Data Center Market: Changes in Operational Processes and IT Staff Shortage Confining Growth Prospects

Rockville,  USA, 2019-Jul-02 — /EPR Network/ —

A new Fact.MR study foresees the data center market to bring in nearly US$ 178,000 Mn revenues by 2028-end. Reliance on the data center continues to grow, albeit more workloads are shifting to multi-tenant sites from on-premise facilities. The rise of hyperscale cloud providers, coupled with the hybrid cloud and edge data center trends will continue to influence growth of the data center market.

Revenues from installation & construction of data centers are poised to remain significantly larger than those from consulting & integration services, albeit the latter will present a comparatively higher growth rate through 2028. Construction of new data center space has demonstrated a five-year high. North American Data Centers, a firm that tracks the data center industry in North America, has stated data center projects of nearly 300 megawatts capacity are under construction in the region.

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Data Center Market: Changes in Operational Processes and IT Staff Shortage Confining Growth Prospects

Transformations in technology and data center network have meant that reorganizing and updating operational processes apropos of software and hardware has become imperative. Changes in operational processes have necessitated overall upgradation of the management process in organizations. This further entails challenges such as substantial implementation time, which in turn results in project delays against the backdrop of process re-engineering.

Proliferation of digitization and technological advancements in the data center market have propelled demand for skilled IT professionals for the management and handling of software-defined and connected services. However, shortage of IT staff in lucrative areas such as crisis management, operational efficiency, IoT and software-defined networking, Big Data, cloud computing, and mobility has led to varying uncertainties in solutions, This has further increased the probability of system errors or functional failures, thereby confining growth of the data center market.

Data Center Market: Impressive Momentum for Consulting & Integration of Data Centers

Data center consulting and integration services are likely to record an impressive rise in light of rising complexity pertaining to the network design requirements. This coupled with growing need for data centers across a wide range of industrial sectors will continue to augur well for growth of the data center market in the near future. Revenues from data center consulting & integration are projected to exhibit an impressive 12.5% CAGR through 2028, which is greater than those from installation & construction.

The data center market will continue to showcase high growth in North America, wherein majority share of the market will continue to be accounted by the U.S. The data center market in Europe will trail that of North America, in terms of revenues; however revenues from Europe will increase at a comparatively higher rate than those from North America through 2028.

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