Press release
Datacenters Market : Healthcare Application Segment to Register a Value CAGR of 12.6% Between 2016 and 2024
Datacenters are use in various end use industries such as banking and financial institutions, healthcare, IT & telecommunication, information technology, government and retail industry.
The global datacenter installation & construction market is expected to grow at a CAGR of 11.5% during the forecast period and the global datacenter consulting & integration services market is expected to be valued at US$ 20.34 Bn during the forecast period and is expected to exhibit a CAGR of 12.4%.
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The growing digital transformation through mobile devices, connected technology, and the Internet of Things demands a datacenter ecosystem with a high speed of deployment, flexibility, scalability, security, and availability of data. This digital transformation leads to the development of innovative datacenter infrastructure that serves as highly agile, cost-effective, and software-defined infrastructure.
The datacenter market is undergoing rapid change with a change in focus towards cloud computing, cloud provisioning, cloud migration, cloud-based deployment, and automation. Moreover, companies today are focusing on the inherent benefits of cloud such as scalability, flexibility, and ease of deployment and are allocating resources to public, private, and hybrid cloud environments.
Today, a large number of companies are implementing green and sustainable datacenters to combat increasing energy costs and to ensure compliance with government regulations pertaining to environment protection.
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The growth of hyperscale datacenters with the growth of 3rd platform technologies demands an increased level of computational, data, and networking resources. This requires scaling of the infrastructure beyond the capacity limitation of today’s datacenters by making it more flexible and modular.
The global datacenter market is also divided based on consulting and integration services types. The consulting activities are classified into network design, network design and analysis, security consulting, process management, network analysis, needs assessment, benchmarking, operations assessment.
The integration activities are further classified as project management, installation, test& debug, training & site preparation, change management, custom software development, system configuration and security implementation. The global consulting and integration services market is expected to be valued at US$ 20,342.5 Mn and is expected to grow at a CAGR of 12.4% during the forecast period.
On the basis of installation & construction type, internal datacenter segment is estimated to be valued at US$ 20.37 Bn in 2016, and is projected to decrease approximately 2.8X by the end of 2024, to be valued at US$ 7,192.6 Mn by 2024. The internal datacenter segment is expected to decline at a CAGR of -12.2% during the forecast period. This is attributed to the decline in the localized, midtier and high-end datacenters sub segments during the forecast period.
Some of the top companies functioning in the global datacenter market are Apple Inc., Google Inc., Equinix Inc., Digital Realty, IBM Corporation, Hewlett Packard Enterprise, NTT Communications Corporations, AT&T Inc., Cisco Systems, Inc., and Microsoft Corporation.
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