Data Center Services Market Size By Type (Installation & Integration, Training, Consulting, Maintenance & Support), By Data Center Size (Small Data Center, Medium Data Center, Large Data Center), By Application (BFSI, Colocation, Energy, Government, Healthcare, IT & Telecom, Manufacturing), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027

Published Date: Jan 2021  |  Report ID: GMI2195  |  Authors: Preeti Wadhwani, Saloni Gankar

Report Format: PDF   |   Pages: 300   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Data Center Services Market size exceeded USD 15 billion in 2020 and is set to grow at 10.5% CAGR from 2021 to 2027. The high demand for maintaining optimum operations and maximum productivity during infrastructure upgrades and storage transformation is expected to fuel the industry growth.
 

A sharp rise in the number of new data center establishments globally will drive the demand for services that enable maximum throughput from facilities. For instance, in August 2020, Zoom Video Communications launched a data center in Singapore to cater to the growing demand for its video conferencing platform in the country. Similarly, in June 2020, Oracle Corporation launched its second data center in India to accelerate digital transformation and economic growth. Established market players expanding their data center footprint will focus on employing sophisticated services that ensure optimal performance.
 

Data Center Services Market

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The growing adoption of digitalization across developed & developing economies has stressed the existing data center facilities, boosting the demand for services that ensure optimal functioning of infrastructures. Data center services enable the efficient establishment and functioning of the infrastructure from initial installation to post-deployment maintenance. These services help businesses in minimizing the risk of system downtime, managing scalability requirements, and regulation compliance in a cost-effective manner. These benefits enable businesses to focus on their core competencies that enhance financial & operational efficiency, customer satisfaction, and management of IT infrastructure.
 

The ongoing coronavirus (COVID-19) pandemic has negatively impacted the economic growth and the data center services market in FY2020. New data center construction projects were halted during the lockdowns imposed by government authorities to maintain social distancing to stop the spread of the virus. These halts, in turn, have hampered the demand for data center services during the first half of the year. However, with relaxation in lockdowns and resumption of industrial activities, the market will witness significant growth. The growing adoption of technologies, such as video conferencing and video on-demand, will stress the need for efficient data center services that support increasing workloads and scalability.
 

Data Center Services Market Report Coverage
Report Coverage Details
Base Year: 2020 Market Size in 2020: USD 15 Billion (2020)
Historical Data for: 2016 to 2020 Forecast Period: 2021 to 2027
Forecast Period 2021 to 2027 CAGR: 10.5% 2027 Value Projection: USD 25 Billion (2027)
Pages: 300 Tables, Charts & Figures: 282
Geographies covered (21): U.S., Canada, Mexico, UK, Germany, France, Italy, Spain, Poland, Benelux, China, India, Japan, Singapore, Australia, Brazil, Chile, Peru, Argentina, GCC, South Africa
Segments covered: Data Center Size, Type, Application and Region
Companies covered (20): ABB Ltd, Cisco Systems, Inc, Dataspan, Dell Inc., DXC Technology, Eaton Corporation Equinix, Inc. , Fujitsu Limited, HCL Technologies Ltd, Hewlett Packard Enterprise Limited, Hitachi Ltd., Huawei Technologies Co. Ltd, Hypertech, IBM Corporation, Megahertz Infotech, Schneider Electric SE , Siemens AG, Sift Technologies Ltd. Vertiv Group Co, Workspace Technology Limited
Growth Drivers:
  • Rise in the number of data center construction projects globally
  • Growing trend of data center colocation in North America and Europe
  • Expanding industrial sector using advanced digital technology in Asia Pacific
  • Rise in the number of SMEs adopting digital technologies
  • Growing use of OTT services across South America and MEA boosting the demand for data centers
Pitfalls & Challenges:
  • Data security concerns and privacy breaches
  • Lack of robust IT infrastructure in remote regions limiting the demand and adoption of advanced services

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Data center services market to see high demand as it enables businesses to design IT infrastructures customized to specific business requirements

The consulting services market in the U.S. is poised to achieve around 6% CAGR through 2027 owing to a rise in the acceptance of technologies, such as the Cloud, 5G, and AI, increasing the implementation of advanced micro & edge data centers.
 

Consulting services enable organizations to efficiently transit from traditional facilities to modern infrastructures. Micro & edge data centers have become more vital for organizations as they capitalize on market trends such as cloud computing and IoT. The increasing penetration of modern technologies will spur the demand for consulting services that offer precise guidance on the latest technologies based on specific business requirements.
 

Increasing IT complexities in large data center facilities to boost demand for efficient data center services

In 2020, global data center services market for large facilities was worth around USD 5 billion and is likely to expand at 12% CAGR during 2021 to 2027. As large businesses increasing their IT requirements grow, demand for expansive data center establishments to keep up with competitive market demands will increase. This further drives the complexity associated with hardware, servers, and networking equipment. Operators require sophisticated data center services to manage the storage and networking equipment.
 

As data center downtime can result in huge financial losses, there is a growing demand for services that ensure timely maintenance of assets. Data center services enable large data center operators to minimize energy consumption and boost the management of extensive hardware infrastructure.
 

Increasing colocation data centers in Europe will provide strong market growth opportunities

Germany Data Center Services Market

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The data center services market from colocation applications in Europe accounted for around 30% share in 2020 and is projected to register growth rate of above 14% till 2027. Data center colocation providers employ advanced technologies to ensure the optimum functioning of assets to ensure customer satisfaction. A rise in the number of SMEs in Europe has resulted in growing popularity of colocation services in the European market.
 

Colocation providers are increasingly supporting their presence in the region. For instance, in March 2020, Equinix, Inc. opened its third data center in Poland. The facility offers 475 cabinets and around 1,400 square meters of colocation space. Similarly, in July 2019, Digital Reality established data centers in Frankfurt, Germany. As colocation providers focus on enhancing their offerings to sustain the increasing market competition, there will be a high demand for data center services for optimal infrastructure management.
 

The growing cloud market in Asia Pacific will propel the demand for sophisticated data center services

APAC Data Center Services Market Size

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The Asia Pacific data center services market share is forecast to grow at 13% CAGR over 2021 to 2027. The China data center market will grow at considerable rate due to the growing popularity and adoption of cloud computing technology. The incorporation of cloud technology has resulted in the rising demand for massive storage requirements, in turn, driving the demand for data center services.
 

In April 2020, Alibaba Cloud announced that the company will invest USD 28 billion over the next three years to build high-performance data centers in the market. In July 2020, the company announced its plans to launch its third data center in Indonesia in 2021 to support Alibaba Cloud services. The expanding cloud industry will spur the demand for data center consulting, training, and integration services.
 

Focus on introducing data center services catering to the changing business requirements forms a key trend among industry players

Key players operating in the data center services market include IBM Corporation, Cisco Systems, Inc., Schneider Electric SE, Dell, Inc., Equinix Inc., Huawei Technologies Co., Ltd., Fujitsu Ltd., HCL Technologies Ltd., and Hewlett Packard Enterprise Company.
 

Companies are offering innovative solutions for different industry verticals. The increasing adoption of advanced technologies encourages data center service providers to launch innovative services catering to specific end-user requirements.
 

This market research report on data center services includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027 for the following segments:
 

Market, By Services

  • Installation & Integration services
  • Training Services
  • Consulting Services
  • Maintenance & Support
  • Others

Market, By Type

  • Small data centers
  • Medium data centers
  • Large data centers

Market, By Application

  • BFSI
  • Colocation
  • Energy
  • Government
  • Healthcare
  • IT & Telecom
  • Manufacturing
  • Others

 

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Poland
    • Benelux
  • Asia Pacific
    • China
    • India
    • Japan
    • Singapore
    • Australia
  • South America
    • Brazil
    • Chile
    • Peru
    • Argentina
  • MEA
    • GCC
    • South Africa
       

Frequently Asked Questions (FAQ) :

The global market for data center services was worth more than USD 15 billion in 2020 and is projected to expand at around 10.5% CAGR up to 2027 due to the need for optimal functioning of the facilities.
U.S. data center services industry share from the consulting segment is expected to witness around 6% CAGR between 2021-2027 with higher adoption of technologies like AI, cloud, 5G and edge computing.
The industry share from large facilities segment had reached USD 5 billion during 2020 and is projected to record over 12% CAGR through 2027.
Colocation applications held 30% of total market share of data center services in Europe in 2020 and will expand owing to the increasing number of SMEs in the region demanding colocation services.

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Premium Report Details

  • Published Date: Jan 2021
  • Pages: 300
  • Tables: 256
  • Charts / Figures: 26
  • Companies covered: 20
  • Countries covered: 21

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