The global data center transformation market is expected to grow from USD 6.45 billion in 2018 to USD 12.00 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13.2%
NEW YORK, July 16, 2018 /PRNewswire/ -- Growing need to address heavy congestion in data center network and demand for improved data center efficiency is expected to fuel the demand for data center transformation across the globe
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The global data center transformation market is expected to grow from USD 6.45 billion in 2018 to USD 12.00 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13.2% during the forecast period. Data center traffic is growing at a high rate and is expected to double every two years as a result, data center transformation proves to be beneficial in handling heavy data traffics owing to consolidation and optimization of IT resources. However, stringent regulations and difficulty in application portability are expected to limit the growth of these solutions.
The optimization services are expected to hold the largest market size during the forecast period
Data center optimization increases the efficiency of enterprises' data center operations.Optimization involves reconfiguring or changing data centers to reduce the resources required but without hampering the data center functionalities.
Data center optimization services help organizations determine how to optimize performance and evolve their data centers to realize more value out of the current infrastructure.
The enterprise end-user segment is expected to hold the largest market size during the forecast period
The data center transformation market has been segmented by end users into cloud service providers, colocation providers, and enterprises.Enterprises require data centers for storing mission-critical data for efficient business operations.
Many enterprises are setting up data center infrastructure for data management and the centralization of the IT infrastructure.Data center transformation facilitate the rapid deployment and commissioning of data centers, which further boosts the efficiency and reduces the capital expenditure.
Due to these benefits, enterprises are increasingly adopting data center transformation services.
North America is estimated to have the largest market share in 2018, and Asia Pacific is projected to grow at the highest rate during the forecast period
North America is estimated to hold the largest market size in the global data center transformation market in 2018, and the trend is expected to continue during the forecast period.Growth in the adoption of cloud-based services among SMEs and large enterprises is expected to drive the data center transformation market in this region.
On the other hand, the data center transformation market in Asia Pacific (APAC) is expected to witness an exponential growth to become the fastest-growing regions in the global data center transformation market. This is attributed to the large-scale adoption of data center transformation services for increasing data center reliability and cost-effectiveness in these regions.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people. The break-up of the profiles of the primary participants is given below:
• By Company Type: Tier I: 17%, Tier II: 50%, and Tier III: 33%
• By Designation: C-Level: 33%, D-Level: 50%, and Others: 17%
• By Region: North America: 33%, Europe: 17%, and RoW: 50%
The key vendors profiled in the report are as follows:
1. Micro Focus (UK)
2. Dell EMC (US)
3. IBM (US)
4. Atos (France)
5. Cisco Systems (US)
6. DynTek (US)
7. Schneider Electric (France)
8. NTT Communications (Japan)
9. Microsoft (US)
10. Bytes Technology Group (South Africa)
11. Tech Mahindra (India)
12. HCL Technologies (India)
13. Performance Technologies (Greece)
14. Rahi Systems (US)
15. Inknowtech (India)
16. GreenPages (US)
17. General Datatech (US)
18. Mindteck (India)
19. Accenture (Ireland)
20. Wipro (India)
21. SoftChoice (Canada)
22. Hitachi (Japan)
23. Cognizant (US)
24. NetApp (US)
25. Insight Enterprise (US)
Research Coverage
The market is segmented on the basis of service type (consolidation services, optimization services, automation services, and infrastructure management services).The tier type includes Tier 1, Tier 2, Tier 3, and Tier 4.
The end-user segment includes cloud service providers, colocation providers, and enterprises.The data center size segment consists of small data centers, medium-sized data centers, and large data centers.
The market by vertical covers BFSI, IT and telecom, government and defense, healthcare, transportation, retail, energy, manufacturing, and other verticals (education, and media and entertainment). The market has also been segmented on the basis of major regions into North America, Europe, APAC, Middle East and Africa (MEA), and Latin America.
The report is expected to help the market leaders/new entrants in the following ways:
1. The report segments the data center transformation market comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments across different industries and regions.
2. The report is expected to help stakeholders understand the pulse of the market and provide them with the information on the key market drivers, restraints, challenges, and opportunities.
3. The report is expected to help stakeholders better understand their competitors and gain more insights to enhance their position in the market. The competitive landscape section includes new product launches, partnerships, agreements and collaborations, mergers and acquisitions, and expansions related to the global data center transformation market.
Read the full report: https://www.reportlinker.com/p05474774
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