A report published by Market Research Future (MRFR) indicates that the data center service market is expected to scale valuation of USD 82 Bn over the forecast period 2016 to 2022. The report further highlights that the market is anticipated to expand at a CAGR of 13% over 2022.
The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.
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By service type, the global data center service market has been segmented into Support, Consulting, Training, Financial, Application, and Out-Sourcing.
By organization, the data center service market has been segmented into SMBs, Large Enterprise, and cloud providers.
By data center type, the global data center service market has been segmented into captive and outsourced.
By end-user, the data center service market has been segmented into manufacturing, BFSI, IT/ITES, healthcare, transportation, government, and others.
Covid 19 Data Center Service Market, by region, has been segmented into Asia Pacific, North America, Europe and the Rest of the World. North America is likely to dominate the global market across the assessment period. The rising adoption of peripheral services coupled with growing investments is expected to augment the data center service market in the region over the next couple of years. Meanwhile, Asia Pacific resonates strong growth opportunities and is prognosticated to thrive significantly in the upcoming years.
Some of the key players profiled in this report are Fujitsu Ltd. (Japan), Huawei Technologies Co. Ltd. (China), HPE (U.S.), IBM (U.S.), Cisco Systems, Inc. (U.S.), Vertiv Co(U.S.), Dell, Inc. (U.S.), Equinix, Inc. (U.S.), Level 3 Communications (U.S.), NTT Communications(Japan), Schneider Electric SE (France), and Hitachi Ltd. (Japan)
In February 2019, Huawei Technologies Co. is all set to roll out its data center services in South Africa by March, with the primary objective of expanding its market position in Africa. In addition, the company is partnering with the local partners in a bid to offer services from its first data center that support cloud services in Johannesburg.
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