Data Center Infrastructure Market size to cross $90bn by 2024: Global Market Insights, Inc.
May 17, 2018 --
Data Center Infrastructure Market Size By Application, By Component, By Product, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, France, Spain, Poland, Benelux, China, India, Japan, Singapore, Australia, Indonesia, Brazil, Colombia, Venezuela, Bolivia, Chile, Peru, Argentina, GCC, South Africa, Morocco), Growth Potential, Competitive Market Share & Forecasts to 2024
Sellbyville, Delaware, May 17, 2018 (GLOBE NEWSWIRE) --
Data Center Infrastructure Market is expected to surpass USD 90 billion by 2024; according to a new research report by Global Market Insights, Inc. Rising digitalization and the demand for online services are making it vital for the operators to store and efficiently manage the data generated, which is expected to offer an impetus to the data center infrastructure market growth.
Government initiatives aiding SME growth and the rapid increase in the organizational data are fueling the growth of data centers. This is causing a rise in the expenditure on infrastructure technologies such as cooling, power, and networking, among others. New and advanced technologies, such as evaporative and free cooling and facilities equipped with AI, also aid in augmenting the overall efficiency of the facilities, thereby driving the data center infrastructure market growth.
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The data center infrastructure market is witnessing new advancements in power and cooling solutions. The implementation of technologies, such as grid computing and cloud computing in facilities, is expected to boost the data center infrastructure market growth. The use of technological solutions, such as analytics and cloud, has compelled organizations to focus on these facilities to store information. Companies are launching new and innovative solutions to expand their market presence. For instance, in January 2018, Cisco Networking, Computing, and Security Technology were selected by Ameritas, an insurance company, for upgrading its infrastructure to improve the operational efficiency and agility.
Increasing number of facilities across the globe coupled with the rising demand for data storage, management, and backup is expected to fuel the demand for networking equipment in the data center infrastructure market. Networking equipment includes Ethernet switches, WAN, SD-WAN, and application delivery controllers. Growing complexity in the management of enormous data volume generated by enterprises is compelling the adoption of new infrastructure allowing security, visibility, and automation of data. Networking equipment forms a crucial part of the infrastructure. The equipment enables a strong connection between data center nodes and the equipment to ensure that they can transfer and communicate data.
Colocation data center infrastructure market is gaining popularity among organizations to reduce the expenses associated with maintaining and building facilities. Colocation facilities accounted for over USD 10 billion in 2017, provide end users server security, storage, cooling, power, and networking equipment. Constructing a new facility drains the company’s money, time, and labor owing to which the colocation market is witnessing a growing demand. Colocation vendors are providing improved maintenance and services to businesses to maximize their productivity, which is enabling enterprises to focus on their core business with efficient data management.
Browse key industry insights spread across 340 pages with 327 market data tables & 54 figures & charts from this 2018 report Data Center Infrastructure Market in detail along with the table of contents:
Rising investments by various business and companies across the Nordic region coupled with growing number of the facilities are anticipated to drive the Europe data center infrastructure market to reach over USD 30 billion by 2024. Current technological developments such as Industry 4.0, big data, and cloud computing are the major drivers of the Germany data center infrastructure market. Increasing number of manufacturers is stressing on replacing human labor by automation. The incorporation of IoT and rise in the number of connected devices are contributing to the exponential rise in the data. Germany being a highly developed industrial sector, the country possesses a modern infrastructure and manufacturing & industrial sectors. Several manufacturing companies are stressing the need for enhanced facilities for their businesses, thereby driving the data center infrastructure market growth.
Key companies in the data center infrastructure market comprise Vertiv Group Corporation, Submer Technologies Sl., Schneider Electric S.E., Rittal GmbH & Co., KG, Panduit Corporation, Eaton Corporation PLC, Dell, Inc., Degree Controls, Inc., ClimateWorx International, Black Box Corporation, Asetek, ANEXIA Internetdienstleistungs GmbH, and Airedale International Air Conditioning Ltd., among others. Intense competition is being witnessed in the industry, with several large businesses and SMBs implementing innovative and efficient infrastructure facilities for their businesses. This initiative is being undertaken by companies to withstand in the intensely competitive environment. Numerous businesses prefer the construction of new facilities to gain a competitive edge in the data center infrastructure market.
Established players including Oracle, Google, and Facebook are continuously working on the deployment of advanced technologies and the need to have an integrated infrastructure. Furthermore, the initial investments incurred are typically high in the industry. The suppliers in the industry are characterized by the constant need to cater to the hyperscale companies as these companies necessitate more equipment to support their power and cooling infrastructure. They are also scaled up frequently to cater to the increasing data volumes, which will further create a challenge for the suppliers in the data center infrastructure market.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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