Data Center Life Cycle Services Market 2023 – Technology, Market Size, Factors & Players, Sales Revenue, Grow Pricing and Industry Growth Analysis (SARS-CoV-2, Covid-19 Analysis)
The data center life cycle services market is growing rapidly over 15% of CAGR and is expected to reach at approx. USD 7 billion by the end of forecast period.
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In this rapidly changing world of technology, data center life cycle services market is projected to show major growth prospects during the forecast period. Exponential growth in the amount of data consumed by various industries, individuals, and organizations is the major factor driving the growth of data center life cycle services market.
s compared to other regions, the data center life cycle services market in North America is expected to witness significant growth during the forecast period. U.S and Canada are anticipated to drive the growth of data center life cycle services market. This is owing to the presence of large number of cloud based data centers and technical advancements in that region. In addition to this the region also has a well-established infrastructure which allows higher penetration of devices which ultimately provides high speed connectivity and is expected to be a major factor for the growth of data center life cycle services market.
Data center life cycle services market is estimated to exhibit high growth potential during the forecast period owing to increasing popularity of internet of things and growing amount of storage of data generated by cloud computing. Increasing number of data centers and requirements for improved inventory and assets management, are driving the growth of data center life cycle services market.
Data center life cycle services market is segmented on the basis of component, deployment, data center type, service and vertical. The service segment is further bifurcated into managed services, cloud services, professional services, IT asset disposition services, integrated services and others. Out of which, IT asset disposition offer IT end-of-life services that address the growing emphasis on data security, the proper disposition of e-waste and on remarketing. These services include on-site data erasure, asset disposal and asset remarketing.
Managed services help lower total cost of ownership and increase flexibility by providing colocation, managed hosting, disaster recovery and remote monitoring. This ultimately offers cost efficiency and provides better asset management.
Major factors restraining the growth of data center life cycle services market are the lack of awareness about the importance of data center services and the flexibility it offers. Other factors restraining the growth are the resource challenges, realigning staff expertise and managing portability which could cause hindrance in the growth of data center life cycle services market.
Data center life cycle services Market Segmentation
The data center life cycle services market has been segmented on the basis of component, deployment, data center type, service and vertical. The deployment segment is further bifurcated into on-premise and cloud deployment. Out of which, cloud deployment is most preferred one, owing to the cost efficiency and flexibility being offered.
Market Research Future (MRFR) recognizes the following companies as the key players in the data center life cycle services market – Schneider Electric (France), HP (U.S.), IBM Corporation (U.S.), Vertiv (U.S.), Nlyte Software (U.S.), Optimum Path, Inc. (U.S.), Raritan (U.S.), CA Technologies (U.S.), FieldView Solutions, Inc. (U.S.) and Huawei Technologies Co. Ltd. (China) among others.
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