Data Center Life Cycle Services Market Research Report- Forecast till 2027
Market Highlights
The change in the way the distribution of data takes place within an enterprise is estimate to define the data center life cycle services market 2020. The networking and telecommunications reports are made by Market Research Future, which includes market options for progress. A USD 7 Billion income level by 2023 is estimated to be attained at a 15 % CAGR in the forecast period.
The primary focus of businesses on lessening of costs by reducing physical checks of servers is estimated to bolster the data center life cycle services market trends in the upcoming period.
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Segmentation:
The segmental study of the data center life cycle services market is carried out on the basis of component, deployment, data center type and service. Based on the vertical, of the data center life cycle services market is segmented into manufacturing, IT & telecommunication, healthcare, media & entertainment, BFSI, government and others. On the component basis, the market is segmented into hardware and software. Based on service, the data center life cycle services market is segmented into integration services, cloud services, professional services, it asset disposition services, managed services. Based on the deployment, the data center life cycle services market is segmented into on-premise and cloud. On the basis of data center type, the data center life cycle services market is segmented into enterprise data center, mid-size data center and large data center.
Detailed Regional Analysis
The regional investigation of the data center life cycle services market, includes Europe, North America, Asia Pacific and other important regional markets. The Asia Pacific data center life cycle services market is likely to contribute due to growing demand for cloud based and cost-efficient facilities in countries such as Japan, China and India. The North American regional market is shadowed by the European region in terms of market portion and development rate in the data center life cycle services market. Through the European region, the incidence of innovative set-up with the growing implementation of technology and advancements in several countries is estimated to be propelling the data center life cycle services market development. The small & medium enterprises market in the European region are contributing in a major way for a greater share of income in the data center life cycle services market globally.
Competitive Analysis
The economic deceleration is projected to carry the continuation of the effects seen these days commonly. The transformation in the supply chain has to be strongly encouraged, so as to see positive effects with regards to market progress. The support from government bodies is estimated to promote further the long term expansion of the market in the upcoming period. The consumer trends that are of special concern to demand are predicted to take time to stabilize in the aftermath of the current global pandemic. The global market is estimated to be piloted by the forces of supply and demand that have taken over control. The contenders functioning in the market are predicted to take necessary steps to safeguard their commercial interests in the period ahead. The investments related to marketing and R & D are foreseen to be staggered seeing the current economic climate. However, the market is predicted to be hindered to an extent by the restrictions in international trade due to the pandemic.
The well-known companies in data center life cycle services market are CA Technologies (U.S.), HP (U.S.), IBM Corporation (U.S.), Raritan (U.S.), Vertiv (U.S.), Nlyte Software (U.S.), Optimum Path, Inc. (U.S.), Schneider Electric (France), FieldView Solutions, Inc. (U.S.) and Huawei Technologies Co. Ltd. (China), among others.
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Data Center Life Cycle Services Market, By Component (Hardware, Software), By Deployment, By Data Center Type (Mid-Size Data Center, Enterprise Data Center, Large Data Center), By Service and By Vertical - Forecast 2027
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Data Center Life Cycle Services Market TrendsThe Global Market of Data Center Life Cycle Services is growing rapidly mainly due to the efficient order fulfilment and also helps to reduce labour cost for material storage and retrieval.According to a recent study report published by the Market Research Future, The global market of Data Center Life Cycle Services is booming and expected to gain prominence over the forecast period.
The global Data Center Life Cycle Services Market is anticipated to accrete to USD ~7 Billion by 2023, at a striking double digit CAGR of ~15 % between 2017 and 2023.Data Center Life Cycle Services support cost minimization by eliminating manual checks of servers and other data center assets.
This factor drives the growth of the market majorly.
It also provides increased efficiency and productivity, and decreased human efforts.
In order to minimize the cost associated with the operations of data centres and to maximize profits, various organizations are developing more scalable and efficient data center management solutions.
Moreover, increasing number of data centers and requirements for improved inventory and assets management, are driving the growth of data center life cycle services market.Businesses need a complete service solution to optimize their data center from planning to operations, regardless of location.
Data Center Life Cycle Services MarketIn this rapidly changing world of technology, data center life cycle services market is projected to show major growth prospects during the forecast period.
Exponential growth in the amount of data consumed by various industries, individuals, and organizations is the major factor driving the growth of data center life cycle services market.As compared to other regions, the data center life cycle services market in North America is expected to witness significant growth during the forecast period.
This is owing to the presence of large number of cloud based data centers and technical advancements in that region.
In addition to this the region also has a well-established infrastructure which allows higher penetration of devices which ultimately provides high speed connectivity and is expected to be a major factor for the growth of data center life cycle services market.The data center life cycle services market is growing rapidly over 15% of CAGR and is expected to reach at approx.
USD 7 billion by the end of forecast period.Market Research Future (MRFR) recognizes the following companies as the key players in the data center life cycle services market — Schneider Electric (France), HP (U.S.), IBM Corporation (U.S.), Vertiv (U.S.), Nlyte Software (U.S.), Optimum Path, Inc. (U.S.), Raritan (U.S.), CA Technologies (U.S.), FieldView Solutions, Inc. (U.S.) and Huawei Technologies Co. Ltd. (China) among others.Data center life cycle services Market SegmentationThe data center life cycle services market has been segmented on the basis of component, deployment, data center type, service and vertical.
The choice of data center depends on the downtime a business will be able to withstand.
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It provides readers with clear market research to help them make better judgments and decisions about whether or not to invest.The research provides an in-depth study of the most prominent players who are projected to contribute to the growth of the Data Center Security throughout the forecast period, as well as an analysis of the future dynamics.The market report also provides an accurate assessment of the company strategies and business models that firms use to stay competitive and lead in the industry.
Mergers and acquisitions, partnerships, and collaborations are some of the most essential moves firms are taking to increase their regional and global reach.Furthermore, the players are releasing a new line of items to diversify their portfolio by incorporating cutting-edge technology into their operations.COVID-19 impact: The study has been updated to include the consequences of the current COVID-19 pandemic.
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