Press release
Datacenter Installation Market Estimated to Rise at 11.5% CAGR by 2024
According to a Persistence Market Research (PMR) report, the global market for datacenter installation & construction is estimated to value US$ 40.43 Billion by 2016 end. By 2024, the market is further projected to expand to US$ 95.56 Billion.
The macro-economic factors are greatly impacting the growth of internal datacenters. Rapid technology advancements and economic fluctuation demand higher flexibility and enhanced computational solutions, which is resulting in increasing outsourcing of the datacenter. In addition, Increasing demand to reduce intensive capital investment is forcing various enterprises to outsource datacenter activities or services to third party vendors.
Growing digitization is transforming the datacenter infrastructure since traditional datacenter architecture is losing compatibility and cannot handle heavy data volume with a variety of the information exchanged using different devices. Digital transformation that involves connected technology, mobile devices, Internet of Things demands a high-performance datacenter infrastructure with quicker deployment systems, scalability, flexibility, security and availability of data. This, is turn, is leading towards the development of advanced datacenter infrastructure that in cost- effective, software- defined and highly agile.
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The datacenter market is witnessing a swift transition that aimed at cloud provisioning, cloud-based deployment and automation, cloud computing, and cloud migration. Growing amount of digital data content and increased data transfer activities via mobile devices is influencing enterprises to shift toward cloud datacenters. In recent years, companies have been focusing more on benefits such as flexibility, scalability, and easy deployment and allocation of resources to private, public, and hybrid cloud locations. Cloud computing enables access to new architectural locations to datacenter networking, hence, fueling the demand for datacenters and network services.
The installation and construction market is anticipated to expand at over 11% CAGR during the forecast period. This is largely owing to a rise in number of service provider datacenter. The expansion of midtier, localized and mega datacenter globally in stimulating the overall market growth of service provider datacenter. The new datacenter builds segment is also expected to grow at a healthy rate, increasing at a CAGR of over 12% during 2016 to 2024. Whereas, the datacenter rebuilds segment is anticipated to reflect a 6.3% CAGR over the forecast period. By 2024 end, the consulting & integration services market is estimated cross US$ 20, expanding at over 12% CAGR during the forecast period. The rise in consulting activities is largely attributed to the growth of planning and security consulting and network design.
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Based on region, North America is the leading market for datacenter and is expected to account for over 34% share of the global market by 2016 end. In addition, the market in the region is expected to continue its dominance over 2024. North America and Europe are collectively expected to contribute majorly to the overall market growth. In 2016, North America is anticipated to surpass US$ 14 Billion and is expected to reflect 11% CAGR over the forecast period. Whereas, Europe is anticipated to reach US$ 26.40 Billion by 2024. The market in Asia Pacific is also expected to witness a healthy growth over the forecast period. This primarily due to the economical uprising in several countries in Asia Pacific coupled with robust adoption of high-end technology such as data analytics, mobile, and cloud computing, driving the growth of datacenter market in the region.
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Vendor News
Key market players operating in the global market for datacenter include Digital Realty, NTT Communications Corporations, Apple Inc., Cisco Systems, Inc., Google Inc., Hewlett-Packard Enterprise, IBM Corporation, AT&T Inc., Microsoft Corporation, and Equinix Inc.
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To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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