Data Center Infrastructure Market worth over $90bn by 2024

Data Center Infrastructure Market size is set to exceed USD 90 billion by 2024, according to a new research report by Global Market Insights, Inc.
 

Rising digitalization and demand for online services are making it vital for the operators to store and efficiently manage the data generated, which is expected to boost the data center infrastructure market growth.

 

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Government initiatives aiding SME growth and rapid increase in the organizational data are fueling the growth of data centers. This is causing a rise in the expenditure on infrastructure technologies such as cooling, power, and networking, among others. New and advanced technologies, such as evaporative and free cooling and facilities equipped with AI, also aid in augmenting the overall efficiency of the facilities, thereby driving the market share.
 

The data center infrastructure market is witnessing new advancements in power and cooling solutions. The implementation of technologies, such as grid computing and cloud computing in facilities, influencing the market growth. The use of technological solutions, such as analytics and cloud, has compelled organizations to focus on these facilities to store information. Companies are launching new and innovative solutions to expand their market presence.
 

Europe data center infrastructure market

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Increasing number of facilities across the globe coupled with rising demand for data storage, management, and backup is expected to fuel the demand for networking equipment in the market. Networking equipment includes Ethernet switches, WAN, SD-WAN, and application delivery controllers. Growing complexity in the management of enormous data volume generated by enterprises is compelling the adoption of new infrastructure allowing security, visibility, and automation of data. Networking equipment forms a crucial part of the infrastructure. The equipment enables a strong connection between data center nodes and the equipment to ensure that they can transfer and communicate data.
 

Browse key industry insights spread across 340 pages with 327 market data tables & 54 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), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 - 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/data-center-infrastructure-market
 

Europe data center infrastructure market size is slated to reach USD 30 billion by 2024 driven by rising investments by various business and companies across the Nordic region coupled with growing number of the facilities. Among the European countries, Germany will dominate the market share due to technological developments such as Industry 4.0, big data, and cloud computing.
 

Increasing number of manufacturers is stressing on replacing human labor by automation. The incorporation of IoT and rise in number of connected devices are contributing to exponential rise in the data. Germany being a highly developed industrial sector, the country possesses a modern infrastructure and manufacturing & industrial sectors. Several manufacturing companies are stressing the need for enhanced facilities for their businesses, thereby driving the market growth.
 

Prominent companies in the data center infrastructure market are Vertiv Group Corporation, Submer Technologies Sl., Schneider Electric S.E., Rittal GmbH & Co., KG, Panduit Corporation, Eaton Corporation PLC, Dell, Inc., Degree Controls, Inc., ClimateWorx International, Black Box Corporation, Asetek, ANEXIA Internetdienstleistungs GmbH, and Airedale International Air Conditioning Ltd.
 

Intense competition is being witnessed in the industry, with several large businesses and SMBs implementing innovative and efficient infrastructure facilities for their businesses. This initiative is being undertaken by companies to withstand in the intensely competitive environment. Numerous businesses prefer the construction of new facilities to gain a competitive edge in the market.
 

Established players including Oracle, Google, and Facebook are continuously working on the deployment of advanced technologies and the need to have an integrated infrastructure. Furthermore, the initial investments incurred are typically high in the industry. The suppliers in the industry are characterized by the constant need to cater to the hyperscale companies as these companies necessitate more equipment to support their power and cooling infrastructure. They are also scaled up frequently to cater to the increasing data volumes, which will further create a challenge for the suppliers in the market.
 

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