Data Center Market Global Overview, Top Key Players, Growth Analysis and Segments by Forecast to 2023

Data Center Market
Global Data Center Market, By Type (Corporate data centers, Web hosting data centers), Density (Low, Medium, High, Extreme), and Verticals (Banking & Financial Services, Telecom & IT, Government, Healthcare) – Forecast to 2023

Data Center Market Overview:

Data centers can be considered as a major storage units to store a large amounts of data that is essential for the enterprises. Data centers are comprised of a number of hardware components, electrical components, and networking equipment. These generally include switches, power cables and power distribution units, power supply and backup, routers, optical fiber cables, and cooling equipment. The main purpose of a data center is to help enterprises in storage, transfer, and processing of data stored in large amounts. Although, data centers a huge in construction and require a hefty amount to maintain it, the adoption of data centers is increasing over a fast pace, that helps the enterprises to manage the data, monitor software, and data center facility remotely.

The major factors that drive the Data Center Market is the increasing demand for data storage management, and higher adoption of cloud based services and solutions. However, the market is also restrained by factors such as high cost of initial set-up of data centers, cooling, and its maintenance. The data center market is also expected to experience lucrative opportunities due to adoption of cloud services.

Digital Realty Trust, Inc., one of the leading vendors in data center owns a wider range of solutions such as electrical and cooling systems, data center racks, cages, and suites. The company I largely focused on construction of customized data centers, cages, and suites. Another major player in data center market, IBM Corporation follows a different approach, on outsourcing, middleware services, storage services, and networking services.

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Major Key Players:

The global data center market holds some of the major players like Digital Realty Trust, Inc. (U.S), IBM Corporation (U.S), Hitachi Ltd (Japan), Cisco System, Inc. (U.S), Hewlett-Packard Inc. (U.S), EMC Corporation (U.S), CyrusOne (U.S), Global Switch (U.K), DuPont Fabros Technology (U.S) and Telehouse (U.K) among others are profiled in Market Research Future analysis and are at the forefront of competition in the global data center market. The prominent vendors and new entrants are investing huge capital in research and development to innovate and expand their present product portfolio.

Industry News:

April 18, Huawei Storage pushes hybrid cloud under ‘Data on Demand’ vision. Huawei has introduced storage options with enhanced hybrid capabilities that include various functions such as backup, disaster recovery, and combination and management of data stored in data centers. Huawei aims to provide services capable of meeting requirement of different enterprises in data center construction, advancement in cloud data center platform, and transformation in cloud.

April 18, Juniper multi-cloud management software targets enterprise data centers. Contrail Enterprise is using Juniper’s Multi-cloud management software to provide data center management to monitor end-to-end policies and a capability for control of workload across different networking environments and deployment of servers. In addition to this, Juniper is also offering software defined networking over traditional networking infrastructure.

March 18, China Mobile taps Nokia for data center platform. The company has selected Nokia’s Virtualized Services Platform to engage in its public and private enterprise cloud services.

Data Center Global Market Segmentation:

On the basis of type, the market is segmented into corporate data centers and web hosting data centers.

On the basis of density, the market is segmented into low, medium, high, and extreme.

On the basis of industry vertical, the market is segmented into banking & financial services, telecom and IT, government, healthcare, and others.

On the basis of region: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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Data Center Market Regional Analysis:

The global data center market is studied for regions like Asia Pacific, North America, Europe, and rest of the world. Among the regions, the North America is estimated to account for the largest share of the market, whereas Asia Pacific is projected to grow at the fastest rate during the forecast period. North America has the most number of data centers active, either on collocation, or fully-owned The North American market growth is also due to factors such as growing investments in data centers and increasing adoption of cloud services.

North American region holds the largest share followed by Europe, and Asia Pacific. The U.S. and Canada are the major countries helping in dominating the North American market due to presence of most number of data centers and cloud servers, and rising technological enhancements. North America also has a well-established infrastructure to support data centers, allowing the enterprises for fast implementation of advanced cooling solutions, and data center technology.

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