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The Comprehensive Perspective on Managed Data Center Services Market Research Report || Microsoft Corporation, Verizon Communications Inc., AT&T Inc., Deutsche Telekom AG
Managed Data Center Services Market
The Business Research Company's Managed Data Center Services Global Market Report 2023 identifies the growing number of data centers is expected to propel the growth of the managed data center services market going forward. A data center refers to a physical space used to store and manage data for various purposes, such as the development of new products and services and the maintenance and repair of existing ones. A managed data center provides full functionality, maintenance, and monitoring regarding the upkeep and health of systems without taking the responsibility of deployment, management, and monitoring. For instance, in August 2021, according to Savills Korea, a Korea-based consulting firm, the total commercial data center IT load in Korea is projected to increase by 700 MW during 2021-2023, representing 15% of the entire Asia-Pacific (APAC) capacity.
The global managed data center services market is expected to grow from $317.39 billion in 2022 to $366.52 billion in 2023 at a compound annual growth rate (CAGR) of 15.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The managed data center services market is expected to reach $643.4 billion in 2027 at a CAGR of 15.1%.
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Major competitors in the managed data center services market are Microsoft Corporation, Verizon Communications Inc., AT&T Inc., Deutsche Telekom AG, Dell Inc., International Business Machines Corporation, Cisco Systems Inc., Orange S.A., Fujitsu Limited, Hewlett Packard Enterprise Development LP, Tata Consultancy Services Ltd.
A key trend in the managed data center services market includes technological advancements. Major companies operating in the managed data center services market are adopting new technologies to sustain their position in the market. For instance, in June 2022, Cisco Umbrella, a US-based company that provides versatile cloud-based security, launched new Secure Access Service Edge (SASE) data centers for security. This system combines firewalls, a secure web gateway (SWG), DNS-layer security, a cloud access security broker (CASB), and threat intelligence into a single cloud service, enabling organizations of all sizes to secure their consumers wherever they operate.
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The managed data center services market is segmented -
1) By Type: Managed Storage, Managed Hosting, Managed Collocation, Other Types
2) By Deployment Type: Cloud, On-Premise
3) By Enterprise Size: Small Enterprises, Medium Enterprises, Large Enterprises
4) By End-user Industry: BFSI (Banking, Financial Services, And Insurance), Energy, Retail, Healthcare, Manufacturing, Other End-User Industries
5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the managed data center services market.
The Business Research Company's "Global Managed Data Center Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Managed Data Center Services Market Include:
1. Executive Summary
2. Managed Data Center Services Market Characteristic
3. Managed Data Center Services Market Trends And Strategies
4. Managed Data Center Services Market - Macro Economic Scenario
5. Managed Data Center Services Market Size And Growth
……………
27. Managed Data Center Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Managed Data Center Services Market
29. Managed Data Center Services Market Future Outlook And Potential Analysis
30. Appendix
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