Datacenters Market : Up-to-Date Analysis of Market Trends and Technological Improvements

Datacenter is a centralized repository that provides physical or virtual infrastructure to manage and store data of the organization. Datacenters are use in various end use industries such as banking and financial institutions, healthcare, IT & telecommunication, information technology, government and retail industry.

The global datacenter installation & construction market is expected to grow at a CAGR of 11.5% during the forecast period and the global datacenter consulting & integration services market is expected to be valued at US$ 20.34 Bn during the forecast period and is expected to exhibit a CAGR of 12.4%.

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The growing digital transformation through mobile devices, connected technology, and the Internet of Things demands a datacenter ecosystem with a high speed of deployment, flexibility, scalability, security, and availability of data. This digital transformation leads to the development of innovative datacenter infrastructure that serves as highly agile, cost-effective, and software-defined infrastructure. The datacenter market is undergoing rapid change with a change in focus towards cloud computing, cloud provisioning, cloud migration, cloud-based deployment, and automation.

The growth of hyperscale datacenters with the growth of 3rd platform technologies demands an increased level of computational, data, and networking resources. This requires scaling of the infrastructure beyond the capacity limitation of today’s datacenters by making it more flexible and modular. This can be achieved by changing the current hardware-defined infrastructure to a software-defined infrastructure characterized by resource degradation, modularity, and scalability.

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Region wise, North America is forecasted to be the most lucrative region in terms of value by 2024. North America is estimated to hold 34.39% of total market value share in the year 2016 and is expected to dominate throughout the forecast period. Majorly, the markets in North America and Europe are expected to make their presence felt largely in the global datacenter installation and construction market. Asia Pacific region is expected to lead the market in terms of market value during the forecast period due to the fast emerging technology adoption of cloud, mobile and data analytics.

Some of the top companies functioning in the global datacenter market are Apple Inc., Google Inc., Equinix Inc., Digital Realty, IBM Corporation, Hewlett Packard Enterprise, NTT Communications Corporations, AT&T Inc., Cisco Systems, Inc., and Microsoft Corporation.

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