Increased Reliance On The Virtual Space Is Expected To Have A Momentous Influence On The Growth Of Data Center Market

Fact.MR states the global sales of big data market are expected to surpass US$ 279 Bn by registering a CAGR of 14.3% in the forecast period 2022-2032. Governments across countries, including China, India, the U.S., U.K. and others are increasing digital infrastructure investments for developing robust data centers.

Public-private partnerships are driving digital infrastructure growth at a much faster pace. For instance, the U.K. government announced more than US$ 1 Bn for digital infrastructure development to emerge as digital hub. Data centers are broadly deployed in the IT & telecom and BFSI sectors due to their high-end capabilities of data saving and security. Overall, the global data center market is slated to grow 3.6X over the decade.

Historically, from 2017 to 2021, the sales of big data exceeded US$ 77 Bn by the end of the aforementioned period. Although the onset of COVID-19 pandemic disrupted flow flow chain for various industries but it paved way for technology. As work from home became the new normal, the demand for admistrating and managing work increased. Thus, the sales of big data are expected to grow by leaps and bounds in the upcoming assessment period.

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The trend of green data centers has gained high traction, given the increasing need for cost-effective and energy savings along with enhanced efficiency and sustainability. Largely driven by digitization in every industry, data centers are expected to witness potential growth prospects across mature as well as emerging markets. Market participants are leveraging on the megatrend of digitalization. The prime strategy adopted by market frontrunners is enriching their services through value addition at each node of their offerings.

Key Takeaways from the Market Study

• By consulting, network design expected to hold 25% market share for data centers.
• By type, new data centers are expected to garner US$ 200 Bn market value for data centers.
• Data center industry expected to possess nearly 35% market share throughout North America.
• Data center industry expected to accumulate US$ 11 Bn market value throughout MEA.
• U.S, Japan, China and India are the top four countries driving demand for data center.

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• Value generation from data centers increased at a CAGR of 9.4% from 2017 to 2021.

• The South Asia & Oceania region holds a market value of around US$ 8 Bn, owing to high rate of technology adoption.

• East Asia and Europe contributed significantly to the growth of the data center space, and account for around 17% and 26% market share, respectively.

• Network design and network analysis in consulting hold market shares of 25.4% and 13%, respectively.

• The IT & telecom sector is likely to enjoy a major market share of 31% in data centers by the end of 2032.

Change in Operational Processes and Shortage of IT Staff

Data center network transformation and changing face of technology have necessitated updating and re-organizing operational processes associated with hardware and software. This alteration in operational processes has called for complete up-gradation of the management processes of organizations.

Several organizations have been adopting hyper-scale infrastructure and agile DevOps models that require substantial implementation time, consequently leading to project delays due to process re-engineering. This factor is expected to challenge the growth of the global market for data center companies and its components to some extent over the coming years

"Mounting cloud-based services has boosted development of digital infrastructure, thereby accelerating the need for new data centers across regions," says a Fact.MR analyst.

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Competitive Landscape

• IBM Corporation, a key market player is offering its services to different end user industries by customizing services according to the demand of end users. The company is focusing on providing services that will make work seamless

• IBM Corporation, Google LLC, Equinix, Inc, AT&T Inc, Hewlett Packard Enterprise Co and Honeywell International are prominent data center market players.

Key Segments Covered

· By Type :
o New Data Centers
 Internal Data Centers
 Service Provider Data Centers
o Data Center Rebuild

· By Application :
o Data Centers for IT & Telecom
o Data Centers for BFSI
o Data Centers for Governments
o Data Centers for Healthcare
o Others

· By Consulting :
o Network Design
o Network Design & Planning
o Security Consulting
o Network Analysis
o Benchmarking
o Needs Assessment
o Operation Assessment
o Process Improvement

· By Integration :
o Project Management
o Installation
o Test & Debug
o Custom Software Development
o Security Implementation
o Change Management
o System Configuration
o Training & Site Preparation

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