Data Center Infrastructure Market Size, Industry Share, Total Revenue Growth Rate by Key Players Forecast till 2027
The global data center
infrastructure market size is projected to reach USD 142.31 billion by
2027, exhibiting a CAGR of 5.5% during the forecast period. Expanding
utilization of data centers by companies amid the COVID-19 pandemic is fueling
the growth of this market, shares Fortune Business Insights™ in its report,
titled “Data Center Infrastructure
Market Size, Share & COVID-19 Impact Analysis, By Component (Solutions,
Services), and Regional Forecast, 2020-2027”. With work from home becoming
a normal practice for most organizations due to the coronavirus, the adoption
of data center infrastructures among enterprises has spiked since the pandemic
erupted. These systems are enabling companies to effectively utilize cloud
computing technologies and ensure the productivity of employees working from
remote locations. For example, employees of Cyxtera Technologies, a colocation
provider based in Florida, have been accessing company systems through secure
solutions provided by Appgate. In India, the data center division of The
Hiranandani Group, Yotta Infrastructure, has been heavily investing to automate
processes and when lockdown was announced in the country, it was strongly
positioned to harness data center infrastructures to continue everyday office
tasks. Thus, data centers, along with cloud-based solutions, are playing a
critical role in minimizing the disruptions caused in the business world by the
COVID-19 pandemic.
Click here to get the short-term and long-term impact of COVID-19 on this
market.
Please visit:
https://www.fortunebusinessinsights.com/data-center-infrastructure-market-104659
As per the report findings, in
2019, the global market value stood at USD 94.56 billion. The salient features
of the report include:
·
Holistic evaluation of the
market drivers, trends, and restraints;
·
Exhaustive assessment of the
top market players and their strategies;
·
Microscopic dissection of
the market segments; and
·
Granular analysis of the
regional dynamics and opportunities in the market.
List of Key Companies Profiled in
this Market Report:
·
RACKWISE (Denver, United States)
·
UnityOneCloud (California, United States)
·
Nlyte Software Inc. (New Jersey, United States)
·
ABB Ltd (Zürich, Switzerland)
·
Eaton
Corporation Inc. (Dublin, Ireland)
·
Hewlett
Packard Enterprise Development LP (California,
United States)
·
Schneider
Electric SE (Rueil-Malmaison, France)
·
CommScope Inc. (North Carolina, United States)
·
Sunbird Software (New Jersey, United States)
·
Huawei Technologies Co., Ltd. (Shenzhen, China)
·
Siemens AG (Munich, Germany)
·
Vertiv Group Corp. (Columbus, Ohio)
·
IBM Corporation (New York, United States)
·
Johnson Controls Inc. (Cork, Ireland)
Driving
Factor
Promising
Emergence of Data Center Startups to Broaden Market Outlook
The steadily spreading presence of data center startup
companies is turning out to be a major booster for the data center
infrastructure market growth. These startups are constantly innovating and
providing novel services and solutions, catering to the niche demands of
end-users. For example, Colorado-based Axellio develops and offers
hyper-converged infrastructure, micro-data-center services, and micro-cloud
solutions through its MicroDataCenter Platform. The company has been providing
its products and services to the US Air Force since its inception. Similarly,
Texas-based Compass Datacenters has earned fame for its modules comprising edge
data-center capabilities, colocation solutions, software-as-a-service (SaaS), and
cloud computing technologies. Another example is Aeponyx, a Canada-based
enterprise that engineers network-switch chips developed by combining
micro-electro-mechanical systems (MEMS) with silicon photonics. In 2019, the
company raised CAD 7.9 million in a funding round, which it intends to use to
transform data center infrastructure management and lower energy consumption.
Several more startups specializing in data centers have spawned in the past few
years and their innovations have considerably augmented the potential of this
market.
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