Dublin, Aug. 02, 2023 (GLOBE NEWSWIRE) -- The "Data Center Services Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global data center services market has experienced robust growth, surging from $59.53 billion in 2022 to $67.51 billion in 2023, representing a remarkable compound annual growth rate (CAGR) of 13.4%. The market is poised for further expansion, projected to reach $116.43 billion by 2027 at an impressive CAGR of 14.6%.
As the demand for data center services continues to soar, various key services are offered, including installation and integration services, training services, consulting services, maintenance and support, among others. These services play a vital role in setting up and seamlessly integrating data center management processes into a unified, efficient platform.
Data centers come in various sizes, offering a wide range of services such as infrastructure, cloud and hosting, networks, virtualization, and others, catering to industries like BFSI, colocation, energy, government, healthcare, IT and telecom, manufacturing, and more.
Moreover, the market is witnessing a major trend of technological advancement, with next-generation technologies like automation, blockchain, IoT, 5G mobile broadband, cloud computing, artificial intelligence, and data analytics being implemented to provide advanced features, automation, efficiency, reliability, and cost reduction for data center service providers.
Major companies operating in the data center services market are focused on providing technologically advanced data center services to strengthen their market position. For instance, ABB, a Sweden-based automation company offers ABB Ability Data Center Automation systems for energy saving and sustainability. These are industrial automation systems for use in data centers. These run continuously and reliably, optimizing operational processes and lowering the risk of downtime, and eliminating waste caused by unnecessary or premature maintenance.
In September 2021, Equinix Inc., a US-based digital infrastructure company acquired the India operations of GPX Global Systems Inc., (GPX India), for an amount of $161 million. With the acquisition, Equinix expanded its presence in India, along with the addition of two fully integrated data centers, providing a platform for further expansion. GPX Global Systems Inc., is a US-based digital infrastructure company that offers carrier-neutral data center services to its clients worldwide.
North America was the largest region in the data center services market in 2022. Aisa-Pacific is expected to be the fastest-growing region in the forecast period. The countries covered in the data center services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The growing adoption of digitalization is expected to be a significant driver for the growth of the data center services market. The adoption of digitalization is increasing due to the need for increased productivity, lowering operational costs, enabling faster decision-making, increasing efficiency, technological advancements, push towards digitalization from stakeholders, and others.
The increasing adoption of digitalization will generate a huge amount of data that needs to be stored, driving the need for data centers. This need for data centers will create a huge demand for data center services to set up, manage, and operate data centers. During the pandemic, digital became the default mode of living and working, making the organizations adapt to digitalization by creating remote work environments and digitalizing customer services. Therefore, the growing adoption of digitalization will drive the data center services market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $67.51 billion |
| Forecasted Market Value (USD) by 2027 | $116.43 billion |
| Compound Annual Growth Rate | 14.6% |
| Regions Covered | Global |
Major players in the data center services market are
- IBM Corporation
- Hewlett Packard Enterprise Limited
- Fujitsu Ltd.
- Huawei Technologies Co Ltd.
- Cisco Systems Inc.
- Dell Inc.
- Vertiv Co
- Equinix Inc.
- Schneider Electric SE
- Hitachi Ltd.
- Sify Technologies Ltd.
- NTT Communications
- ABB Ltd.
- Dataspan
- Eaton Corporation
- Siemens AG
- HCL Technologies Ltd.
- Workspace Technology Limited
- Megahertz Infotech
- Reliance Group
- Capgemini SE
- PTS Data Center Solutions Inc.
- Atlantix Global Systems
- Nokia Corporation
- Larsen & Toubro Infotech
- Arrow Electronics
Key Topics Covered:
1. Executive Summary
2. Data Center Services Market Characteristics
3. Data Center Services Market Trends And Strategies
4. Data Center Services Market - Macro Economic Scenario
4.1 COVID-19 Impact On Data Center Services Market
4.2 Ukraine-Russia War Impact On Data Center Services Market
4.3 Impact Of High Inflation On Data Center Services Market
5. Data Center Services Market Size And Growth
5.1. Global Data Center Services Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Data Center Services Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Data Center Services Market Segmentation
6.1. Global Data Center Services Market, Segmentation By Services, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Installation And Integration Services
- Training Services
- Consulting Services
- Maintenance And Support
- Other Services
6.2. Global Data Center Services Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Small Data Centers
- Medium Data Centers
- Large Data Centers
6.3. Global Data Center Services Market, Segmentation By Type of Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Infrastructure
- Cloud And Hosting
- Networks
- Virtualization
- Other Types Of Services
6.4. Global Data Center Services Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- BFSI
- Colocation
- Energy
- Government
- Healthcare
- IT And Telecom
- Manufacturing
- Other Applications
7. Data Center Services Market Regional And Country Analysis
7.1. Global Data Center Services Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Data Center Services Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/g4i2ff
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