Data Center Life Cycle Services Market
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.
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. U.S and Canada are anticipated to drive the growth of data center life cycle services market. 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 Segmentation
The data center life cycle services market has been segmented on the basis of component, deployment, data center type, service and vertical. The deployment segment is further bifurcated into on-premise and cloud deployment. Out of which, cloud deployment is most preferred one, owing to the cost efficiency and flexibility being offered.
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
Data center life cycle services market can be segmented on the basis of component, deployment, data center type, service and vertical. The data center type segment comprises of mid-size data center, enterprise data center and large data center. The choice of data center depends on the downtime a business will be able to withstand. The cloud deployment shows great potentials as it simplifies the management of multi-data centers, during the forecast period. Various specialized services are offered by a data center namely, asset management, network connectivity management, environment management, energy management, change management and capacity management. These services provide processing, storage, networking, management and the distribution of data within an enterprise. They can be either services provided to a data center or services provided from a data center.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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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 2023Data 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.
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.
Increasing number of data centers and requirements for improved inventory and assets management, are driving the growth of data center life cycle services market.Data center life cycle services market is segmented on the basis of component, deployment, data center type, service and vertical.
The service segment is further bifurcated into managed services, cloud services, professional services, IT asset disposition services, integrated services and others.
These services include on-site data erasure, asset disposal and asset remarketing.Managed services help lower total cost of ownership and increase flexibility by providing colocation, managed hosting, disaster recovery and remote monitoring.
This ultimately offers cost efficiency and provides better asset management.Major factors restraining the growth of data center life cycle services market are the lack of awareness about the importance of data center services and the flexibility it offers.
Other factors restraining the growth are the resource challenges, realigning staff expertise and managing portability which could cause hindrance in the growth of data center life cycle services market.According to Market Research Future Analysis, data center life cycle services market has been valued at approx.
The deployment segment is further bifurcated into on-premise and cloud deployment.
