Press release
Data Center Services Market : Eminent Players – IBM Corporation, Cisco Systems, Inc., Schneider Electric SE, Dell, Inc., Equinix Inc., Huawei Technologies Co., Ltd., Fujitsu Ltd., HCL Technologies Ltd., and Hewlett Packard Enterprise Company
Data Center Services Market
Increasing penetration of digital services across various industry verticals has instigated the need for efficient storage, network and computing management which has impelled the establishment of data centers and adoption of related services to a great extent.
For instance, in 2020, Japan based technology services firm NTT announced the establishment of a new data center in London becoming the seventh one in the UK.
Amidst the recent COVID-19 crisis, several IT services firms are laying emphasis on digital services, such as video conferencing and video-on-demand which is complementing the deployment of data center solutions further. This is estimated to provide massive momentum to overall market over the foreseeable future.
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According to Global Market Insights, Inc., data center services market size is estimated to surpass USD 25 billion by 2027.
How are the strategic initiatives by key players contributing to data center services market trends?
On account of increasing demand for data center services globally, major industry players are making consistent efforts to develop advanced solutions to effectively cater to rising consumer demand.
Quoting an instance, in 2020, Dell Inc. launched a series of novel hardware and software solutions to help businesses develop and manage edge data centers, analyze data from cramped, rugged or remote areas for edge computing. Such technological advancements will positively impact the business space in the future.
Why is Middle East and Africa emerging as a lucrative hub for data center services market?
Data center services are in huge demand across MEA countries on account of expanding data center construction projects in the region. Government bodies in various countries such as the UAE and Saudi Arabia are promoting the adoption of digital technologies and solutions for economic growth. This in turn is opening new growth opportunities to expand their presence in the region.
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Citing an instance, in 2020, UAE-based telecom company Du announced its plans to launch two new data centers in the country during the first quarter of 2021. Such developments in data center infrastructure are positively influencing the demand for advanced data center managed services to ensure optimum data center functioning and deployment.
How will the increasing adoption of maintenance & support services propel data center services market growth?
With considerable expansion of networking facilities in data centers, demand for effective maintenance and support services for minimizing system downtime has increased enormously. As lack of proper and timely maintenance can damage the data center hardware, leading to huge financial losses, datacenter maintenance & support services find extensive application in this regard as they deliver a full range of planned preventative maintenance, technical support services like remote monitoring and energy optimization. Taking the significance of these services into consideration, various prominent players are focusing on providing high-end services to gain a competitive edge in the market. For instance, Data Center Resources (DCR) offers data center design and installation services, enabling enterprises to complete critical projects in time.
Why is small & medium enterprises segment registering substantial gains across data center services market?
Significant rise in the number of SMEs worldwide has played a key role in accelerating the demand for small data centers capable of effectively serving customized requirements of small businesses. These enterprises require fewer data center spaces due to restricted IT requirements and budgetary constraints. In addition, small data center authorities require customized installation services that help in establishing data centers in minimum space. These enterprises also demand integration services that facilitate seamless integration of new tools and components to existing infrastructures.
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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