Datacenter Deployment Spending Market To Garner Remarkable CAGR Of 13.5%, Thanks To IoT, Big Data, And Cloud Technology

The global datacenter deployment spending market features a competitive and consolidated landscape, thanks to a large number of established players in the market. The market landscape is undergoing an uncertain path driven by innovation and influx of large investments, reports Transparency Market Research (TMR). The market also offers opportunities for new players to redefine competition by changing the course of technological advancements, adds TMR. Some key companies operating in the global datacenter deployment spending market are AT&T, Google Inc., Equinix, Microsoft, NTT Communication Corporation, HP Company, IBM, Digital Reality, and Cisco Systems.

The global datacenter deployment spending market players are expected to greet rising trends such as edge data centers, hyper convergence of technologies, and artificial intelligence with open arms. Energy efficiency is expected to emerge as a major challenge for end-users. Hence, key players in the market such as Google are already focused on finding ways to meet the demands for energy efficiency to lower costs.

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TMR reports that the global datacenter deployment spending market was evaluated at US$44,346.7 mn in 2017. It is expected to reach US$83,650.5 mn by 2022 end, thanks to a remarkable CAGR of 13.5% during 2017-2022. On the basis of end-buyers, the market is expected to witness maximum traction in service provider segment. It accounted for 52.6% revenue share earlier, and is expected to reach 57.3% by 2022 end. It will likely reach US$47,897.3 mn in evaluation by 2022 end. The global datacenter deployment spending market is expected to witness highest growth in the North America region, which will likely reach US$29,389.7 mn by 2022 by the end of 2022.

IoT and Big data Secure a Bright Future

Globally, trends such as big data and IoT (Internet of Things) are gripping innovation. Additionally, positive adoption by governments through smart infrastructure initiatives are expected to drive the growth further. Moreover, applications of big data analytics and Iot promise far reaching opportunities. For example, big data and analytics promise various medical breakthroughs in the medical field, which are expected to save numerous lives and aid the creation of new drugs. Moreover, this development would be nearly impossible without a supporting architecture guided by datacenters. Rise in IoT applications and promising revenue generation opportunities through big data due to cloud technology are expected to drive growth of the datacenter deployment spending market in the near future.

On the other hand, large investments poses a challenge to growth of the datacenter deployment spending market. However, most major players in the datacenter deployment spending market are aware of the risks associated with it and see these opportunities as a next-generation frontier, which is essential to invest in. this is expected to provide a major boost to the datacenter deployment spending market during the forecast period.

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Mushrooming SMEs Drive Growth in North America

Region wise, the global datacenter deployment spending market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. At the beginning of the forecast period, North America region occupied the largest share of the global market revenues. It reached an evaluation of US$16,182.8 mn in 2017. Additionally, the region is witnessing a strong emergence of many small and medium sized enterprises. A positive adoption to innovation, large base of research institutes, and establishment of large vendors in the region are expected to drive this growth further in the near future. The region is expected to register a noteworthy 12.7% CAGR during the forecast period. The datacenter deployment spending market in North America will likely reach an evaluation of US$29,389.7 mn by 2022 end. European market is also expected to witness remarkable growth and rise at 13.3% during 2017-2022. It will likely reach US$ 22,353.8 mn by 2022.

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