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Global service market for data center industry estimated to grow at a CAGR of 14.13% till 2024

Global service market for data center industry estimated to grow at a CAGR of 14.13% till 2024

The data center is a computational power, storage, and applications necessary to support an enterprise business. The data center infrastructure is central to the IT architecture, from which all content is sourced or passes through.

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The Global Service Market for Data Center Market accounted for USD 38.1 billion in 2016 growing at a CAGR of 14.13% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Market Definition: Global Service Market for Data Center Market

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The data center comprises of four tiers which helps in providing an effective way of identifying various data center site infrastructure.

Major Market Drivers & Restraints:

  • Increasing Spending In Data Center Technology
  • Increasing Complexities In Data Center
  • Growing Demand From Third-Party Services
  • Growing BFSI Sector
  • Government Initiatives

The global service market for data center market is segmented on the basis of service type into design & consulting, installation & deployment, professional, training & development, and support & maintenance.

On the basis of tier type, the global service market for data center market is further segmented into tier 1, tier 2, tier 3, and tier 4.

On the basis of end user, the global service market for data center market is further segmented into cloud providers, colocation providers, and enterprises.

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On the basis of data center type, the global service market for data center market is further segmented into small data centers, mid-sized data centers, and large data center.

On the basis of vertical, the global service market for data center market is further segmented into BFSI, IT & telecom, government & defense, healthcare, education, retail, energy, manufacturing and others.

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On the basis of geography, global service market for data center market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

In 2017, North America is expected to dominate the market.

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The report for service market for data center market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others.

The report also measures technology life line curve and market time line to analyze and do more affective investments.

Some of the major players of the global service market for data center market are Cisco Systems, Inc., IBM  Corporation, Schneider Electric SE, FUJITSU, Huawei Technologies Co., Ltd., Equinix, Inc., Hitachi, Ltd., Dell, Bharat Sanchar Nigam Limited, CtrlS Datacenters Ltd, Netmagic Solutions, Tata Communications Ltd., among others.

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