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The Data Center Maintenance and Support Services Market size is forecast to increase by USD 11.31 billion, at a CAGR of 12.45% between 2023 and 2028. The growth rate of the market depends on several factors, including the rise in data center spending, the growing data center complexities, and the increasing demand for wholesale colocation from global cloud service providers.
The market growth and forecasting report includes key player's detailed analyses of the competitive landscape of the market and information about 15 market companies, including Capgemini Service SAS,Carrier Global Corp., Cisco Systems Inc., Dell Technologies Inc., Equinix Inc., Fujitsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Huawei Technologies Co. Ltd., International Business Machines Corp., Iron Mountain Inc., Kyndryl Inc., Larsen and Toubro Ltd., Lenovo Group Ltd., Nokia Corp., Nippon Telegraph And Telephone Corp., Schneider Electric SE, Sify Technologies Ltd., Telefonica SA, Vaisala Oyj, and Vertiv Holdings Co. Additionally, Capgemini provides comprehensive data center maintenance and support services, including their end-to-end data center migration methodology. This methodology facilitates the effective management, utilization, storage, and integration of data.
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One of the key factors driving the market growth is the growing data center complexities. The use of business applications by enterprises is growing as these applications perform different business functions, increase productivity, and measure productivity. In addition, with increased virtualization, the number of business applications are replicated with every virtualized instance; this can create high data storage requirements and data center complexities.
Moreover, data center complexities are also a result of mobile computing and cloud computing technologies. In addition, complexities in data center organizations lead to extra costs; they also reduce agility and increase downtime. Furthermore, to mitigate the risk of downtime, which is caused by data center complexities, organizations have started adopting managed hosting services that are offered by data center service providers. Hence, such factors are driving the market growth during the forecast period.
A key factor shaping the market growth is the advances to support AI, ML, and DL technologies. Data is the most crucial aspect of an enterprise's decision-making process. In addition, the success of an enterprise depends on how effectively it analyzes data. Furthermore, enterprises are increasingly implementing new data analysis models using advanced technologies such as AI, big data, ML, and DL on huge volumes of datasets.
However, the current server estate (of x86 servers) of many organizations and data center service providers is not enough to handle such heavy and complex workloads. Therefore, manufacturers are introducing new server designs with high computation power. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
Difficulty in monitoring edge data center equipment across multiple locations is one of the key challenges hindering market growth. A data center management and support service provider manages data center power distribution and provides maintenance services for equipment in data centers. In addition, monitoring edge data center equipment across multiple locations is difficult because edge sites house their own power and cooling systems.
Moreover, maintaining an accurate inventory of all assets across these sites requires real-time views of cabinet equipment such as servers, networking equipment, PDUs, and patch panels, as well as infrastructure devices and structured cabling. Furthermore, deploying proactive management solutions at multiple locations of the edge data center can adversely affect the IT budget allocated by the client. Hence, such factors are hindering the market growth during the forecast period.
The IT and telecom segment is estimated to witness significant growth during the forecast period. The growth of the market in this segment is fuelled by an increase in technological advances, explosive growth in data traffic, and rising demand for digital communication and content by consumers. In addition, the telecom services industry is expected to witness steady growth with the advent of the 5G spectrum. Furthermore, various telecom organizations focus on developing and launching 5G-related products and services.
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The IT and telecom segment was the largest segment and was valued at USD 3.01 billion in 2018. Moreover, in the IT and telecom industry, the need for data centers is increasing because of the growing acceptance of network functions virtualization (NFV) to deliver end-user applications and content such as audio and video. In addition, telecommunication vendors are adopting SDN architectures for simplifying service creation and delivery. Furthermore, as the SDN architecture is implemented by using data center networking solutions, because of this the demand for data centers in the telecommunication industry is increasing. In addition, companies operating in this industry are investing in the construction of new data centers. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
The expansion of green data centers will fuel the servers segment which will increase the market growth. Servers serve as the backbone of data centers, enabling the storage, processing, and distribution of data for various applications and workloads. In addition, data center servers process data, run applications, and store the data processed by applications. Moreover, a server has memory, a network, processors, and different ports. Data center servers are configured to perform designated functions without disruptions or failures. In addition, enterprises and data center service providers aim to shift their server-related investments from the capital expenditure (CAPEX) model to the operational expenditure (OPEX) model to ensure optimal utilization of their server infrastructure while reducing costs. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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North America is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio's analysts have provided extensive insight into the market forecast, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The growing demand for data centers and servers is one of the major reasons for the increasing demand for data center maintenance and support services in this region. In addition, the need for data centers and servers is increasing because of higher investments by hyperscale cloud providers. Moreover, the rising demand for data centers in the region can be attributed to the exponential growth in data traffic from enterprises and individual consumers. Furthermore, factors such as the increasing implementation of autonomous technologies across enterprises and the growing investments in AI are fuelling the market growth in North America. Hence, such factors are driving the market growth in North America during the forecast period.
The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Carrier Global Corp: The company offers data center maintenance and support services such as Nlyte software. It provides data center infrastructure management DCIM, a colocation solution, hybrid cloud infrastructure, and building management system optimization through its subsidiary Nlyte Software Ltd.
Market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
The market is witnessing the impact of disruptive technologies, including robots, driverless cars, and AI/IoT-enabled devices. As digitalization transforms lifestyles and the global economy, an increasing number of smartphones and connected devices contribute to the exponential growth of data. Surveillance systems equipped with high-resolution tools add to the demand for network bandwidth, computing power, and storage capacity.
However, this digital revolution also raises concerns about privacy breaches, leading to a surge in Data Security concerns and the need for robust cybersecurity measures. With the sophistication of cyberattacks, Digital Systems are vulnerable, prompting the need for reliable Data Center Maintenance and Support Services to address potential cybersecurity breaches. Public data breach incidents highlight the importance of securing large data centers, especially those supporting private cloud infrastructure. As the world becomes more interconnected which resulted in the demand for data center services continues to grow. Businesses and organizations recognize the critical role of professional maintenance and support services to safeguard their digital infrastructure and prevent disruptions due to cyber threats. In this era of rapid technological advancements, ensuring the reliability and security of data centers is paramount to sustaining the digital ecosystem.
Data Center Maintenance And Support Services Market Scope |
|
Report Coverage |
Details |
Page number |
191 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12.45% |
Market Growth 2024-2028 |
USD 11.31 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
11.8 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 34% |
Key countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Capgemini Service SAS, Carrier Global Corp., Cisco Systems Inc., Dell Technologies Inc., Equinix Inc., Fujitsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Huawei Technologies Co. Ltd., International Business Machines Corp., Iron Mountain Inc., Kyndryl Inc., Larsen and Toubro Ltd., Lenovo Group Ltd., Nokia Corp., Nippon Telegraph And Telephone Corp., Schneider Electric SE, Sify Technologies Ltd., Telefonica SA, Vaisala Oyj, and Vertiv Holdings Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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