Data Center Infrastructure Market size is set to surpass USD 120 billion by 2028, according to a new research report by Global Market Insights Inc.
Growing urbanization across the globe will augment the data center infrastructure market growth. Several individuals are migrating to metropolitan cities, such as Tokyo, Delhi, Jakarta, and New York, for better healthcare, professional opportunities, education, and lifestyle. In 2021, nearly 4.46 billion people lived in urban areas and as per the World Bank, in 2020, the global urban population increased from around 55.7% to nearly 56.1% of the world population. This factor has surged internet usage and data generation across these areas, encouraging the companies to modernize their IT infrastructures. This factor will also, boost the demand for cooling hardware, DCMI, and high-end networking solutions to efficiently manage back-end activities.
The COVID-19 pandemic supported the rising data center infrastructure market. The spread of the virus in workplaces resulted in the temporary closure of offices and manufacturing plants worldwide, impacting day-to-day operations. This has fast-tracked the integration of advanced solutions, such as cloud computing, deep learning, and AI, with their existing systems across different sectors. Through this, businesses are focused on addressing challenges such as labor shortage, high overall cost, and inconsistency in production efficiency. To handle these changes, the requirement for data center infrastructure hardware & software has increased in recent years.
Growing focus on preventive maintenance to fuel the data center infrastructure management (DCIM) market expansion
Get more details on this report - Request Free Sample PDF
Increasing concerns on the management of systems & predictive maintenance to reduce system downtime and failure have propelled the DCIM market demand. The technology addresses the exclusive requirements of server platform management in the internet portal data centers and is essential in high-density data centers with large numbers of installed servers. Through this, companies aim to reduce the complexity & cost of server platform management by defining an accurate set of platform monitoring capabilities to deliver an interoperable, reliable, cross-vendor manageability, and stable network. It assists them in decreasing the chances of system downtime, enabling companies to offer a consistent service to their end-users.
Browse key industry insights spread across 335 pages with 300 market data tables and 35 figures & charts from the report, “Data Center Infrastructure Market Size By Product (Cooling, Power, UPS, IT Racks & Enclosures, LV/MV Distribution, Networking Equipment, DCIM), By Component (Hardware, Software, Services), By Application (BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, IT & Telecom), COVID-19 Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028”, in detail along with the table of contents:
Expansion in the IT & Telecom industry to enhance the data center infrastructure sector
Government authorities across the globe are introducing new initiatives to accelerate the current IT & telecom infrastructure development. For instance, in November 2021, the U.S. government passed the Bipartisan Infrastructure Law to upgrade the energy infrastructure, public transit systems, and inculcate sustainable practices in the system. Under the law, the administration has allotted around USD 65 billion to broadband infrastructure and to provide a high-speed internet connection to the population. The Act will also support in lowering the prices of internet services. It will also surge the total active internet users and increase the need for next-generation servers, GPUs & cabling systems. To maintain the proper functioning of these advanced equipment, the demand for IT racks & enclosures and LV/MV distribution will grow in the coming years.
Rising consumer shift toward online services in Europe will drive the market value
Europe data center infrastructure market accounted for 30% of revenue share in 2021 owing to the utilization of online services, such as OTT platforms for entertainment, contactless payment methods, and e-commerce websites, has increased in the last few years. The familiarization of these services has fostered due to the sudden occurrence of COVID-19.
Companies are focusing on strategic alliances or acquisitions to gain a competitive advantage
Prominent players operating in the data center infrastructure market are Cisco Systems, Inc., Hewlett Packard Enterprise Company, Vertiv Group Co., Dell, Inc., Eaton Corporation, Schneider Electric SE, Toshiba Corporation, Huawei Technologies Co., Ltd., Panduit Corporation, Mitsubishi Electric Corporation ABB Ltd., Degree Controls, Inc., ClimateWorx International, and Black Box Corporation. These leaders are focusing on developing strategic partnerships with other industries to boost R&D activities and secure a differentiated positioning.