Data Center Infrastructure Support Service Market Drives, Emerging Trends, Key Value And Forecast 2031
The data center infrastructure support service market has been projected to exhibit a CAGR of 12% in the years to come. The revenue generation opportunities in the data center infrastructure support service market are owing to the increasing use of online services around the world.
The data center infrastructure support service market is likely to grow with the growing rate of advancements in the technologies that are based on the cloud. In addition to this, increasing investments by the key players in the data center infrastructure support service market in R & D activities have also been estimated to propel novel growth opportunities in the near future.
Innovations in cloud technology are likely to support the companies in order to improve their efficiency and thus drive expansion impetuses in the data center infrastructure support service market in the forthcoming years.
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The sudden outbreak of the COVID-19 cases around the world is predicted to put a mild impact on the data center infrastructure support service market growth. In order to reduce the spread of the infection, various government organizations have imposed strict lockdown as well as travel restrictions.
Furthermore, the pandemic has also increased the use of online services for shopping and entertainment purposes. The factor has bolstered the use of digital payment services, for example, mobile wallets and net banking, and thus propel growth impetuses in the data center infrastructure support service market.
In recent times, when businesses are getting exceedingly dependent on information technology (IT) for critical applications and achieving their respective business goals, the demand for efficient data centers has risen to ensure efficiency and productivity of IT management. The decision of switching to a cloud-based or virtualized computing environment can be overwhelming for some companies. Therefore, numerous data center infrastructure support service providers are taking efforts to not only make this a smooth transition, but also aid in the process of deciding which systems are best suited for cloud software.
As a company grows and its computing needs evolve, the company might face the dilemma of whether or not to build data center infrastructure. As a result, a number of businesses are entering into partnerships with IT firms with structured approaches. The data center infrastructure support services provided by these firms can significantly reduce the costs of maintenance, investments, and upgrading of IT infrastructure. Over 40% reductions in costs are observed, with some instances exhibiting savings as high as 70%. The account management process is also simplified. Some in-house groups of technicians also ensure the availability, maintenance, and security of mission critical data and applications.
Greater control and enhanced flexibility are some other benefits offered by these services. The data center infrastructure support services allow companies to deploy and redeploy systems in any desired configuration. These services also ensure that companies are free to use post-warranty hardware, further reducing the overall costs. Furthermore, opting for third party data center infrastructure support services extends the lifespan of the existing hardware beyond the OEM-determined life limit. Consequently, the total cost of ownership also declines. Thus, more capital is available for investments in strategic projects, helping companies grow and realize their objectives.
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Global Data Center Infrastructure Support Service Market: Overview
The sheer volume of data generated across organizations around the world is staggering. This has spurred the demand for efficient and advanced data storage solutions, thereby giving impetus to the global data center infrastructure support service market. The proliferation of data centers is happening at a great pace around the world. These data centers have emerged as computational hubs for end users and are fuelling the demand for appropriate infrastructure to support the novel technology of storing critical data.
Since data centers offer the much need support to enterprises in managing business operations, their deployment is likely to surge at an exponential rate. Furthermore, with the advent of green datacenters as advanced repertoires for storage, management, and dissemination of critical information, the demand for data center infrastructure support services is expected to increase in response.
The global data center infrastructure support services market can be segmented based on type of solutions, vertical, size of data center, service, and geography. The report studies the various factors impacting the market's growth across all these segments at length. It also presents insights into the growth drivers encouraging the market's growth and those that could restrain its trajectory.
Global Data Center Infrastructure Support Service Market: Drivers and Restraints
Favorable government policies and reduction in operation cost are the key factors fuelling the demand for advanced data center infrastructure support services. The market is also expected to gain from the increasing demand for green data center solutions, the increasingly diverse services offered by data centers, and the increasing allocation to IT budgets. While the market is expected to profit from the dynamic IT workloads, non-availability of advanced technologies such as the air replacement technology and high cost of maintenance could pose significant threat.
Nevertheless, in the coming years the growth in enterprise virtualization is expected to bolster opportunities for the global data center infrastructure support service market. The proliferation of cloud computing technologies will fuel the demand for data centers subsequently providing momentum to the data center infrastructure support service market. In addition, the innovation of novel technologies are leading significant cost reduction thus fuelling opportunities for the overall market.
Global Data Center Infrastructure Support Service Market: Market Segmentation
By solutions, the global data center infrastructure support service market can be bifurcated into support infrastructure solutions and IT infrastructure service. The IT infrastructure service segment can be further classified into networking, servers, and storage. Meanwhile, security solutions, management software, cooling solutions, uninterruptible power supply (UPS), and rack service constitute the key segments within the segment of support infrastructure services. Based on type of service, the market can be segmented into monitoring services, professional services, and system integration services. In terms of vertical, banking and finance industry, retail sector, healthcare industry, telecommunications industry, and media and entertainment constitute the key market segments.
Global Data Center Infrastructure Support Service Market: Vendor Landscape
Some of the leading players operating in the global data center infrastructure support service market are Schneider Electric SE, Tripp Lite, Rittal GmbH & Co. KG, STULZ GmbH, Raritan Inc., Eaton Corporation Plc, and Emerson Network Power.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry's value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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