Press release
Data Center Equipment Market: Opportunity Analysis and Industry Forecast upto 2020
TMR analysts state that the global data center equipment market was worth US$32.15 billion in 2013 and will display a 12.9% CAGR between 2014 and 2020.Digitalization of data across various industry sectors has created unparalleled demand for data storage and data backup facilities. This, along with factors such as the need for security of data and improved efficiency, is driving demand for data centers.
Browse the full Data Center Equipment Market (Servers, Power Distribution Systems, Storage Devices, Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at https://www.transparencymarketresearch.com/data-center-equipment-market.html
Investing in the IT infrastructure of an organization is a key focus of business executives across several industries such as BFSI, healthcare, telecommunications, and pharmaceuticals, among others. The data center sector has proven to be resilient and dynamic, with growing demand for digitalization of data, mushrooming social media, and innovations in cloud computing.
Increased use of cloud services, Big Data, and virtualization in the overall network ecosystem is driving growth of the data center equipment market. Additionally, increasing need for accessing and storing large volume of data is boosting the demand for data center equipment. However, due to the high energy requirement of data center equipment, effective power and cooling infrastructural facility is needed to support the equipment.
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As such, meeting governmental compliances and environmental orders regarding data center cooling systems remains the biggest challenge for most organizations.Data center equipment is widely used across several end-use industries, due to proliferation of digital data and for further effective data management to extract strategic information. Some of the end-use sectors of data equipment include telecommunications, manufacturing, government, healthcare, retail, and business enterprises, among others.
Of all the industry sectors, the telecommunications sector had the highest revenue contribution in the data center equipment market in 2013. This is mainly due to unparalleled online presence and consequent growth in internet-enabled services. Such services have led to the exchange of large amounts of data over the web, which has led to demand for tools that can deliver data integrity, safety, and high standards at data centers.
North America is expected to be the largest market for data center equipment in the coming future. This is due to technological system advancements such as server virtualization, dependence on critical programs for business procedures, and e-discovery, combined with an exponential increase in data generation.
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Europe is also experiencing similar technology advancements, leading to North America and Europe collectively accounting for 49.3% of the global revenue in the global data center equipment market in 2013. Asia Pacific and Rest of the World (RoW) have the largest internet subscriber base and are witnessing fast expansion of internet-based services. For such reasons, the regions will emerge as high-potential markets for data center equipment.
The market has been segmented as follows:
Global Data Center Equipment Market, by Product:
Servers
Power Distribution Systems
Servers
Storage Devices
Others
Global Data Center Equipment Market, by Application:
Banking, Financial Services and Insurance (BFSI)
Telecommunications
Manufacturing
Healthcare
Retail
Manufacturing
Government
Business Enterprises
Others (R&D, educational institutions, media and entertainment)
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
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