Global Smart Data Center Market: Introduction
A smart data center can be referred to as a pre-engineered data center analytic solution which integrates advanced data center analytics and IT automation. Smart data center uses artificial intelligence (AI) to optimize data center performance with the focus on reducing the cost and related IT risks. Many companies such as Huawei provide cloud-based platforms and access dashboards as well as on-premise models. The flexible option eliminates the need to buy any software licenses or hardware.
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Global Smart Data Center Market – Dynamics
Adoption of Data Center Virtualization and Cloud Computing
Virtualization is the process of forming various logical devices from a single physical device. The growing demand from organizations in the area of real time user interaction, provision of on- demand services, efficient use of storage devices, and control over data center networks are some of the key driving factors of the smart data center market. The rising adoption of cloud computing and virtualization is paving the way for the demand for several data center products such as smart data centers, thereby reinforcing the market’s growth.
Improves Operational Efficiency
Smart data centers have reportedly increased the efficiency of companies with respect to reduction in IT risk and operational cost for the long term. The cost of conventional data centers is comparatively high, which restricted companies from investing more. But, the ROI with respect to investment has increased with smart data centers. Adoption by SMEs and startups has also increased, which is driving the growth of the smart data center market.
Lack of Professional Expertise with Regards to Artificial Intelligence and Data Center Management
The number of professional experts in artificial intelligence and with the skill set to manage smart data centers is comparatively less. The level of HDI is low, majorly in Asia Pacific and South America compared to other regions. Therefore, the number of skilled and professional workers is low in these regions. Lack of awareness and low HDI is restricting the growth of the smart data center market.
North America Expected to Dominate the Global Smart Data Center Market
In terms of region, the global smart data center market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the global smart data center market during the forecast period, due to strong dominance in artificial intelligence.
COVID-19 Impact on the Global Smart Data Center Market
It is estimated that the lock down period in many countries across the globe due to the outbreak of COVID-19 has moderately impacted the investment in data center technologies as it requires large initial capital. outlay. However, it is expected that the impact will flatten by mid 2021.
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Global Smart Data Center Market – Competitive Landscape
- In March 2020, Huawei announced plans for an Intelligent Data Center Service which will help design, build, and operate efficient facilities, which use artificial intelligence (AI) to reduce power usage effectiveness (PUE) by up to 15%.
Huawei Technologies Co.
Established in 1987, Huawei’s Smart Data Center Facilities Solution provides a modern foundation for distributed cloud applications. Using smart, plug-and-play micro modules, the solution helps build agile, reliable, and energy-efficient data centers that feature low CAPEX. The company holds 30+ years of experience in the ICT field, and covers the whole data center process from construction to operation and maintenance.
Global Smart Data Center Market: Segmentation
The global smart data center market can be segmented based on:
- Enterprise Size
Global Smart Data Center Market, by Enterprise Size
Based on enterprise size, the global smart data center market can be divided into:
- Small & Medium Enterprises
- Large Enterprises
Global Smart Data Center Market, by Deployment
Based on deployment, the global smart data center market can be divided into:
- Software as a Service
Global Smart Data Center Market, by Industry
Based on industry, the global smart data center market can be divided into:
- Banking, Financial Services & Insurance
- Telecom & Information Technology (IT)
- Wholesale Distribution
- Non-profit Organizations
- Food and Beverage
- Others (Hospitality, Government, and Public Sector, etc.)
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.