The global data center services market is estimated to grow at a significant growth rate of 11.3% during the forecast period. The market growth is attributed to the rise in big data, increasing demand for various end-user verticals, and an increasing trend of outsourcing data centers across the globe. Data centers play an imperative role as most companies and governments rely on them to deliver business value much greater than their costs.
Increasing investments in data center IT infrastructure, including spending on storage, virtualization, servers, networking, and security have assisted in the rise of out-sourcing data centers around the globe. The investments are mainly driven by sturdy growth in server markets in Western European countries and in China. Cloud computing and analytics are expected to drive further investments on large data centers which would possibly contribute to the increased market value of data center services in the near future.
Browse the full report description of "Global Data Center Services Market Size, Share & Trends Analysis Report by Data Center Type (Tier 1, Tier 2, Tier 3, and Tier 4), By Mode of Deployment (On-Premises and Cloud), By Industry Vertical (Banking, Financial Services and Insurance (BFSI), IT & Telecom, Retail, Healthcare, and Others), Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/data-center-services-market
According to a survey conducted by AFCOM (Association for Computer Operations Management) in 2018, companies are prone to invest more in data centers in the next few years. The average number of data centers will increase substantially in the near future, with many companies renovating their data centers. In addition, the space dedicated to the data centers will increase significantly, which is averaged to be 5,000 to 50,000 square feet as of now. These expansions in data centers will make data centers services more attractive in the near future; thereby, expanding the global data center services market size.
Further, the proliferation of IoT and increasing bandwidth-hungry, high-quality content, hassle the service providers increasingly to have a data center of their own. The explosion of data through smartphones, social networking sites, eCommerce companies, and government-initiated projects, have also played an imperative role in increasingthedemand for data centers, which offers a huge prospect to the data center services players. Data centers serve a wide range of sectors and industries from the internet, including manufacturing, government, education, traditional media, commerce, energy, transportation and logistics, finance, medical and health services, and others, which is another factor contributing to the increasing demand for data center services across the globe.
Current Market Trends Covered in the Global Data Center Services Market Report
Global Data Center Services Market Segmentation
By Data Center Type
By Mode of Deployment
By Industry Vertical
Global Data Center Services Market – Segment by Region
North America
Europe
Asia-Pacific
Rest of the World