Global Service Market Data Center Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2024 –2031 |
 Market Size (Base Year) |
USD 87.21 Billion |
 Market Size (Forecast Year) |
USD 275.24 Billion |
 CAGR |
% |
| Major Markets Players |
|
Global Service Market for Data Centre Market Segmentation, By Service Type (Design and Consulting, Installation and Deployment, Professional, Training and Development, Support and Maintenance), Tier Type (Tier 1, Tier 2, Tier 3, Tier 4), End-User (Cloud providers, Colocation providers, Enterprises), Data Centre Type (Small Data Centres, Mid-Sized Data Centres, Large Data Centre) – Industry Trends and Forecast to 2031.
Service Market for Data Centre Market Analysis
With the rising globalization and growing application of advanced IT solutions by a wide range of end user verticals, there is a shift in traditional on-premises physical servers to the virtual network-based data centre. This has resulted in carving the way for the growth of the service market for data centre market. These virtual network-based data centres have enhanced storage which facilitates organization of a huge volume of structured and unstructured data.
Service Market for Data Centre Market Size
Global service market for data centre market size was valued at USD 87.21 billion in 2023 and is projected to reach USD 275.24 billion by 2031, with a CAGR of 15.45% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
|
Attributes |
Service Market for Data Centre Key Market Insights |
|
Segmentation |
|
|
Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. |
|
Key Market Players |
Hewlett Packard Enterprise Development LP (US), IBM (US), Schneider Electric. (France), Cisco Systems, Inc. (US), Dell (US), FUJITSU (Japan), Vertiv Group Corp. (US), Hitachi, Ltd. (Japan), Equinix, Inc. (US), Huawei Technologies Co., Ltd. (China), Bharat Sanchar Nigam Limited (India), CtrlS Datacenters Ltd (India), Netmagic Solutions (India), Tata Communications (India), Reliance Industries Limited (India), Capgemini (France), HCL Technologies Limited (India), Sungard Availability Services (US), CenturyLink (US), Verizon (US), KDDI CORPORATION (Japan), NTT DATA Corporation (Japan), AT&T Intellectual Property (US) and DuPont (US) |
|
Market Opportunities |
|
Service Market for Data Centre Market Definition
Data centres are the physical facilities comprising of networked computers and storage equipment which are designed to store and process that data and information. These data centres are efficient in communicating to multiple websites, both cloud computing and on-premises at a single point of time.
Service Market for Data Centre Market Dynamics
Drivers
- Rising volume of organizational data
Growing volume of structured and instructed data in the hospitals and pharmaceutical facilities is encouraging the demand and application of technologically advanced data storage and processing solutions. This has resulted in a wide scale adoption of multi-cloud computing solutions which in turn has propelled the growth of the market.
- Research and development proficiencies
Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted in the drug development processes is also bolstering the market growth rate.
- Growing investment for healthcare facilities
Surging focus towards improving the condition of healthcare facilities and improving the overall healthcare infrastructure another important factor fostering the growth of the market. Rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further creating lucrative market opportunities.
Opportunities
Furthermore, upsurge in the public-private funding for target research activities, rising vulnerability to important institutional documents, rising geriatric population base, surging risk to patient’s personal information and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, rise in hospitalization rate, rising internet penetration rate, growing adoption of advanced informational technology solutions such as artificial intelligence and machine learning and increasing per capita expenditure on health care will further expand the market's growth rate in the future.
Restraints/Challenges
On the other hand, high cost associated with the research and development proficiencies, limited infrastructural facilities, increase in the preference for services of third party data center and dearth of awareness in the backward economies are expected to obstruct market growth. Also, lack of favorable reimbursement scenario and technology penetration in the developing economies, hospital budget cuts especially during the pandemic, and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2024-2031.
This service market for data centre market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the service market for data centre market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Service Market for Data Centre Market
COVID-19 gave a mild setback to the market owing to the imposition of strict lockdown measures and travel restrictions. With an aim to maximise the impact of social distancing, the major players were rushed to shut down scientific research activities. However, with the surge in the rate of digitization especially in this pandemic phase, people got used to accessing online services for numerous purposes. The growing reliance on online mediums will drive the need for high-density data centers has generated lucrative growth opportunities for the market. Also, increasing focus of the pharmaceutical companies towards using computing data center systems on a large scale to carry out calculations and simulations remotely will further propel the market growth rate.
Service Market for Data Centre Market Scope
The service market for data centre market is segmented on the basis of service type, tier type, end-user and data centre type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Service Type
- Design and consulting
- Installation and deployment
- Professional
- Training and development
- Support and Maintenance
On the basis of service type, service market for data centre market is segmented into design and consulting, installation and deployment, professional, training and development and support and maintenance.
Tier Type
- Tier 1
- Tier 2
- Tier 3
- Tier 4
Based on tier type, the service market for data centre market is segmented into tier 1, tier 2, tier 3 and tier 4.
End-User
- Cloud providers
- Colocation providers
- Enterprises
Based on end-user, the service market for data centre market is segmented into cloud providers, colocation providers and enterprises.
Data Centre Type
- Small Data Centres
- Mid-Sized Data Centres
- Large Data Centre
Based on data centre type, the service market for data centre market is segmented into small data centres, mid-sized data centres and large data centre.
Service Market for Data Centre Market Regional Analysis
The service market for data centre market is analysed and market size insights and trends are provided by country, service type, tier type, end-user and data centre type as referenced above.
The countries covered in the service market for data centre market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the service market for data centre market because of the strong base of healthcare facilities, strong presence of major players in the market and rising number of research activities in this region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, availability of massive untapped markets, large population pool, rising adoption of multi-cloud computing solutions and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The service market for data centre market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for service market for data centre market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the service market for data centre market. The data is available for historic period 2010-2020.
Service Market for Data Centre Market Share Analysis
The service market for data centre market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to service market for data centre market.
Service Market for Data Centre Market Leaders Operating in the Market Are:
- Hewlett Packard Enterprise Development LP (US)
- IBM (US)
- Schneider Electric. (France)
- Cisco Systems, Inc. (US)
- Dell (US)
- FUJITSU (Japan)
- Vertiv Group Corp. (US)
- Hitachi, Ltd. (Japan)
- Equinix, Inc. (US)
- Huawei Technologies Co., Ltd. (China)
- Bharat Sanchar Nigam Limited (India)
- CtrlS Datacenters Ltd (India)
- Netmagic Solutions (India)
- Tata Communications (India)
- Reliance Industries Limited (India)
- Capgemini (France
- HCL Technologies Limited (India)
- Sungard Availability Services (US)
- CenturyLink (US)
- Verizon (US)
- KDDI CORPORATION (Japan)
- NTT DATA Corporation (Japan)
- AT&T Intellectual Property (US)
- DuPont (US)
SKU-
Get online access to the report on the World's First Market Intelligence Cloud
- Interactive Data Analysis Dashboard
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
- Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
