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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