Growth at a CAGR of 13.69% in the Data Center Services Market over the forecast period (2018 - 2023)| Dominant Players - FUJITSU LTD, RELIANCE GROUP, CAPGEMINI, NOKIA, IBM CORPORATION, CISCO SYSTEMS INC., HP ENTERPRISE COMPANY, HITACHI LTD, EQUINIX INC.,

Market Analysis:

Asia-Pacific to Witness the Highest Growth
India is one of the fastest-growing economies in the world and it is likely to boost the growth of public cloud-based data centers. IT industry dominates the market as the largest private sector employer in the country where data centers are widely used, thereby, propelling the market growth.

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Data center services are offered in the form of supporting components for the smooth functioning of data storage and management. Data centers are the combination of hardware and software, wherein regular maintenance and service are required for the uninterrupted flow of data management. The various services can be offered as a package or separately, including installation & maintenance, archive & backup, managed load balancing, outsourcing, backing-up power system, and power distribution. The increasing investment in data centers across the globe is expected to have a positive impact on the market growth over the forecast period. Furthermore, the demand for quality management in infrastructure and new technological innovations in the field of data storage and transfer is likely to propel the data center services market growth. Tier 4 data center type is estimated to have the highest market share, owing to its high availability as compared to the others.

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Market Segments:
Data Center Services Market is segmented by:
1. Service Type: Infrastructure, Cloud and Hosting, Networks, Consulting, Virtualization, Others
2. Data Center Type: Tier 1, Tier 2, Tier 3, Tier 4
3. Deployment Mode: On-premise, Cloud
4. End-user Vertical: BFSI, Healthcare, Retail, Manufacturing, IT and Telecom, Others
5. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• February 2018 - Equinix, Inc. announced the acquisition of Infomart Dallas for USD 800 million which is expected to enlarge their product portfolio and global presence.
• February 2018 - vXchnge Operating LLC, a data center service offering company, launched channel partner program which is projected to increase the procurement of new deals, thereby, profiting the company.
• February 2018 - Oracle Corporation announced the investment in over 12 data centers across the globe which is expected to increase their global footprint and gain high market share.

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