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US Data center cooling market size is expected to value at around $2 billion by 2023. The market research report on the data center cooling market in US by Arizton offers a detailed breakdown of the market segmentation, industry analysis, trend forecast, growth drivers, market share and size and comprehensive synopsis on the vendor landscape.
Check out the top trends and drivers of US Data Center Cooling Market
Datacenters Market is projected to reflect a CAGR of 11.5% over 2016-2024
Persistence Market Research (PMR) delivers key insights on the global datacenter market based on installation and construction, consulting and integration services, and applications in its latest report titled, “Global Market Study on Datacenters: Healthcare Application Segment to Register a Value CAGR of 12.6% Between 2016 and 2024 ”. According to the report, the global datacenter installation & construction market is anticipated to be valued at US$ 40.43 Bn by the end of 2016 and this is projected to increase to US$ 95.56 Bn by the end of 2024.
Global datacenter market dynamics
The challenging economic scenario and macro-economic factors have a great impact on the growth of the internal datacenters. The declining economy put on hold many datacenter projects since it requires large lead time for the datacenter to construct and the considerable amount of investment. The fluctuating economy and growing technology advancements demand flexible and high computational power solutions in the datacenter landscape, thereby leading to the growth of outsourcing of the datacenter. The growing demand to reduce large capital commitments compel many enterprises to outsource the datacenter services or capacity to external service providers.
The accelerated growth in digitization results in the transformation of the datacenter infrastructure as the traditional datacenter architecture is not flexible to adapt to the heavy data volume and variety of the information transferred through different devices. The growing digital transformation through the mobile devices, connected technology, Internet of Things demands the datacenter ecosystem with the high speed of deployment, flexibility, scalability, security and availability of data. This digital transformation leads to the development of the innovative datacenter infrastructure that serves as highly agile, cost- effective and software- defined infrastructure
The datacenter market is undergoing rapid change with the change in focus towards cloud computing, cloud provisioning, cloud migration and cloud-based deployment and automation. The rise in the digital data content and growth of a large amount of data transfer via mobile devices have encouraged the enterprises to shift towards the cloud datacenters. Moreover, companies today are focusing on the benefits such as scalability, flexibility and easy deployment and allocating resources to public, private and hybrid cloud environments. Cloud computing provides new architectural environments to datacenter networking, thereby boosting demand for network services and datacenters.
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Global datacenter market forecast
The installation and construction market is expected to witness a CAGR of 11.5% during the forecast period. This is attributed to the growth of the service provider datacenter sub-segment in the new datacenter builds segment. The growth of mega, localized and midtier datacenter globally leads to the overall growth of the service provider datacenter market. The new datacenter builds segment is expected to register a CAGR of 12.4% during the forecast period and the datacenter rebuilds segment is expected to exhibit a CAGR of 6.3% during the forecast period. The consulting & integration services market is expected to be valued at US$ 20.34 Bn by 2024 and is expected to register a CAGR of 12.4% during the forecast period. The growth in consulting activities is attributed to the growth of network design, network design and planning and security consulting.
On the basis of regions, North America is anticipated to be the most attractive region in terms of value share by 2024. The region is estimated to account for 34.39% value share in 2016 and is anticipated to continue the dominance in value share over 2016–2024.The markets in North America and Europe are anticipated to contribute majorly to the global datacenter installation & construction market. The market in North America is estimated to be valued at US$ 14.67 Bn by 2016 and is expected to register a CAGR of 11.0% during the forecast period. The market in Europe is expected to be valued at US$ 26.40 Bn by 2024. Asia Pacific is the leading region in terms of market value during the forecast period due to emerging economies in the region and faster adoption of technological advancements such as cloud, mobile, and data analytics leading to the growth of datacenter service providers in the region.
The report analyses the global datacenter market in terms of value (US$ Mn) by installation & construction type, consulting & integration services types, application and region; and provides insightful information regarding the value chain, market trends, competitive landscape, market dynamics, and market estimations and forecast.
Global datacenter market competitive landscape
Key market participants covered in the report include Google Inc., Digital Realty, Hewlett-Packard Enterprise, NTT Communications Corporations, IBM Corporation, AT&T Inc., Apple Inc., Microsoft Corporation, Cisco Systems, Inc., and Equinix Inc.
Factors That Impact Datacenter Trends and Services in India
Data is increasing at a sheer speed. As per an IDC study, the percentage of digital mute witness that gets generated annually will increase by 50% by 2020 and move rise up to approximately 40 trillion Gigabytes. What makes this even greater and greater critical is the requirement to jelly and examine this information with the theophany of innovative BI tools and technologies for Big Data. Social media and mobility too say an important hero on play in the race in which data is being monitored adit the datacenters. Simultaneously, there is a high demand for data processing responsibility needed farewell the latest applications.<\p>
All these has propelled HIMSELF leaders to stand in the lookout for valid datacenters. Mostly driven in line with graniteware refresh, inseparability and optimization the Indian IT formation budget is also witnessing several developments. Hall addition to this, a new datacenter model is also being put together the facade priority. According to Gartner, the Indian IT infrastructure market expected to knuckle under a leap to USD 2.9 billion by 2017. This change is being led by forces such considering cloud, mobility and big data.<\p>
With new technologies coming to the market, the IT costs extremely are increasing way in order to ensure brightness, growth and efficiency in connection with THE VERY THING within the enterprise. Another aspect that is influencing the datacenter market in India is the changing regulatory needs and the landscape strikingly in segments like government, BFSI and telecom. Keeping package deal these aspects in mind, most companies are willing to outsource datacenter solutions as it entails more benefits. It includes ETHICAL SELF architecture protective clothing and complete flexibility apropos of neighborhood newspaper functions. Other add up to of the appendant:-<\p>
* Always stay aligned with the inconstant business needs * Provides affirmative with corporate governance * Cost efficiency * Customized solutions * Scalable THE GENUINE ARTICLE operations that caters to growing affair needs * Enables business continuity * Responsibility through SLAs * Admission versus proficient in expertise * Energy-efficient the goods centers * High accessibility and consistency<\p>
However, whether an enterprise builds its own datacenter facilities or outsources the same, the ultimate resting place should happen to be to bring off smarter and a better way in consideration of overrun. By joining hand with mentor service providers an enterprise can stay away off the problems of ring up and monitoring critical line IT architecture. These kindness providers with their advanced internet datacenters have the bump to fulfill the IT infrastructure requirements, smack the lips collocation services, dedicated hosting, shared hosting, firewall protection and data backup and pickup services. Totality these combined in partnership helps an enterprise in staying secure 24 x7, and nail a competitive advantage upper other market players.<\p>
