ID: MRFR/ICT/1857-HCR | February 2021 | Region: Global | 100 pages
The term used for the suitable operation of an enterprise for storage, management, and distribution of data is known as data center services. This is the term coined for either maintaining and creating services or implementing the data in various fields. It will help in enhan5 the working of an enterprise and further will lead to service enhancement of the enterprises. The data center service market provides various services for better results of a data center. Data center service comprises of two models that are captive data center and the other is outsourced data center. The former is internal purposes like building, managing and operating the organization whereas the later is used as an external data center for hosting services and lease spaces.
Global Datacenter service Market is expected to grow at USD 82 Billion by 2022, at 13% of CAGR between 2016 and 2022.
COVID 19 Analysis
The global pandemic of COVID 19 has affected the normal working of the businesses and hence leads to a reduction in profits and revenues. Owing to the shut down of manufacturing units the economy is pushed towards forced recession. Due to this global pandemic, the data center service market had faced a downfall in the market and the demand for data center services was decreased.
It is estimated that the data center service market will recover owing to the increase in information technology in the global market at the beginning of the second quarter during the forecasted period.
The growing use of cloud-based based technology and the development of data centers in the organization ultimately drives the growth of the data center service market in the global market. For meeting the customer demands, many major market players are investing a huge amount in adopting advanced technology and hence drives the market of data center service in the global market. Because of this spending’s web service infrastructure is also building.
With the growing traffic at the data center service marker it is growing at a very high pace and hence gives various growth opportunities. Owing to the increasing traffic about 70% of the resources are spent on maintaining the data centers that are handling huge traffic every single day. Since the traffic is increasing day by day therefore there will be more growth opportunities soon. With the growing need for a data center service market, it will help in tapping the potential sources.
There is a huge need for data computing and networking facilities owing to the great traffic on data centers service. This can be provided by multiple vendors. There are mainly in-house data center services and third-party data center services. Under third-party data center services, it has colocation services that provide integrated services to various vendors and they provide services at low cost which restrains the growth of the in-house data center services market.
Value Chain Analysis
The growth of the data center service market helps in improving the performance of the workers as it increases energy resiliency and further leads to reliable backup power. It provides monitoring and integration of system health along with disaster management and recovery. The data center service market is growing at a very fast pace.
The data center service market in the global market is divided based on service type, data center type, organization size, and end-users.
Based on Service Type
The data center service market in the global market is divided based on service type into support service, consulting service, training service, financial service, application service, and outsourcing services.
Based on Data Center Type
The data center service market in the global market is divided based on data center type into a captive data center type and outsourced data center type.
Based on Organization Size
The data center service market in the global market is divided based on organization size into small and medium business enterprises, large business enterprises, and cloud providers enterprises.
Based on End-Users
The data center service market in the global market is divided based on end-user into the manufacturing sector, banking financial services and insurance (BFSI), IT/ITES sector, healthcare sector, transportation sector, government sector, retail sector, education sector, defense sector, and many others.
The global data center service market is divided based on region into Asia-Pacific, Europe, North America, and the rest of the world. Out of all these regions, North America holds the largest share of the market in the global market and hence dominates the market because of the increasing adoption of advanced technology in countries like Canada and the U.S. and also increasing use of associated services.
The second-largest share in the global market is held by the Asia-Pacific region as this region is the fastest-growing region in the global market and countries like South Korea, India, China, and Japan are using advanced technology and developing the infrastructure according to the technology. After the Asia-Pacific region comes to the Europe region.
There are many prominent market players in the data center service market in the global market some of them are:
These are the most prominent market players in the data center service market in the global market and use various strategies and policies to attract potential customers to increase their customer base in the global market. All these players do use their resources judiciously.
The global data center service market research report consists of the following aspects:
This global data center service market research report contains the factors that accelerated the growth of the data center service market in the global market. This report also contains the impact of COVID 19 on the overall working of the service market along with the restraining factors that slow down the growth rate. The future market demand is also estimated and mentioned in this research report.
Datacenter vendors, Internet Service Providers (ISP’s), Information Technology (IT) service providers, consulting service providers, colocation providers, government organizations, technology investors, system integrators, research firms, and consultancy firms, and many others.
|Market Size||USD 82 Billion (2022)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Service Type, By Organization|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||IBM (U.S.), HPE (U.S.), Fujitsu Ltd. (Japan), Cisco Systems, Inc. (U.S.), Huawei Technologies Co. Ltd. (China), Dell, Inc. (U.S.), Equinix, Inc. (U.S.), Vertiv Co(U.S.), Schneider Electric SE (France), NTT Communications(Japan), Level 3 Communications (U.S.), and Hitachi Ltd. (Japan)|
|Key Market Opportunities||
|Key Market Drivers||The growing use of cloud-based based technology and the development of data centers in the organization ultimately drives the growth of the data center service market in the global market.|
Frequently Asked Questions (FAQ) :
The worldwide market of the data center service can thrive at 13% CAGR and value at USD 82 Billion by 2022.
Schneider Electric SE (France), NTT Communications(Japan), and Level 3 Communications (U.S.) are some notable names in the data center service market.
Support services are extensively used. Other services are; consulting services, training services, application services, outsourcing service, and financial services.
Outsourced and captive are types of data center service.
Manufacturing, IT/ITES, and BFSI are active users of data center service. Other sectors are transportation, healthcare, government, and retail.