(MENAFNEditorial) Global Data Center Market, By Type (Corporate data centers, Web hosting data centers), Density (Low, Medium, High, Extreme), and Verticals (Banking & Financial Services, Telecom & IT, Government, Healthcare) – Forecast to 2023 Global Data Centre Market Overview:
Data Centres refers to virtual or physical infrastructures that are used by enterprises to store a large amount of mission-critical data. These centres support storing, retrieval, and processing of data. Supported by the multiple back up supply units, networking connections, and cooling systems for running the enterprise's core applications, these Data Centres comprises numerous elements such as electrical switches, power distribution units, uninterruptible power supplies, ventilation, and provisions for network connectivity. Modern Data Centres make use of management and monitoring software that allows the IT administrators to oversee the equipment and monitor the facilities remotely.
Acknowledging the exponential growth the Data Centres market is perceiving currently and the growth prospects the market is demonstrating globally; Market Research Future (MRFR) recently published a brilliant study report giving out the complete market insights up till 2023. In its report MRFR asserts that the global Data Centres market is projected to grow at a striking double digit CAGR of 11% throughout the forecast period (2017 2023).
The market is predominantly driven by the increasing demand for data storage management and cloud technology. Having a Data Centre Market ensures minimization of cost by eliminating manual checks of servers and other data centre assets. This factor drives the growth of the market majorly. It also enhances efficiency & productivity while requiring a low human efforts.
The growing data and storage requirement increases the associated data centre assets and costs. Additionally, increasing popularity of internet of things and growing amount of storage of data generated by cloud computing together foster the market growth of Data Centres. Moreover, increasing number of data centres and requirements for improved inventory and assets management, are driving the growth of Data Centre market.
On the other hand, high initial cost of investment is likely to pose challenges to the market growth over the review period. Nevertheless increasing popularity of the community cloud technology is expected to create lucrative opportunities for the market.
Businesses need a complete service solution to optimize their data centre from planning to operations, regardless of location. Every business issue is unique, and the role that data centres play in business success has never been more important. Data centres are dynamic and constantly evolving. Data Centre facilitates the activities that support the projects and operation of a data center, including processing, storage, networking, management and the distribution of data within an enterprise. The Internet of Things (IoT) is connecting everyone and everything. This massive technological shift is impacting how businesses interact with their data centres. This shift is affecting how quickly businesses can respond when a problem occurs.
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Major Key Players:
IBM Corporation (U.S), Digital Realty Trust, Inc. (U.S), Hitachi Ltd (Japan), Hewlett-Packard Inc. (U.S), Cisco System, Inc. (U.S), EMC Corporation(U.S), Global Switch (U.K), CyrusOne (U.S), Telehouse (U.K)and DuPont Fabros Technology(U.S) are some of the leaders driving the Global Data Centre Market. Profiling those in its analysis MRFR finds out their strategies placing them at the forefront of competition.
Worldwide Data Centre Market Competitive Analysis:
The highly competitive market of Data Centreappears to be fragmented owing to the presence of numerous vendors having regional and international existence. Well established vendors are increasingly focusing on maximizing their market share while small vendors find it difficult to compete with them. Increasing products & services, technological innovations, & M & A activities are intensifying the competitive environment of the market. This further encourages players operating in the Data Centre market to compete based on price, quality, innovation, reputation, and Services. A number of brands have outlined plans to widen the penetration by including various types of technologies to their product portfolio.
Innovation/ Industry/Related News:
March 14, 2018 Technology giant Microsoft (US) announced its plans of opening data centres in Dubai and Abu Dhabi. These will be company's first data centres in the Middle East. Further the company also mentioned new locations that come as part of a global expansion, including Germany, France and Switzerland.
March 14, 2018 Wipro BSE (US), one of the leading global IT services company announced its partnership with Ensono (US) by signing an agreement to sell hosted data centre services business to Ensono for USD 405 million. The partnership is expected to enhance the global data centre footprint expanding the available talent pool and allow Wipro to offer end-to-end capabilities in the infrastructure space, better than ever.
Worldwide Data Centre Market Segments:
For the convenience of the report and enhanced understanding; the report - Data Centre Market is segmented in to 4 key dynamics
By Data Centre Type : Comprises Corporate Data Centres, Web Hosting Data Centres.
By Density: Low, Medium, High, & Extreme.
By Verticals: BFSI, Healthcare, Media & Entertainment, IT & Telecommunication, Government and other.
By Regions:North America, Europe, APAC and Rest of the World.
Segment - Corporate Data Centre by types is estimated to account for the major share of the market attributing to the increasing demand for data storage management by large enterprises.
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Worldwide Data Centre Market Geographical Analysis:
North America is the largest market for Data Centre followed by Europe, and Asia Pacific market respectively. Rising technological enhancements and increasing popularity of community cloud in the region, coupled with the well-established infrastructure that enables rapid implementation of advanced technologies fosters the regional market growth. Also, rising investments in the data centres, especially in the US is another major factor driving the growth of data centre market in the region.
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