A good design is important for a data center, but it is not the only thing that matters. Each phase of a data center’s life cycle needs to be handled properly for it to remain efficient and available. According to a research report by Market Research Future, Data Center Life Cycle Services Market is expected to be worth around $300 billion by 2030. The market is expected to grow at a rate of 13% during the forecast period.
The value of the Global Data Center Life Cycle Services Industry will go up in the next few years because of the high demand for and technological advancements in cloud computing. In the future, this market will see a lot of improvement and growth.
North America to lead the Data Center Life Cycle Services Market
The North American region is expected to grow the fastest during the forecast period. It is also expected to dominate the global market in the coming years. This is due to rapid technological advancements and the development of key players in developed countries like the United States and Canada.
The United States and Canada are expected to lead the growth of the data center life cycle services market. This is due to the number of cloud-based data centers in that region, as well as advancements in technology. The software-defined data center (SDDC) market size is expected to grow by USD 84.59 billion from 2021 to 2026 and 46% of the market’s growth is expected to originate from North America during this period. The US is the key market for the SDDC market in North America. The rise in cloud adoption is driving the SDDC market growth in North America.
The region also has a well-established infrastructure, enabling greater device penetration and high-speed connectivity.
APAC and Europe favor growth of Data Center Life Cycle Services Market
The Asia-Pacific region is expected to have significant growth in the market during the forecast period. This growth is being fueled by rising key players in developing countries such as India and China. The data center life cycle services market in the APAC is expected to contribute more rapidly to revenue growth, due to rising demand for cloud-based and cost-effective services.
The European region is expected to have the largest market share after the Americas. The key players are focusing on investing in research and development. This will help them stay ahead in the Data Center Life Cycle Services Business and earn more revenue in the coming years.
The Middle East and the African region will have slower growth than other regions. This is because the key players in these regions have not developed as much, and technological advancements are comparatively slower than in other regions.
Key vendors in the market
The Data Center Life Cycle Services Business is a booming industry, with major players taking advantage of government support and consumer trends to their favor. The post-pandemic era has led many companies into stability as they focus on protecting future business interests. The leading companies are expanding their business through acquisitions or mergers; some are even launching new products!
Some of the key vendors in the market are IBM Corporation (US), Schneider Electric (France), CA Technologies (US), Huawei Technologies Co. Ltd. (China), Raritan (US), Nlyte Software (US), Fieldview Solutions, HP (US), Optimum Path Inc. (US), Vertiv (US).
Get the complete report here.
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