT services across South America and MEA boosting the demand for data centers
3.6.2 Industry pitfalls & challenges
22.214.171.124 Data security concerns and privacy breaches
126.96.36.199 Lack of robust IT infrastructure in remote regions limiting the demand and adoption of advanced services
3.7 Growth potential analysis
3.8 Porter's analysis
3.8.1 Supplier power
3.8.2 Buyer power
3.8.3 Threat of new entrants
3.8.4 Threat of substitutes
3.8.5 Internal rivalry
3.9 PESTEL analysis
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Categories: Information Technology