According to market research report "Service Market for Data Center by
Service Type (Design & Consulting, Installation & Deployment,
Professional, Training & Development,
Maintenance & Support), Tier Type, End-User, Data Center Type, Industry,
and Region - Global Forecast to 2022", the service market
for data center is estimated to grow from USD 39.68 Billion in 2017 to USD
77.51 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.33%.
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in-depth TOC on “Service
Market for Data Center”
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The major forces driving the service market for data
center are growing data traffic, increasing complexities within data centers,
higher demand for cost effectiveness, and surge in data center technology
related spending within organizations. The service market for data center is
growing rapidly owing to the increasing number of users opting for services
that can help with the increasing data center availability by reducing
downtimes.
Training and development services are expected to
grow at the highest CAGR
The training and
development services segment is expected to witness the highest CAGR during the
period 2017 to 2022. Training and development services help organizations in
improving data center performance through educational programs. Moreover, these
services help in transforming enterprise IT while reducing cost. These benefits
are driving the market and are anticipated to help in propelling the service
market for data center to grow at the highest CAGR during the forecast period.
Tier 1 type market is expected to grow at the
highest rate during the forecast period
The tier 1 type
segment is expected to grow at the highest CAGR during the forecast period
owing to the rapid adoption of tier 1 data center in small enterprises. Tier 1
data centers are characterized by single non-redundant connections to hardware
equipment, including power and cooling distribution units. Moreover, small
enterprises have lower data availability requirements, and tier 1 data centers
are an economical option for these types of enterprises owing to which tier 1
data centers are witnessing growing demand from small enterprise
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North America is expected to dominate the service
market for data center during the forecast period
The service market
for data center segments the global market on the basis of regions which
includes North America, Asia-Pacific (APAC), Europe, Middle East & Africa
(MEA), and Latin America. North America is expected to hold the largest share
of the service market for data center in 2017, owing to the presence of a large
number of data center across various industry verticals in this region. The
market in APAC is expected to grow at the highest CAGR between 2017 and 2022.
The primary driving forces for this growth are increasing data center traffic,
owing to the surge in mobile devices in this region.
The report also encompasses
different strategies, such as mergers & acquisitions, partnerships &
collaborations, and product developments, adopted by the major players to
increase their share in the market. Some of the major technology vendors
include HPE (U.S.), IBM (U.S.), Schneider Electric SE (France), Cisco Systems,
Inc. (U.S.), Dell, Inc. (U.S.), Fujitsu Ltd. (Japan), Vertiv Co(U.S.), Hitachi
Ltd. (Japan), Equinix, Inc. (U.S.), and Huawei Technologies Co. Ltd. (China).
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Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
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