Data Center Service Market to Grow at a Healthy Rate

  • Surging need for reduction of operational costs of data centers is driving the growth of the market.
  • The global service market for data center market is highly fragmented.
  • Government initiatives drive market growth.

Data centers are networked computers and storage equipment assisting companies to organize process and disseminate large quantities of applications. Data centers are important assets in day-to-day operations and are a focal point as companies rely on information center services, applications, and data.

The data center service market is registering a healthy CAGR of 14.80% in the forecast period of 2019-2026. This rise in the market can be attributed to the growing complexities in data centers and surging need for reduction of OPEX and CAPEX.

Increasing investments on data center technology is helping in the growth of the market.

Key Market Competitors: 

A few of the major market competitors currently working in the global data center service market are Hewlett Packard Enterprise Development LP, IBM Corporation, Schneider Electric Inc., Cisco, Dell, FUJITSU, Vertiv Group Corp., Hitachi, Ltd., Equinix, Inc., Huawei Technologies Co. Ltd., Bharat Sanchar Nigam Limited, CtrlS Datacenters Ltd, Netmagic Solutions, Tata Communications, Reliance Industries Limited, Capgemini, HCL Technologies Limited, Sungard Availability Services, CenturyLink, Verizon, KDDI CORPORATION, NTT DATA Corporation, AT&T Intellectual Property, DuPont de Nemours Inc. , among others.

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Market Drivers

  • Surging need for reduction of operational costs of data centers is driving the growth of the market.
  • Increasing investments on data center technology is helping in the growth of the market.
  • Growing complexities in data centers causes market growth to flourish.
  • Government initiatives drive market growth.

Segmentation

The Global Data Center Service Market is Segmented By Service Type (Design and consulting, Installation and deployment, Professional, Training and development, Support and maintenance), Tier Type (Tier 1, Tier 2, Tier 3, Tier 4), End-User (Cloud providers, Colocation providers, Enterprises), Data Center Type (Small data centers, Mid-sized data centers, Large data center), Industry (BFSI, IT and telecom, Government and defense, Healthcare, Education, Retail, Energy, Manufacturing, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Growing complexities in data centers causes market growth to flourish.

Key Developments

In March 2017, Hewlett Packard Enterprise launched Pointnext. It is a newly redefined organization of technology services devoted to assisting businesses accelerate their digital transformations and make the required company results a reality. By launching this technology HPE has redefined technology services organization.
In May 2016, Schneider Electric launched StruxureWare Data Center Operation v8.0. It involves fresh features that allow greater visibility of assets for important data center stakeholders, such as tenants in co-location settings, across IT and equipment. This launch enables business growth.

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Competitive Analysis:

The global data center service market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of data center service market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Rashi Pande

About Us Data Bridge Market Research is a versatile market research and consulting firm with over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. 
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