The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Global Data Center Life Cycle Services Market. The growth sectors of the Global Data Center Life Cycle Services Market are identified with precision for a better growth perspective.
Data center life cycle services market is estimated to exhibit high growth potential during the forecast period owing to increasing popularity of internet of things and growing amount of storage of data generated by cloud computing. Increasing number of data centers and requirements for improved inventory and assets management, are driving the growth of data center life cycle services market.
Data center life cycle services market is segmented on the basis of component, deployment, data center type, service and vertical. The service segment is further bifurcated into managed services, cloud services, professional services, IT asset disposition services, integrated services and others. Out of which, IT asset disposition offer IT end-of-life services that address the growing emphasis on data security, the proper disposition of e-waste and on remarketing. These services include on-site data erasure, asset disposal and asset remarketing.
Managed services help lower total cost of ownership and increase flexibility by providing colocation, managed hosting, disaster recovery and remote monitoring. This ultimately offers cost efficiency and provides better asset management.
Major factors restraining the growth of data center life cycle services market are the lack of awareness about the importance of data center services and the flexibility it offers. Other factors restraining the growth are the resource challenges, realigning staff expertise and managing portability which could cause hindrance in the growth of data center life cycle services market.
According to Market Research Future Analysis, data center life cycle services market has been valued at approx. USD 7 Billion by the end of forecast period with 15% of CAGR during forecast period 2017 to 2023.
Market Research Future (MRFR) recognizes the following companies as the key players in the data center life cycle services market – 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.) and Huawei Technologies Co. Ltd. (China) among others.
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
Data center life cycle services market can be segmented on the basis of component, deployment, data center type, service and vertical. The data center type segment comprises of mid-size data center, enterprise data center and large data center. The choice of data center depends on the downtime a business will be able to withstand. The cloud deployment shows great potentials as it simplifies the management of multi-data centers, during the forecast period. Various specialized services are offered by a data center namely, asset management, network connectivity management, environment management, energy management, change management and capacity management. These services provide processing, storage, networking, management and the distribution of data within an enterprise. They can be either services provided to a data center or services provided from a data center.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Global data center life cycle services market is expected to grow at approx. USD 7 Billion by 2023, …
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