Data Center Equipment Market Set for Continued Growth With Digi International, Emulex Corp., Cisco Systems, Inc., Brocade Communication Systems, Inc., F5 Networks, Schneider Electric, NEC Corp., Meru Networks, Hewlett-Packard
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Increasing virtual servers’ use by the enterprises and individuals is a substantial factor driving the industry growth. Virtual servers can resolve inadequacy in power utilization issues, thus boosting the industry growth. Many businessorganizations are dependent on these devices owing to their reduced operational cost and increased productivity benefits. Growing adoption of big data and cloud services for business and private applications will support the industry growth over the forecast timeline. Further, the growing concern for safe information storage and backup is augmenting the demand for the smart devices.
Improvements in current photovoltaic solar panels, as well as the introduction of advanced photovoltaic technologies, are anticipated to improve the device’s frequency in future. In addition, the provision of government incentives for renewable energy generation will increase the acceptance of green data centers. The adoption of modern technologies will make these information centers more virtual, greener, and converged with the cloud. Such changes will help the end users in minimizing the operational cost, lowering the physical space and capital requirement, and thereby driving the growth of data center equipment market during the forecast period. Moreover, the introduction of software-defined data centers will provide significant growth opportunities to the market in the coming years.
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By product, the data center equipment market is segmented into servers, power distribution systems, and network equipment. Servers are expected to have the highest market share among the product segment followed by the networking equipment. The demand for servers is increasing owing to the requirement for centralized information storage by the organizations for efficient and smooth operations.
Government, retail, manufacturing, healthcare, banking, telecommunications, and BFSI are the application areas for the data center equipment market. The telecommunication is expected to lead the application segment owing to the growing internet-enabled service applications. Telecommunication sector has a huge requirement of smart devices, which can handle the massive amount of information with integrity, high standards, and safety in IT fields as it produces huge information in the form of large customer database, call records, and sales.
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Currently, many companies are providing advanced products according to the consumer needs. Some of the key players in the data center equipment include Digi International, Emulex Corp., Cisco Systems, Inc., Brocade Communication Systems, Inc., F5 Networks, Schneider Electric, NEC Corp., Meru Networks, Hewlett-Packard, and Alcatel-Lucent.
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