Data Center Solutions: Introduction
- Data center solutions refer to solutions and services that are used to create and maintain a data center. Solutions include various equipment, such as routers, storage systems, servers, and firewalls, as well as other supporting infrastructure such as batteries, cooling systems, cabling, economizers, and generators. Moreover, services include configuration, installation, and technical support.
- Increasing adoption of energy-efficient power and cooling solutions to transform traditional data centers to advanced data centers is driving the global data center solutions market
- Increase in demand for e-commerce and online retail has boosted the demand for data centers. Additionally, new digital landscapes and industry automation are booming across the world, and these create a huge amount of data, which in turn fuels the need to manage and store data. This is estimated to significantly fuel the data center solutions market during the forecast period.
- The global data center solutions market is projected to expand at a rapid pace during the forecast period, due to a rise in the number of data centers across the globe
Global Data Center Solutions Market: Dynamics
Global Data Center Solutions Market: Key Drivers
- A growing amount of data consumed by various industries, including BFSI, IT & telecom, government, and healthcare has led to an increase in the demand for data storage. This, in turn, is boosting the demand for data centers and subsequently, driving the global data center solutions market.
- Increasing data storage requirements along with the rising need to maximize revenues and minimize the operation cost of data centers is estimated to further augment the global data center solutions market during the forecast period
- However, high capital investment is required to build infrastructure, which is a major restraint for the data center solutions market
- Development in data center infrastructure, growing deployment of green data center solutions, and adoption of own data centers by organizations across the globe are expected to provide significant opportunity for the market in the near future.
- The emergence of AI in cooling and power technologies to decrease the power needed for cooling purposes is also as a key trend witnessed in the market. For instance, AI Company, DeepMind is working with Google, LLC to develop an AI algorithm to improve the energy efficiency of Google’s data centers.
Impact of COVID-19 on the Global Data Center Solutions Market
- Increase in number of cases of COVID-19 across the globe is resulting in an economic slowdown. Hence, demand for digital and advanced technology solutions is increasing across all sectors around the globe. Moreover, an increase in the volume of data is witnessed due to a rise in the number of online businesses during this pandemic. Consequently, the demand for data center solutions is increasing in order to fulfill the requirement. This is projected to boost the data center solutions market in the next few years.
North America to Hold Major Share of Global Data Center Solutions Market
- In terms of region, the global data center solutions market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
- North America dominated the global data center solutions market. The presence of developed economies, such as the United States and Canada to witness the highest growth due to the technological transformations of data centers.
- The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to a rise I n the number of data centers and rapid development of infrastructure in the region.
Global Data Center Solutions Market: Competition Landscape
Several players are active in the data center solutions market with a strong presence. Vendors of the data center solutions market are focused on various growth strategies such as partnerships, mergers & acquisitions, collaborations, new product launches, and business expansions to strengthen their geographic presence and solutions portfolios to cater to the needs of the market.
Key players operating in the global data center solutions market include:
- Schneider Electric
- Emerson Electric Co.
- Rittal GmbH & Co. Kg
- Black Box Corporation
- Eaton Corporation
- Delta Electronics Inc.
- Tripp Lite
- Hewlett-Packard Development Company, L.P.
- Siemens AG
Global Data Center Solutions Market: Research Scope
Global Data Center Solutions Market, by Electrical Solution
- Power Distribution and Measurement
- Power Backup
- Cabling Infrastructure
Global Data Center Solutions Market, by Mechanical Solution
- Air Conditioning
- Cooling Tower
- Server Cooling
- Management System
Global Data Center Solutions Market, by Service
- System Integration
Global Data Center Solutions Market, by Data Center Type
- Mid-size Data Center
- Enterprise Data Center
- Large Data Center
Global Data Center Solutions Market, by Vertical
- Telecom and IT
Global Data Center Solutions Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
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