Data Center Infrastructure Market Latest Industry Trends, Future Growth, Market Share, Revenue, Size and 2028 Forecast Research Report, Fortune Business Insights

(MENAFN- The Express Wire) Data Center Infrastructure Market Latest Industry Trends, Future Growth, Market Share, Revenue, Size and 2028 Forecast Research Report, Fortune Business Insights

Posted on Mar 2 2021 6:36 AM

""Data Center Infrastructure Market Size, Share & COVID-19 Impact Analysis, By Component (Solutions, Services), and Regional Forecast, 2020-2027 " "

According to the report, The global data center infrastructure market size  is projected to reach USD 142.31 billion by 2027, exhibiting a CAGR of 5.5% during the forecast period. Expanding utilization of data centers by companies amid the COVID-19 pandemic is fueling the growth of this market, shares Fortune Business Insights™ in its report, titled 'Data Center Infrastructure Market Size, Share & COVID-19 Impact Analysis, By Component (Solutions, Services), and Regional Forecast, 2020-2027. With work from home becoming a normal practice for most organizations due to the coronavirus, the adoption of data center infrastructures among enterprises has spiked since the pandemic erupted. These systems are enabling companies to effectively utilize cloud computing technologies and ensure the productivity of employees working from remote locations. For example, employees of Cyxtera Technologies, a colocation provider based in Florida, have been accessing company systems through secure solutions provided by Appgate. In India, the data center division of The Hiranandani Group, Yotta Infrastructure, has been heavily investing to automate processes and when lockdown was announced in the country, it was strongly positioned to harness data center infrastructures to continue everyday office tasks. Thus, data centers, along with cloud-based solutions, are playing a critical role in minimizing the disruptions caused in the business world by the COVID-19 pandemic.

As per the report findings, in 2019, the global market value stood at USD 94.56 billion. The salient features of the report include:

• Holistic evaluation of the market drivers, trends, and restraints;
• Exhaustive assessment of the top market players and their strategies;
• Microscopic dissection of the market segments; and
• Granular analysis of the regional dynamics and opportunities in the market.

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Driving Factor

Promising Emergence of Data Center Startups to Broaden Market Outlook

The steadily spreading presence of data center startup companies is turning out to be a major booster for the data center infrastructure market growth. These startups are constantly innovating and providing novel services and solutions, catering to the niche demands of end-users. For example, Colorado-based Axellio develops and offers hyper-converged infrastructure, micro-data-center services, and micro-cloud solutions through its MicroDataCenter Platform. The company has been providing its products and services to the US Air Force since its inception. Similarly, Texas-based Compass Datacenters has earned fame for its modules comprising edge data-center capabilities, colocation solutions, software-as-a-service (SaaS), and cloud computing technologies. Another example is Aeponyx, a Canada-based enterprise that engineers network-switch chips developed by combining micro-electro-mechanical systems (MEMS) with silicon photonics. In 2019, the company raised CAD 7.9 million in a funding round, which it intends to use to transform data center infrastructure management and lower energy consumption. Several more startups specializing in data centers have spawned in the past few years and their innovations have considerably augmented the potential of this market.

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Regional Insights

Increasing Investments in Digitization of Business Processes to Aid the North America Market

North America is expected to dominate the data center infrastructure market share during the forecast period owing to the rising investments by small & medium enterprises (SMEs) and startup companies in digitizing their business processes. As a result, the adoption of data centers and cloud-based solutions has risen at a prolific rate across private companies in the US and Canada. In 2019, the North America market size stood at USD 35.84 billion.

In Europe, the conversion and up-gradation of old IT infrastructures into new, modern data center systems are propelling the growth of the regional market. On the other hand, the market in Asia Pacific is primarily driven by the rapid adoption of data centers by businesses, especially in India and China, where technological transformation of organizations has witnessed tremendous acceleration over the past decade.

Competitive Landscape

Portfolio Expansion through Acquisitions to be the Marquee Strategy for Key Players

With an eye to speedily diversify and expand offerings, leading companies have been making strategic acquisitions and entrenching their position in the market. Besides this strategy, key players are also regularly launching innovative products to enlarge their market share and further enhance their brand value.

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Industry Developments:

• October 2020:  DartPoints announced that it will be acquiring Ohio-based Metro Data Centers to deepen its footprint in the high-end data center infrastructure domain. The acquisition will also allow DartPoints to advance its development of carrier-neutral edge interconnection points.
• March 2020:  Huawei announced the global launch of Fusion Power 2.0, its Uninterruptable Power Supply system for data centers. The system utilizes battery cells powered by Lithium Ferro Phosphate for reliable energy storage and power supply to cloud data centers.

List of Key Companies Profiled in this Market Report:

• RACKWISE (Denver, United States)
• UnityOneCloud (California, United States)
• Nlyte Software Inc. (New Jersey, United States)
• ABB Ltd (Zürich, Switzerland)
• Eaton Corporation Inc. (Dublin, Ireland)
• Hewlett Packard Enterprise Development LP (California, United States)
• Schneider Electric SE (Rueil-Malmaison, France)
• CommScope Inc. (North Carolina, United States)
• Sunbird Software (New Jersey, United States)
• Huawei Technologies Co., Ltd. (Shenzhen, China)
• Siemens AG (Munich, Germany)
• Vertiv Group Corp. (Columbus, Ohio)
• IBM Corporation (New York, United States)
• Johnson Controls Inc. (Cork, Ireland)

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An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

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