Data center life cycle services market is estimated to exhibit high growth potential during the forecast period owing to increasing popularity of internet of things and growing amount of storage of data generated by cloud computing. 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. Out of which, IT asset disposition offer IT end-of-life services that address the growing emphasis on data security, the proper disposition of e-waste and on remarketing. 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. USD 7 Billion by the end of forecast period with 15% of CAGR during forecast period 2017 to 2023.
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.
The prominent players in the data center life cycle services market are – 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.), Huawei Technologies Co. Ltd. (China), among others.
Market Research 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.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
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