Service Market for Data Center - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Service Market for Data Center - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : March, 2020 | Technology & Media | PPT format

Report Digest


Global Service Market for Data Center: Snapshot

The global service market for data center is registering a significant rise in its valuation, thanks to the increasing need to develop support services within a data center, required to maintain a proper functioning data storage. Any down time at the data center or any minimal interruption can cause massive losses to the enterprise. Several data center services, such as training and development, installation and deployment, design and consulting, professional services, and maintenance and support are necessary for the effective operation of data center facilities.

With the increasing uptake of these services, the growth of this market is rising substantially, as enterprises are increasingly taking up data center services to ensure uninterrupted data center functioning as well as maximum uptime. Apart from this, the rise in the data center technology spending, increase in data center complexities, and the augmenting need for reduction in Opex and Capex are also boosting the growth of this market significantly.

Although the future of this market looks good, it may face challenges from the increased demand for third-party services among enterprises in the near future. However, the exponential rise in data center traffic and the surge in the number of IoT devices in enterprises will normalize the pressure on market players, leading to a considerable growth of this market in the years to come. Cloud providers, colocation providers, and enterprises have surfaced as the leading end users of the services for data centers across the world.

Global Service Market for Data Center: Overview 

The global service market for data revolves around the collective need for creating support services within a data center, for the sake of maintaining a properly operating data storage or repository. Data center services can also help in the management of data and their distribution to the relevant channels in a highly organized manner. Most commonly, data center services lie in the categories of software, hardware, processes, and manpower. Data center services are crudely segregated depending on whether they are being provided to a data center or they are services provided from a data center. 

The common types of services being offered in the global service market for data center include support, technical consultation, financing support, technical training, applications, and outsourcing. 

Global Service Market for Data Center: Key Trends 

One of the top reasons for the proliferation of the global service market for data centers at the moment is the heavy demand for it as a safety measure against data stream termination. Downtime of any degree can be extremely detrimental to the purpose and function of a data center. The global service market for data centers falls as a positive measure that companies can take when safeguarding their data centers and to ensure they are functioning at all times. Therefore, the assurance of maximum possible uptime forms the leading driver for the global service market for data centers.

However, the global service market for data centers is also being restrained by the high prevalence of these services being present as third-party service providers. They require a very high level of trust with client companies to handle their data centers for them, which can cause issues when it comes to long term contracts. 

Global Service Market for Data Center: Market Potential 

There is still positive potential in the global service market for data centers, despite the slowly falling numbers of third-party data centers. The emergence of cloud computing has made it a tricky affair for conventional data centers to operate in continuity, as more and more companies and enterprises are opting for the cloud way. Organizations are seeking solutions that are increasingly industrialized and minimalistic in nature. 

At the same time, alliances and mergers could help companies create innovative solutions in the global service market for data centers. One example for the same is the partnership recently announced by Huawei and Colt Data Center Services in setting up cloud data center infrastructures. The partnerships is largely focused towards the creation of inexpensive and dynamic data center infrastructures amid the wave of cloud data. 

Global Service Market for Data Center: Regional Outlook 

The key regions in the global service market for data centers for the purpose of market segregation, are North America, Asia Pacific, Europe, the MEA, and Latin America. The market is expected to be strong in North America over the coming years, owing to a highly developed and dependent IT infrastructure. Meanwhile, the demand for data center services is rising rapidly in Asia Pacific, thanks to a booming IT environment and improving industrial infrastructure. 

Global Service Market for Data Center: Competitive Analysis 

The leading entities in the global service market for data centers so far have included HPE, Schneider Electric SE, IBM, Dell, Inc., Cisco Systems, Inc., Vertiv Co., Fujitsu Ltd., Equinix, Inc., Hitachi Ltd., and Huawei Technologies Co. Ltd. Multiple vendors are creating multiple opportunities for themselves through offerings that are aimed at reducing a client’s CAPEX and OPEX.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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