Data Center Transformation Market Size, Industry Analysis Report By Service Outlook (Consolidation Services, Optimization Services, Automation Services, Infrastructure Management Services), By End-User (Cloud Service Providers, Colocation Providers, Enterprises), By Organization Size (BFSI, IT And Telecommunications, Government And Defence, Energy, Manufacturing) & Region – Forecast
- PUBLISHED ON
- 2024-10-03
- NO OF PAGES
- 203
- CATEGORY
- Information Communication & Technology
The Data Center Transformation Market is valued at around USD 7.47 billion in 2022 and is expected to reach USD 15.45 billion by 2030, registering a CAGR of 12.88% over the forecast period. The most crucial data and applications are kept by businesses in a data centre, which is a real-world location. The design of a data centre is based on a network of computers and storage spaces that make it possible to supply shared applications and data. Routers, switches, firewalls, storage units, servers, and application delivery controllers are the main components of a data centre design. As these components manage and store vital business data and applications, data centre security is essential for data centre design. In order to support the center's hardware and software, data centre components require substantial infrastructures. These include continuous power supplies, ventilation systems, cooling systems, external network connections, and backup generators (UPS).
The Data Center Transformation Market - Growth Factor
Due to increased investment in data centre technologies, there will likely be an increase in demand for data centre transformation. The data centre transformation market benefited from the COVID-19 pandemic. The pandemic is increasing the leading players' inclination toward data security, which is creating growth opportunities for the data centre transformation market. In order to stay competitive, businesses across the globe are working to accelerate their digital transformation initiatives. The majority of consumer time is now spent online. The pandemic made it challenging for businesses of all sizes, particularly small ones, to maintain on-premises servers, which has resulted in an increase in demand for data centres with more storage.
The Data Center Transformation Market – Market Trends
The burden placed on data centres is growing as a result of the rapidly expanding adoption of cloud, IoT, and big data analytics across numerous enterprises as a part of their digital transformation strategy. Additionally, as more businesses switch to SaaS-based applications, according to Cisco's predictions, data centre traffic is rising globally as a result of the rise in communicating devices. The data centre providers are having trouble sustaining consistency and operational efficiency in light of the rising reliability and rise in the number of data centres globally.
The Data Center Transformation Market – Segmentation
The Data Center Transformation Market fragrance concentrates market has been sub-classified into service outlook, end-user outlook, vertical outlook.
On the basis of service outlook, the Data Center Transformation Market is bifurcated into:
• Consolidation services
• Optimization se4rvices
• Automation services
• Infrastructure management services
• Others
On the basis of end-user, the market is segmented into:
• Cloud service providers
• Colocation providers
• Enterprises
• Others
On the basis of organization size, the market segmented into:
• BFSI
• IT and telecommunications
• Government and defence
• Energy
• Manufacturing
• Others
The Data Center Transformation Market –Regional Analysis
North America dominated the global Data Center Transformation Market, the largest market share of the world's internet and cloud data centres. The fact that so many significant players have their headquarters in this area may also contribute to the high share.
The demand for data centres worldwide is also largely driven by end-user industries in North America, including IT, BFSI, retail, and healthcare.
The Data Center Transformation Market – Key Market players
Global key players of Data Center Transformation Market include IBM Corporation; Cisco Systems, Inc.; Dell EMC; Microsoft Corporation; Schneider Electric SE; HCL Technologies; Cognizant; Accenture; Atos; Wipro, and others.
Report scope
Global Data Center Transformation Market: Historical Years- 2018-2021
Global Data Center Transformation Market: Forecast Years- 2022-2030
Global Data Center Transformation Market 2022- USD 7.47 billion
Global Data Center Transformation Market 2030- USD 15.45 billion
Global Data Center Transformation Market CAGR- 12.88%
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
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The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
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