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Data Center Services Market Analysis

  • Report ID: GMI2195
  • Published Date: Jun 2024
  • Report Format: PDF

Data Center Services Market Analysis

Based on type, the market is divided into installation & integration services, training services, consulting services, maintenance, and support. The installation & integration services segment accounted over 38% market share in 2023. Proper installation and integration are necessary to guarantee the best possible performance, security, and dependability of data center operations. The necessity for professional hardware and software component installation and seamless integration is growing as enterprises increasingly rely on data centers for their IT requirements. The requirement for specialist abilities to manage complex technologies and guarantee that all systems function as a whole from the beginning, reducing downtime and operating hazards, is driving market growth.
 

Data Center Services Market Share, By Data Center Size, 2023

Based on data center size, the market is categorized into small data centers, medium data centers, large data centers, and light rail. In 2023, the small data centers segment held over 42% share in the data center services market. Businesses are embracing decentralized IT infrastructure to improve redundancy and lower latency, choosing numerous small data centers over a single, huge facility. The demand for compact data centers is further increased by the emergence of edge computing, which is motivated by the necessity for real-time data processing closer to the source. Furthermore, compact data centers are appealing to startups and SME due to their reduced initial investments and operating expenses, contributing to their dominant market position. This pattern is indicative of a larger movement toward flexible, scalable IT systems.
 

North America Data Center Services Market Size, 2022 -2032, (USD Billion)

North America dominated the global data center services market with a major share of over 37% in 2023 due to its advanced digital infrastructure, large provider investments, and advantageous regulatory environment. This region provides robust and scalable data center solutions to satisfy the growing need for cloud services, big data analytics, and Internet of Things applications. Its dominant position in the business is further reinforced by its favorable geographic location, providing excellent connectivity and low-latency access to global markets.
 

The data center services industry in the Asia Pacific region is expanding rapidly, propelled by factors such as increased internet adoption, digital transformation, and government policies that support infrastructure development. Significant market expansion occurs in countries including China, India, and Singapore as a result of large infrastructure investments and pro-tech governmental regimes.
 

Strong demand for safe data storage options and stringent data protection regulations, such as the GDPR, are driving the Europe market. With state-of-the-art facilities, strong connectivity, and an emphasis on sustainability, important markets, such as the UK, Germany, and the Netherlands, prosper and have access to essential data center services.
 

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size for data center services was valued at USD 20.9 billion in 2023 and is estimated to register over 15% CAGR between 2024 and 2032 driven by the increasing demand for more reliable and efficient modern technologies, such as intelligent power management systems.

The installation & integration services segment in the data center services market accounted over 38% share in 2023 as proper installation and integration are necessary to guarantee the best possible performance and security.

North America market held over 37% share in 2023 due to its advanced digital infrastructure, large provider investments, and advantageous regulatory environment.

ABB Ltd, Cisco Systems Inc., Dataspan, Dell Inc., DXC Technology, Equinix Inc., Eaton Corporation, IBM Corporation, Schneider Electric SE, and Siemens AG

Data Center Services Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 19
  • Tables & Figures: 250
  • Countries covered: 34
  • Pages: 310
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