Data Center Infrastructure Market anticipated to grow substantially over 2018-2024
Date: 2018-08-22   Author: Ronak Bora  Category: #market

Data Center Infrastructure Market anticipated to grow substantially over 2018-2024

The trend of rapid urbanization across the world is projected to contribute as a major factor, which will drive the data center infrastructure market growth in the coming years. There is a rise in the number of people using smartphones, which has led to the increasing requirements for enhanced data storage needs. Several countries are focusing on the adoption of IoT and connected technologies for enhanced industrial processes, which is contributing to massive data generation, thereby increasing the needs for the data-center infrastructure market.

Data Center Infrastructure Market set to reach USD 90 billion by 2024. The widespread adoption of cloud-based computing and IoT services across the globe in recent years has contributed to the data center infrastructure market growth. IoT deployments will generate large amounts of data that needs to be processed & analyzed in real-time and the network connections are spread across a large geographical area and virtual space, owing to which the demand for these facilities is anticipated to witness an exceptional growth in the forecast timespan.

The rising cost of raw materials and the increasing requirement of a skilled labor force are expected to hamper the data center infrastructure market growth. The advancements in the technology have resulted in the components being more sophisticated and expensive to manufacture. These advancements in the technology have also made it necessary for the labor force to be skilled, which has resulted in additional capital costs to train the labor force. These factors are projected to hamper the data center infrastructure market growth.

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In the data center infrastructure market, DCIM is expected to witness a high growth rate owing to the high demand for management services across several industry verticals. DCIM enables the organizations to efficiently manage their resources, improve the throughput, and satisfy the energy consumption regulations, thereby assisting the organizations to develop cost-effective methods and enable a high profit generation. These services allow efficient means of management & monitoring of the facility by optimizing the cooling, power consumption, and space. The rising awareness about energy efficiency is expected to encourage the adoption of DCIM services.

In the Asia Pacific data center infrastructure market, countries including India, China, Japan, and Australia are expected to maintain a high demand. The region is witnessing a large-scale adoption of cloud-based services owing to the increasing number of businesses in the recent years. Various government initiatives, such as Smart Cities and Digital India are further boosting the implementation of IoT and cloud-based computing in the region thereby providing an impetus to the data center infrastructure market growth.

Players operating in the data center infrastructure market include ANEXIA Internetdienstleistungs GmbH, Airedale International Air Conditioning Ltd., Asetek, ClimateWorx International, Black Box Corporation, Degree Controls, Inc., Eaton Corporation Plc, Dell, Inc., and Panduit Corporation. These players are expected to enter into collaborations, mergers, and partnerships to maintain their market foothold. They are developing innovative technologies, which will control the power consumption of IT components such as servers, network systems, and storage systems.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for AlgosOnline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.


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