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Data Center Equipment Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI1895

Data Center Equipment Market size will witness notable proceeds from 2023 to 2032. This growth is on account of the consistent developments in social media and big data. The recent influx of digitization of information across numerous organizations, along with the rising requirement for high security, data backup, storage capabilities, and better operational efficiencies, has made way for personalized data centers. The increasing deployment of quantum computing is another key factor poised to drive market expansion.
 

According to IT experts, the data center industry is expected to witness plethora of new trends in technologies and practices over the due course of time. The leading impactful technology trends shaping the data center industry include Cloud Computing, Hybrid Cloud, Hyperscale Data Centers, 5G Networks, and Edge Computing and Automation.
 

Long-term effects of the conflict in Ukraine and the accompanying economic sanctions against Russia are expected to be felt by economies and supply lines outside of Eastern Europe. Data centers are at the center of the world's digital infrastructure. They will likely be impacted due to ongoing war conditions, challenging the market scope for data center equipment.
 

Moreover, despite the possibility of rising demand for leased data center space, the buildings themselves may be exposed to a range of hazards, both online and offline in the war zones. Datacenter supply shortages may also result in supply chain constraints, raising prices, and possibly delaying provider expansions.
 

By product, the servers segment is anticipated to record significant share through 2032, with the increasing need to make data accessible to computers in data centers. They operate in a central location and offer centralized information storage and processing to assist organizations with efficient and smooth operations.
 

Considering the application, data center equipment market share from telecommunications segment would garner profitable gains over the next 10 years. The growth can be ascribed to the proliferating demand for internet-enabled services. The rising penetration of online banking and electronic stock trading has highlighted the need for integrity, high standards, and safety to handle the massive amount of information. The surging requirement for data storage and management in the healthcare sector to handle electronic medical records will contribute to the market demand.
 

Based on the regional outlook, the U.S. will emerge as a lucrative revenue pocket for the data center equipment market owing to the expanding telecommunication sector and technological innovations. Growing product applications for business operations and data generation, including e-discovery, increasing acceptance of cloud services, and server virtualization, will remarkably add to the regional growth.
 

Major companies operating in the data center equipment market are Digi International, Alcatel-Lucent, Brocade Communication Systems, Inc. (Broadcom Inc.), Meru Networks (Fortinet), Hewlett-Packard, Emulex Corp. (Broadcom Inc), F5 Networks, Schneider Electric. Novel product launches for portfolio expansions and partnerships through acquisitions and mergers are major business strategies undertaken by the leading data center equipment providers to reinforce their global presence and gain a competitive edge.
 

What Information does this report contain?

Historical data coverage: 2018 to 2022; Growth Projections: 2023 to 2032.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
Authors: Preeti Wadhwani

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