Data Center Life Cycle Services Market Share, Size, Analysis and Impact of Russia War

Data Center Life Cycle Services Market, By Component (Hardware, Software), By Deployment, By Data Center Type (Mid-Size Data Center, Enterprise Data Center, Large Data Center), By Service and By Vertical – Forecast 2023

Market Highlights

In this rapidly changing world of technology, data center life cycle services market is projected to show major growth prospects during the forecast period. Exponential growth in the amount of data consumed by various industries, individuals, and organizations is the major factor driving the growth of data center life cycle services market.

As compared to other regions, the data center life cycle services market in North America is expected to witness significant growth during the forecast period. U.S and Canada are anticipated to drive the growth of data center life cycle services market. This is owing to the presence of large number of cloud based data centers and technical advancements in that region. In addition to this the region also has a well-established infrastructure which allows higher penetration of devices which ultimately provides high speed connectivity and is expected to be a major factor for the growth of data center life cycle services market.

The Global Data Center Life Cycle Services Industry is projected to grow at a CAGR of 15% during the forecast period 2020-2027. The market is expected to expand by about USD 7 Billion by the year 2027. The technological advancements in Data Center Life Cycle Services help the business to reduce the influx of data and lessen the immense pressure to manage the crucial data efficiently.

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Segmentation:

The data center life cycle services market has been segmented on the basis of component, deployment, data center type, service and vertical. The deployment segment is further bifurcated into on-premise and cloud deployment. Out of which, cloud deployment is most preferred one, owing to the cost efficiency and flexibility being offered.

Regional Analysis

The global data center life cycle services market, by geography, has been segmented into North America, Europe, Asia Pacific and Others. In the global data center life cycle services market, Asia Pacific is anticipated to witness relatively faster adoption and hence is expected to grow at the highest CAGR during the forecast period. Within Asia Pacific, data center life cycle services market is projected to contribute faster to the growth of revenue backed by increasing demand for cloud based and cost-efficient services in countries such as Japan, China and India.

Across Europe, countries including Germany, France and the U.K. are anticipated to drive the growth of data center life cycle services market. In Europe, the presence of advanced infrastructure with the increasing adoption of technology and technological advancements in numerous countries is driving the market growth of data center life cycle services market. The small and medium enterprises market in Europe region contributed for larger share of revenue of data center life cycle services market. North America is followed by Europe in terms of market share and growth rate in data center life cycle services market.

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Key Players

The prominent players in the data center life cycle services market are – Schneider Electric (France), HP (U.S.), IBM Corporation (U.S.), Vertiv (U.S.), Nlyte Software (U.S.), Optimum Path, Inc. (U.S.), Raritan (U.S.), CA Technologies (U.S.), FieldView Solutions, Inc. (U.S.), Huawei Technologies Co. Ltd. (China), among others.

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