Press release
Asia pacific Data Center Infrastructure Market is Expected to Record CAGR of 14% By 2024
Data Center Infrastructure Market
Data Center Infrastructure market is expected to exceed USD 90 billion by 2024. The growth can be attributed to the rising trend of cloud computing and virtualization. The rise in the demand for cloud storage has resulted in a global increase in the number of data centers. The growing reliance of end users on online transactions has led to a fast rise in the amount of data generated, driving the data center infrastructure market.
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The increasing adoption of IoT, cloud, and big data analytics along with the increasing consumption of online audio and video content is driving the data center infrastructure market growth in North America. There is a rise in the number of users switching to streaming video OTT, leading to a rise in the movement toward video-on-demand solutions and services. Netflix is dominating the streaming services in the U.S. The U.S. is witnessing a fast growth in the number of Youtube, Hulu, Netflix, and Amazon users. With the increase in cloud and online activity, OTT providers are utilizing these facilities for the delivery, storage, encoding, and decoding of video content through broadcast, cable or telecom networks, thereby providing an impetus to the data center infrastructure industry growth.
Colocation providers operating in the data center infrastructure market are offering enhanced maintenance and services to businesses to maximize their productivity, which enables enterprises to focus on their core business with efficient data management. The requirement for exclusively-owned infrastructure has reduced owing to the growing trend of cloud adoption. Moreover, with the increasing amount of data, the expansion of existing facilities takes up plenty of space on the premises. Several companies are focusing on reducing the capital and operational expenditure by outsourcing their data storage needs to colocation providers, thereby driving the colocation data center infrastructure industry growth.
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Major players operating in the data center infrastructure market include Vertiv Group Corporation, Schneider Electric S.E., Eaton Corporation PLC, Rittal GmbH & Co., KG, Panduit Corporation, Degree Controls, Inc., ClimateWorx International, Black Box Corporation, Asetek, and Airedale International Air Conditioning Ltd., among others. Manufacturers operating in the data center infrastructure market are focusing on launching new solutions and expanding their distributor network across the globe. They are signing product development contracts for launching new products. Companies, such as Rittal and Schneider Electric, are stressing on the manufacturing of innovative solutions, to serve a wider area.
Some Point from Table of Contents:
Chapter 4 Data Center Infrastructure Market, By Product
4.1 Data center infrastructure market share, by product, 2017 & 2024
4.2 Cooling
4.2.1 Market estimates and forecast, 2013 – 2024
4.2.2 Market estimates and forecast, by region, 2013 - 2024
4.3 Power
4.3.1 Market estimates and forecast, 2013 – 2024
4.3.2 Market estimates and forecast, by region, 2013 - 2024
4.3.3 UPS
4.3.3.1 Market estimates and forecast, 2013 – 2024
4.3.3.2 Market estimates and forecast, by region, 2013 - 2024
4.4 IT racks & enclosures
4.4.1 Market estimates and forecast, 2013 – 2024
4.4.2 Market estimates and forecast, by region, 2013 - 2024
4.5 LV/MV distribution
4.5.1 Market estimates and forecast, 2013 – 2024
4.5.2 Market estimates and forecast, by region, 2013 - 2024
4.6 Networking equipment
4.6.1 Market estimates and forecast, 2013 – 2024
4.6.2 Market estimates and forecast, by region, 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/data-center-infrastructure-market
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