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
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Data Center Infrastructure Market is set to exceed 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.
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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.
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.
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.
It is further imperative to mention that the data center infrastructure development is being identified as a critical asset swaying the digital economy trends. The 2015 launched Digital India initiative, which intends to secure reliable internet access nationwide further emphasizes on the growth prospects of India data center infrastructure market. Other than India, China, which is an acclaimed technology-oriented region, also adds immensely to the overall Asia Pacific data center infrastructure industry outlook. As per estimates, APAC industry is set to record a y-o-y growth of 14% over 2018-2024.
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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.
Thriving on these lucrative opportunities, it wouldn’t be wrong to say that the market is set to witness colossal commercialization opportunities in the coming years. However, the energy consumption and data security are some of the biggest challenges faced by the data center operators. The UK trade association Intellect states that a large-size data center can consume as much as 30 GWH of power annually, which is equivalent to costing the operator with electricity bill of around £4.2 million.
Nonetheless, leading data center infrastructure industry participants appear to have rolled up their sleeves to tackle these challenges and bring forth valuable advancements along these lines. A classic example of these initiatives is of Google’s DeepMind AI software, which is claimed to sizably cut on data center energy bills. Reportedly, the hyperscaler reduced electricity costs for cooling by nearly 40%, in turn reducing the overall PUE by 15%.
Table of Contents (TOC) of the report:
Chapter 4 Data Center Infrastructure Market, By Product
4.1 Data center infrastructure market share, by product, 2017 & 2024
4.2 Cooling
4.2.1 Market estimates and forecast, 2013 – 2024
4.2.2 Market estimates and forecast, by region, 2013 - 2024
4.3 Power
4.3.1 Market estimates and forecast, 2013 – 2024
4.3.2 Market estimates and forecast, by region, 2013 - 2024
4.3.3 UPS
4.3.3.1 Market estimates and forecast, 2013 – 2024
4.3.3.2 Market estimates and forecast, by region, 2013 - 2024
4.4 IT racks & enclosures
4.4.1 Market estimates and forecast, 2013 – 2024
4.4.2 Market estimates and forecast, by region, 2013 - 2024
4.5 LV/MV distribution
4.5.1 Market estimates and forecast, 2013 – 2024
4.5.2 Market estimates and forecast, by region, 2013 - 2024
4.6 Networking equipment
4.6.1 Market estimates and forecast, 2013 – 2024
4.6.2 Market estimates and forecast, by region, 2013 - 2024
4.7 DCIM
4.7.1 Market estimates and forecast, 2013 – 2024
4.7.2 Market estimates and forecast, by region, 2013 - 2024
Chapter 5 Data Center Infrastructure Market, By Component
5.1 Data center infrastructure market share, by component, 2017 & 2024
5.2 Hardware
5.2.1 Market estimates and forecast, 2013 – 2024
5.2.2 Market estimates and forecast, by region, 2013 - 2024
5.3 Software
5.3.1 Market estimates and forecast, 2013 – 2024
5.3.2 Market estimates and forecast, by region, 2013 - 2024
5.4 Service
5.4.1 Market estimates and forecast, 2013 – 2024
5.4.2 Market estimates and forecast, by region, 2013 - 2024
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