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Data Center Services Market Size, Share, Trends And Global Forecast 2023-2032
Data Center Services Market Report
Data Center Services Market Size, Growth Rate, And Forecast:
The global data center services market size grew from $59.53 billion in 2022 to $67.51 billion in 2023 at a compound annual growth rate (CAGR) of 13.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The data center services market size is expected to grow to $116.43 billion in 2027 at a CAGR of 14.6%.
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Data Center Services Market Drivers:
The growing adoption of digitalization is expected to be a significant driver for the growth of the data center services market. The adoption of digitalization is increasing due to the need for increased productivity, lowering operational costs, enabling faster decision-making, increasing efficiency, technological advancements, push towards digitalization from stakeholders, and others. The increasing adoption of digitalization will generate a huge amount of data that needs to be stored, driving the need for data centers. This need for data centers will create a huge demand for data center services to set up, manage, and operate data centers.
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Data Center Services Market Segments
•By Services: Installation And Integration Services, Training Services, Consulting Services, Maintenance And Support, Other Services
•By Type: Small Data Centers, Medium Data Centers, Large Data Centers
•By Type Of Service: Infrastructure, Cloud And Hosting, Networks, Virtualization, Other Types Of Services
•By Application: BFSI, Colocation, Energy, Government, Healthcare, IT And Telecom, Manufacturing, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the data center services market.
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Data Center Services Market Key Players:
Major competitors in the data center services market include IBM Corporation, Hewlett Packard Enterprise Limited, Fujitsu Ltd., Huawei Technologies Co Ltd., Cisco Systems Inc., Dell Inc., Vertiv Co, Equinix Inc., Schneider Electric SE, Hitachi Ltd., Sify Technologies Ltd., NTT Communications, ABB Ltd., Dataspan, Eaton Corporation, Siemens AG, HCL Technologies Ltd., Workspace Technology Limited, Megahertz Infotech, Reliance Group, Capgemini SE, PTS Data Center Solutions Inc., Atlantix Global Systems, Nokia Corporation, Larsen & Toubro Infotech and Arrow Electronics.
The Business Research Company's "Global Data Center Services Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Data Center Services Market Include:
1. Executive Summary
2. Data Center Services Market Characteristics
3. Data Center Services Market Trends And Strategies
4. Data Center Services Market - Macro Economic Scenario
5. Data Center Services Market Size And Growth
....
26. Africa Data Center Services Market
27. Data Center Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Data Center Services Market
29. Data Center Services Market Future Outlook and Potential Analysis
30. Appendix
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