Data Center Equipment Market Size, Industry Outlook, Regional Analysis, Application Development, Competitive Landscape & Forecast, 2020 - 2026
Report ID: GMI1895
Data Center Equipment Market size will have significant growth prospects owing to the rising demand for huge data storage capabilities, high security, and better operational efficiency. Growing applications of these devices in banking, healthcare, telecommunication, manufacturing, and retail sectors are likely to fuel the industry growth.
Increasing virtual servers’ use by the enterprises and individuals is a substantial factor driving the industry growth. Virtual servers can resolve inadequacy in power utilization issues, thus boosting the industry growth. Many business organizations are dependent on these devices owing to their reduced operational cost and increased productivity benefits. Growing adoption of big data and cloud services for business and private applications will support the industry growth over the forecast timeline. Further, the growing concern for safe information storage and backup is augmenting the demand for the smart devices.
Improvements in current photovoltaic solar panels, as well as the introduction of advanced photovoltaic technologies, are anticipated to improve the device’s frequency in future. In addition, the provision of government incentives for renewable energy generation will increase the acceptance of green data centers. The adoption of modern technologies will make these information centers more virtual, greener, and converged with the cloud. Such changes will help the end users in minimizing the operational cost, lowering the physical space and capital requirement, and thereby driving the growth of data center equipment market during the forecast period. Moreover, the introduction of software-defined data centers will provide significant growth opportunities to the market in the coming years.
However, high power consumption along with cooling and efficient power infrastructure need will restrain the data center equipment market growth. The lack of skilled workers will also hamper the data center equipment market growth.
By product, the data center equipment market is segmented into servers, power distribution systems, and network equipment. Servers are expected to have the highest market share among the product segment followed by the networking equipment. The demand for servers is increasing owing to the requirement for centralized information storage by the organizations for efficient and smooth operations.
Government, retail, manufacturing, healthcare, banking, telecommunications, and BFSI are the application areas for the data center equipment market. The telecommunication is expected to lead the application segment owing to the growing internet-enabled service applications. Telecommunication sector has a huge requirement of smart devices, which can handle the massive amount of information with integrity, high standards, and safety in IT fields as it produces huge information in the form of large customer database, call records, and sales.
The U.S. is anticipated to hold the largest share in the data center equipment market.. This growth is driven by a wide adoption of cloud services and development in the telecommunication sector, server virtualization, and technological advancements. Moreover, Asia Pacific has the highest internet subscriber base and thus will witness a rapid growth of internet-based services. This trend will help this region to emerge as the potential market and have growth prospects over the forecast period.
Currently, many companies are providing advanced products according to the consumer needs. Some of the key players in the data center equipment include Digi International, Emulex Corp., Cisco Systems, Inc., Brocade Communication Systems, Inc., F5 Networks, Schneider Electric, NEC Corp., Meru Networks, Hewlett-Packard, and Alcatel-Lucent. These key players are bringing new products with advanced technologies and are engaged in acquisitions, alliances, and industry consolidations to remain competitive in the industry. In January 2017, Hewlett-Packard launched a range of products in collaboration with Schneider Electric. The company’s new products include power distribution, security, IT, and cooling equipment. Additionally, in February 2015, Alcatel-Lucent launched 400G IP router interface, which would allow the information transmission between the current Alcatel-Lucent IP routers at a speed of 400 gigabits-per-second. This launch would provide operators a bigger advantage to push the limits of their IP network capabilities.
What Information does this report contain?
Customize this Report
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability
Take a free trial of GMIPuse, our report store; designed to provide clients a range of market research services, all on a single platform.Start Your Free Trial
Benefits of Association
Data Coverage & Quality
GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.
Client Trust & Security
GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.
Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.