Service Market for Data Center by Service Type, Tier Type, End-User, Data Center Type, Industry, and Region – Global Forecast to 2022

According to market research report “Service Market for Data Center by Service Type (Design & Consulting, Installation & Deployment, Professional, Training & Development, Maintenance & Support), Tier Type, End-User, Data Center Type, Industry, and Region – Global Forecast to 2022″, the service market for data center is estimated to grow from USD 39.68 Billion in 2017 to USD 77.51 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.33%.

Browse and in-depth TOC on “Service Market for Data Center”

59 – Tables

46 – Figures

123 – Pages

Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=78453204

The major forces driving the service market for data center are growing data traffic, increasing complexities within data centers, higher demand for cost effectiveness, and surge in data center technology related spending within organizations. The service market for data center is growing rapidly owing to the increasing number of users opting for services that can help with the increasing data center availability by reducing downtimes.

Training and development services are expected to grow at the highest CAGR

The training and development services segment is expected to witness the highest CAGR during the period 2017 to 2022. Training and development services help organizations in improving data center performance through educational programs. Moreover, these services help in transforming enterprise IT while reducing cost. These benefits are driving the market and are anticipated to help in propelling the service market for data center to grow at the highest CAGR during the forecast period.

Tier 1 type market is expected to grow at the highest rate during the forecast period

The tier 1 type segment is expected to grow at the highest CAGR during the forecast period owing to the rapid adoption of tier 1 data center in small enterprises. Tier 1 data centers are characterized by single non-redundant connections to hardware equipment, including power and cooling distribution units. Moreover, small enterprises have lower data availability requirements, and tier 1 data centers are an economical option for these types of enterprises owing to which tier 1 data centers are witnessing growing demand from small enterprise

Speak To Analyst@ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=78453204

North America is expected to dominate the service market for data center during the forecast period

The service market for data center segments the global market on the basis of regions which includes North America, Asia-Pacific (APAC), Europe, Middle East & Africa (MEA), and Latin America. North America is expected to hold the largest share of the service market for data center in 2017, owing to the presence of a large number of data center across various industry verticals in this region. The market in APAC is expected to grow at the highest CAGR between 2017 and 2022. The primary driving forces for this growth are increasing data center traffic, owing to the surge in mobile devices in this region.

The report also encompasses different strategies, such as mergers & acquisitions, partnerships & collaborations, and product developments, adopted by the major players to increase their share in the market. Some of the major technology vendors include HPE (U.S.), IBM (U.S.), Schneider Electric SE (France), Cisco Systems, Inc. (U.S.), Dell, Inc. (U.S.), Fujitsu Ltd. (Japan), Vertiv Co(U.S.), Hitachi Ltd. (Japan), Equinix, Inc. (U.S.), and Huawei Technologies Co. Ltd. (China).

About MarketsandMarkets

MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/service-market-for-data-center.asp