Service Market for Data Center Size, Trends, Share, Major Players – Global Forecast to 2022
Global Service Market for data center Industry size is estimated to grow from $39.68 billion in 2017 to $77.51billion by 2022, at a CAGR of 14.33%. The tier 4 type is estimated to grow with the largest market size Led by North America region
Pune, India – April 4, 2017 /MarketersMedia/ —
The Global Service Market for Data Center Market size is estimated to grow from USD 39.68 billion in 2017 to USD 77.51billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.33%. There is an increasing need for reducing CAPEX spent on commissioning mission-critical data center facilities. Data center services provide the required feasibility consulting and cost estimation required for setting up new data centers as well as aid in improving their Return on Investment (ROI).This acts as one of the drivers for the service market for data center. However, increase in demand for third-party data center services including vendor specific in-house data center services, may hinder
end-users to adopt these solutions.
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The service market for data center services includes design &consulting, installation& deployment, professional services, training & development, and maintenance &support services, in which the training and development services market grow at the highest CAGR during the forecast period. Training and development services segment provides information about the usage of the data center equipment and generates awareness about data center standards and good practices for data centers, which are further driving the market.
The tier 4 type is estimated to grow with the largest market size. They provide additional functionality over the tier 3 and other data center types and have an up-time of 99.995%, which contributes to the higher adoption that in turn results in higher market size. These types of data centers are fault tolerant and majorly operated by large enterprises.
North America has captured the largest market share in 2017, and the trend is expected to continue in the coming years. This region is growing, owing to the presence of a large number of data centers and has witnessed rapid adoption due to the availability of comprehensive solutions. On the other hand, the APAC’s service market for data center solutions are expected to witness exponential growth and projected to be the fastest-growing region for the global service market for data center. This is mainly attributed to the increasing data center traffic in countries such as China, Japan, South Korea, Australia, and Hong Kong.
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In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people. The break-up of profiles of primary participants is given below:
• By Company Type: Tier 1:40%, Tier 2: 20%, and Tier 3:40%
• By Designation: C level:50%, Director level:25%, and Others:25%
• By Region: North America:33%, Europe:50%, APAC:17%
The various key vendors profiled in the report are as follows:
• Hewlett Packard Enterprise Company (U.S.)
• International Business Machines Corporation (U.S.)
• Schneider Electric SE(France)
• Cisco Systems, Inc. (U.S.)
• Dell Inc. (U.S.)
• Fujitsu Ltd. (Japan)
• Vertiv Co. (U.S.)
• Hitachi, Ltd.(Japan)
• Equinix, Inc. (U.S.)
• Huawei Technologies Co. Ltd. (China)
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