Uploaded on Feb 25, 2021
The global data center life cycle services market is expected to grow at approx. USD 7 Billion by 2023, at 15% of CAGR between 2017 and 2023
Data Center Life Cycle Services Market Forecast
Market Highlights
The change in the way the distribution of data takes place within an enterprise is estimate to define
the data center life cycle services market 2020. The networking and telecommunications reports
are made by Market Research Future, which includes market options for progress. A USD 7 Billion
income level by 2023 is estimated to be attained at a 15 % CAGR in the forecast period.
The primary focus of businesses on lessening of costs by reducing physical checks of servers is
estimated to bolster the data center life cycle services market trends in the upcoming period.
Segmentation:
The segmental study of the data center life cycle services market forecast is carried out on the basis
of component, deployment, data center type and service. Based on the vertical, of the data center
life cycle services market is segmented into manufacturing, IT & telecommunication, healthcare,
media & entertainment, BFSI, government and others. On the component basis, the market is
segmented into hardware and software. Based on service, the data center life cycle services market
is segmented into integration services, cloud services, professional services, it asset disposition
services, managed services. Based on the deployment, the data center life cycle services market is
segmented into on-premise and cloud. On the basis of data center type, the data center life cycle
services market is segmented into enterprise data center, mid-size data center and large data
center.
Detailed Regional Analysis
The regional investigation of the data center life cycle services market, includes Europe, North
America, Asia Pacific and other important regional markets. The Asia Pacific data center life cycle
services market is likely to contribute due to growing demand for cloud based and cost-efficient
facilities in countries such as Japan, China and India. The North American regional market is
shadowed by the European region in terms of market portion and development rate in the data
center life cycle services market. Through the European region, the incidence of innovative set-up
with the growing implementation of technology and advancements in several countries is estimated
to be propelling the data center life cycle services market development. The small & medium
enterprises market in the European region are contributing in a major way for a greater share of
income in the data center life cycle services market globally.
Competitive Analysis
The economic deceleration is projected to carry the continuation of the effects seen these days
commonly. The transformation in the supply chain has to be strongly encouraged, so as to see
positive effects with regards to market progress. The support from government bodies is estimated
to promote further the long term expansion of the market in the upcoming period. The consumer
trends that are of special concern to demand are predicted to take time to stabilize in the aftermath
of the current global pandemic. The global market is estimated to be piloted by the forces of supply
and demand that have taken over control. The contenders functioning in the market are predicted
to take necessary steps to safeguard their commercial interests in the period ahead. The
investments related to marketing and R & D are foreseen to be staggered seeing the current
economic climate. However, the market is predicted to be hindered to an extent by the restrictions
in international trade due to the pandemic.
The well-known companies in data center life cycle services market are CA Technologies (U.S.), HP
(U.S.), IBM Corporation (U.S.), Raritan (U.S.), Vertiv (U.S.), Nlyte Software (U.S.), Optimum Path, Inc.
(U.S.), Schneider Electric (France), FieldView Solutions, Inc. (U.S.) and Huawei Technologies Co. Ltd.
(China), among others.
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