New York, USA, September 23, 2022 (GLOBE NEWSWIRE) – According to a comprehensive research report from Market Research Future (MRFR), “Data Center Lifecycle Services MarketplaceBy Component, By Distribution, By Data Center Type, By Service, and By Vertical – 2030 Forecast “, the market is expected to acquire a valuation of approximately USD 300 billion by the end of 2030. The reports also predict that the market will thrive at a solid CAGR of over 13% over the evaluation period.
Market analysis of data center lifecycle services
The data center lifecycle services market will reach $ 300 billion with a 13% CAGR by 2030, according to the latest Market Research Future report.
Major Players Profiled in the Global Data Center Lifecycle Services Market Report include-
- Schneider Electric (France)
- HP (United States)
- IBM Corporation (United States)
- Vertiv (United States)
- Nlyte Software (United States)
- Optimum Path, Inc. (United States)
- Raritan (United States)
- CA Technologies (United States)
- FieldView Solutions, Inc. (United States)
- Huawei Technologies Co. Ltd. (China)
The key players have incorporated various strategies to stay on the cutting edge such as mergers and acquisitions, geographic expansions, new product launches and development, partnerships, contracts, collaborations, joint ventures, as well as various research and development activities.
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Increased amount of data consumed to stimulate market growth
The exponential growth of the total amount of data consumed by various organizations, individuals and industries will increase the growth of the market over the evaluation period.
Attractive features to offer solid opportunities
Various enticing features offered by data center lifecycle services will offer solid market opportunities over the forecast period. Lowering prices by eliminating manual controls of the server and other data center resources, increasing productivity, increasing efficiency, and reducing human effort are driving market growth.
Scope of the report:
|Market size by 2030||300 billion dollars|
|Rate of growth||CAGR of 13% from 2022 to 2030|
|Main market opportunities||Data Center Life Cycle Services offer greater efficiency for work, simple operations and data management.|
|Key factors of the market||Global data center lifecycle services also have some restrictions that may affect market growth in the future.|
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User data privacy concerns to act as a market restriction
Concerns about user data privacy are a big issue that can discourage market growth.
High maintenance costs to act as a market challenge
High maintenance costs can pose a challenge to the market in the forecast period.
The global data center lifecycle services market is divided by type, services, distribution, vertical, and component.
By type of data center, the global data center lifecycle services market is segmented into large data centers, midsize data centers, and enterprise data centers.
By services, the global data center lifecycle services market is segmented into professional services, integration services, managed services, IT asset disposal services, cloud services, and others.
Based on the rollout, the cloud rollout will lead the market over the forecast period.
By vertical, the global data center life services market is segmented into entertainment and media, healthcare, BFSI, telecommunications and IT, government, manufacturing, and others.
By component, the global data center lifecycle services market is segmented into hardware and software.
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Impact of COVID-19 on the data center lifecycle services market
The spread of the COVID-19 epidemic has forced companies around the world to move their operations to a digital platform. In fact, cloud storage has emerged as a highly valuable resource for many organizations in terms of managing and storing data efficiently. The impositions of both blocking and social distancing trends have been the main concerns in order to keep data safe. Companies in data center lifecycle services have therefore played an important role for organizations. This in turn has favored market growth.
From North America to the Sway Data Center Lifecycle Services market
During the forecast period, North America is expected to grow faster. It is also expected to dominate the global market in the coming years. Rapid technological advances and the development of key players in developed countries such as the United States and Canada. Indeed, the North American regional market is likely to grow significantly during the forecast period. The United States and Canada are expected to lead the market growth. This is due to the existence of a huge number of cloud-based data centers in that region, as well as technological advances. In addition, the region has an established infrastructure, which allows for greater device penetration and ultimately high-speed connectivity, and is expected to be a major factor in the growth of the data center lifecycle services market.
APAC will experience significant growth in the data center lifecycle services market
During the forecast period, the Asia Pacific region is expected to have the fastest growing market. Rising key players in developing countries like India and China are fueling market growth. Asia Pacific is expected to see relatively faster adoption and therefore grow at a higher CAGR over the assessment period. Within Asia Pacific, the data center lifecycle services market is expected to contribute more rapidly to revenue growth, due to the growing demand for cloud-based and cost-effective services in countries such as Japan, China and India.
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Europe will have favorable growth in the data center lifecycle services market
Europe, including Germany, France and the UK, is expected to lead the market growth. The presence of advanced infrastructure in Europe, coupled with the increasing adoption of technologies and technological advances in numerous countries, is driving market growth in the data center lifecycle services market. The European region’s small and medium-sized business market contributed a larger share of revenue to the data center lifecycle services market. After the Americas, Europe is expected to hold the largest market share. The key players are focusing their efforts mainly on investments in research and development. The investments will help them strengthen their position in the global market and generate more and more revenue in the coming years.
Conversely, the Middle East and Africa will grow at a slower rate than the rest of the world. The main reason is the lack of development among the key players and the slow advancement of technology.
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