Global Data Center Equipment Market Growth is Fueled by Telecommunication SectorPublished Date: July 30, 2020 |
According to a new market report published by Research Corridor “Data Center Equipment (Servers, Power Distribution Systems, Storage Devices, Others) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2020 – 2027”, the market for data center equipment globally is forecast to grow at higher CAGR over the forecast period. Rising concerns about data storage and data backup along with data warehousing and e-mail archives have created an unprecedented demand for data centers. The need to focus and invest in an organization’s IT infrastructure continues to be of utmost priority for business executives across several industries such as BFSI, telecommunications, healthcare, and pharmaceuticals among others. The data center industry has proven to be one of the most dynamic and resilient sectors with rising demand for the digitalization of information, rapid growth within social media, and innovations in cloud computing. The market growth is driven by increased adoption of cloud services, virtualization in the network environment, and Big Data. The increasing need to process and store a large amount of data is driving the use of data center equipment.
Datacenter equipment have been widely adopted across several end-use sectors, due to the rise in digital data generated by them, and subsequent need to manage the same effectively for extracting strategic information. Some of the potential end-use sectors of data center equipment include telecommunications, healthcare, manufacturing, retail, government, business enterprises, and others. Of the different sectors, the telecommunications sector accounted for the highest revenue contribution, in 2019. The telecommunications sector is experiencing a rise in demand for data center equipment due to fast-expanding internet presence and subsequent growth in internet-enabled services. This has resulted in large quantities of data being exchanged over the web, resulting in demand for effective tools at data centers to ensure data integrity, high standards, safety, and availability.
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North America, owing to the exponential growth in data generation and the emergence of growing trends such as server virtualization, e-discovery, and dependency on critical applications for business operations, is expected to remain largest market for data center equipment in near future. North America along with Europe, which is also seeing similar technology growth trends, collectively accounted for over 50% of the global revenue share in 2019. Regions such as Asia-Pacific and Rest of the World (RoW) have largest subscriber base and are witnessing the quick proliferation of internet-based services. These regions are expected to emerge as a high potential markets for data center equipment by the end of the forecast period.
With the expected rise in demand for data center equipment and underlying opportunities, such as software-defined and green data centers, players across the globe are developing innovative solutions to strengthen their position in the market. As a result, the data center equipment market is concentrated with large numbers of multinational players. The renowned players in the market include F5 Networks Inc., Emulex Corp., Digi International Inc., NEC Corp., Brocade Communication System Inc., Schneider Electric SA, Meru Networks, Cisco System Inc., Alcatel Lucent, Hewlett Packard Co. and others.
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This report analyzes the global data center equipment market in terms of revenue (USD billion). The market has been segmented as follows:
Global Data Center Equipment Market, by Product
- Power Distribution Systems
- Storage Devices
Global Data Center Equipment Market, by Application
- Banking, Financial Services and Insurance (BFSI)
- Business Enterprises
- Others (R&D, educational institutions, media and entertainment)
Global Data Center Equipment Market, by Region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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- Global Data Center Equipment Market Growth is Fueled by Telecommunication Sector