“Growing need for reduction of CAPEX and OPEX is one of the factors driving the service market for data center
The global service market for data center market size 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%. There is an increasing need for reducing CAPEX spent on commissioning mission-critical data center facilities. Data center services provide the required feasibility consulting and cost estimation required for setting up new data centers as well as aid in improving their Return on Investment (ROI). This acts as one of the drivers for the service market for data center. However, increase in demand for third-party data center services including vendor specific in-house data center services, may hinder end-users to adopt these solutions.
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The training and development services market is expected to gain traction during the forecast period
The service market for data center services includes design & consulting, installation & deployment, professional services, training & development, and maintenance & support services, in which the training and development services market grow at the highest CAGR during the forecast period. Training and development services segment provides information about the usage of the data center equipment and generates awareness about data center standards and good practices for data centers, which is further driving the market.
Tier 4 data center type is estimated for the largest market share during the forecast period
The tier 4 type is estimated to grow with the largest market size. They provide additional functionality over the tier 3 and other data center types and have an uptime of 99.995%, which contributes to the higher adoption that in turn results in higher market size. These types of data centers are fault tolerant and majorly operated by large enterprises.
APAC is projected to grow at the highest rate during the forecast period
North America has captured the largest market share in 2017, and the trend is expected to continue in the coming years. This region is growing, owing to the presence of a large number of data centers and has witnessed rapid adoption due to the availability of comprehensive solutions. On the other hand, the APAC’s service market for data center solutions are expected to witness exponential growth and projected to be the fastest-growing region for the global service market for data center. This is mainly attributed to the increasing data center traffic in countries such as China, Japan, South Korea, Australia, and Hong Kong.
The various key vendors profiled in the report are as follows:
1. Hewlett Packard Enterprise Company (U.S.)
2. International Business Machines Corporation (U.S.)
3. Schneider Electric SE (France)
4. Cisco Systems, Inc. (U.S.)
5. Dell Inc. (U.S.)
6. Fujitsu Ltd. (Japan)
7. Vertiv Co. (U.S.)
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the service market for data center comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments across different verticals and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to better understand the competitor and gain more insights to enhance their position in the business. The competitive landscape section includes new product launches, partnerships, agreements & collaborations, mergers & acquisitions, and expansions.
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