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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, Application Potential, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI2195
  • Published Date: Jan 2023
  • Report Format: PDF

Industry Statistics

Data Center Services Market size was worth more than USD 15 billion in 2022 and is projected to depict over 15% CAGR from 2023-2032. The steady rise in the number of data center construction activities worldwide will complement the industry outlook.
 

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Emergence of disruptive technologies and trends, such as robots, driverless cars, and AI/IoT-enabled devices has led to a massive rise in data traffic, fuelling the need for new data centers. Lately, the strong digitalization of work and lifestyles has transformed the global economy and society radically with the rapid penetration of smartphones, connected devices, surveillance systems, and high-resolution tools. As a result, the preference for stronger network bandwidth has emerged stronger with soaring demand for high computing power and larger storage capacity data centers.
 

Surge in privacy breaches to hamper data center services industry

The increase in data security concerns, cyber-attacks, and privacy breaches could restrain the data center services market outlook in near future. The rising dependence on digital systems for work, education, entertainment, and even day-to-day transactions is fueling the susceptibility to cybersecurity breaches. The sophistication of cyberattacks has resulted in record-high public data breach incidents over the past few years.
 

Thriving demand for large data centers to match surging data traffic & private cloud adoption

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In terms of revenue, data center services market share from large data centers is anticipated to reach USD 30 billion by 2032. Large businesses are turning to private cloud, driving the industry growth. Cloud and large data centers as a service are gaining significant momentum owing to advanced capabilities such as massive volume of data handling capacity as compared to on-premise counterparts. The increasing data traffic and the growing need for the management of large data volumes are further encouraging the adoption of large data centers for their high processing speeds.
 

Rising need for training services to limit high complexity of modern data centers

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for data center services was worth more than USD 15 billion in 2022 and is expected to depict over 15% CAGR from 2023-2032.
Data center services industry valuation from large data centers is anticipated to reach USD 30 billion by 2032 due to the rising adoption of private cloud among large businesses.
Europe data center services industry size is projected to expand at over 10% CAGR between 2023-2032 driven by the increasing deployment in the automotive sector.
Cisco Systems, Inc., IBM Corporation, Huawei Technologies Co., Ltd., Equinix Inc., HCL Technologies Ltd., and Fujitsu Ltd. are some major companies in the data center services market.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 282
  • Countries covered: 16
  • Pages: 300
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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