Data Center Services Market Predicted to Grow At More Than 15 % CAGR till 2032

Data Center Services Market is projected to cross USD 70 Bn by 2032, owing to the increasing number of SMEs in developing countries. As per reports, SMEs generate a huge amount of data, which is anticipated to fuel the demand for the data center services during the next ten years. Besides, the data center offers cost-effective services, a robust software and hardware ecosystem, great system performance, and instant scalability, which will further propel its adoption by 2032.

In addition, certain government-backed initiatives are also adding impetus to the data center services market. For instance, the governments of several countries, such as China and India, are offering financial aid, tax incentives, and technical support to local SMEs to support products made in their countries. According to reports, in 2021-22, India received the highest FDI, valued at nearly USD 83.6 billion. This FDI came from 101 countries and was invested across 57 sectors and 31 UTs and states. In addition, India is all set to attract an FDI of USD 100 billion in 2023.

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Considering the type, the consulting services segment is slated to grow at over 10% CAGR through 2032. Data center consulting services help fulfill the prerequisites of innovation through best-in-class data center design services, ranging from initial consultation to the modernization of existing facilities. It also helps enterprises create agile and cost-efficient data centers.

Based on data center size, the small data centers segment is expected to expand at a rapid pace through 2032. Small data centers help organizations maintain data at a low cost within a limited space. In addition, several benefits provided by small data centers, such as consuming less energy and flexibility (which can be scaled up as and when needed), will most likely fuel their adoption in the following years.

By application, the colocation industry is slated to depict over 15% CAGR by 2032 end. Advantages of colocation such as better connectivity, improved network security, redundant power supplies, burst capability, and room for growth are some of the key benefits, that are slated to increase its deployment in the future.

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Regionally, the North America data center services industry was valued at over USD 6 billion in 2022 and is further anticipated to grow considerably in the next decade. The regional market growth will be accredited to the digital transformation initiatives taken by the U.S., Canada, and Mexico governments in various domains.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    Data Center services industry 360⁰ snapshots, 2018-2032

2.2    Business trends

2.2.1    Total Addressable Market (TAM), 2023 - 2032

2.3    Regional trends

2.4    Type trends

2.5    Data center size trends

2.6    Application trends

Chapter 3   Data Center Services Industry Insights

3.1    Introduction

3.2    Industry landscape, 2018-2032

3.3    COVID-19 impact

3.3.1    Global outlook

3.3.2    Impact by region

3.3.2.1   North America

3.3.2.2   Europe

3.3.2.3   Asia Pacific

3.3.2.4   South America

3.3.2.5   MEA

3.4    Russia-Ukraine war impact

3.5    Data Center Services industry ecosystem analysis

3.5.1    Raw material suppliers

3.5.2    Component suppliers

3.5.3    Manufacturers

3.5.4    Technology/software providers

3.5.5    System integartors

3.5.6    Distributors

3.5.7    Service providers

3.5.8    Vendor matrix

3.6    Profit margin analysis,2022

3.7    Technology & innovation landscape

3.8    Patent landscape

3.9    Key initiative & news

3.10    Regulatory landscape

3.10.1    International

3.10.2    North America

3.10.3    Europe

3.10.4    Asia Pacific

3.10.5    South America

3.10.6    MEA

3.11    Industry impact forces

3.11.1    Growth drivers

3.11.1.1    Increase in the number of data center construction projects worldwide

3.11.1.2    Increased adoption of digital technology by SMEs

3.11.1.3    Growing trend of data center colocation

3.11.1.4    Expanding industrial sector with innovative digital technology in Asia Pacific

3.11.1.5    Increase in usage of OTT services across South America and MEA boosting the demand for data centers

3.11.2    Industry pitfalls & challenges

3.11.2.1    Data security concerns and privacy breaches

3.11.2.2    Lack of robust IT infrastructure in remote regions limiting the demand and adoption of advanced services

3.12    Investment portfolio

3.13    Growth potential analysis

3.14    Porter’s analysis

3.14.1    Threat of new entrant

3.14.2    Bargaining power of supplier

3.14.3    Bargaining power of buyer

3.14.4    Threat of substitution

3.14.5    Competitive rivalry

3.15    PESTEL analysis

3.15.1    Political

3.15.2    Economical

3.15.3    Social

3.15.4    Technological

3.15.5    Legal

3.15.6    Environmental

 

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