Data Center Life Cycle Services Industry Competition, Growth Prediction, Industry Trends, Upcoming Trends and Opportunity Assessment | Coronavirus Effects
Market Highlights
In 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.
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 global data center life cycle services market, by geography, has
been segmented into North America, Europe, Asia Pacific and Others. In the
global data center life cycle services market, Asia Pacific is anticipated to
witness relatively faster adoption and hence is expected to grow at the highest
CAGR during the forecast period. Within Asia Pacific, data center life cycle
services market is projected to contribute faster to the growth of revenue
backed by increasing demand for cloud based and cost-efficient services in
countries such as Japan, China and India.
Across Europe, countries including Germany, France and the U.K. are
anticipated to drive the growth of data center life cycle services market. In
Europe, the presence of advanced infrastructure with the increasing adoption of
technology and technological advancements in numerous countries is driving the
market growth of data center life cycle services market. The small and medium
enterprises market in Europe region contributed for larger share of revenue of
data center life cycle services market. North America is followed by Europe in
terms of market share and growth rate in data center life cycle services
market.
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 2023
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