The global data center transformation market size was valued at USD 7.8 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 13.5%% from 2022 to 2030.
The most crucial data and applications are kept by enterprises in a data centre, which is a real-world location. The design of a data centre is based on a network of computers and storage spaces that make it possible to deliver shared applications and data. Routers, switches, firewalls, storage units, servers, and application delivery controllers are the major components of a data centre design. As these components manage and hold vital business data and applications, data centre security is essential for data centre design. In order to support the center’s hardware and software, data centre components require substantial infrastructures. They include continuous power supplies, ventilation systems, cooling systems, external network connections, and backup generators (UPS).
The Data Center Transformation Market – Growth Factor
Due to increased investment in data centre technologies, there will likely be an increase in demand for data centre transformation. The data centre transformation market benefited from the COVID-19 pandemic. The pandemic is increasing the leading players’ inclination toward data security, which is creating growth opportunities for the data centre transformation market. In order to stay competitive, businesses across the globe are working to accelerate their digital transformation initiatives. The majority of consumer time is now spent online. The pandemic made it challenging for businesses of all sizes, particularly small ones, to maintain on-premises servers, which has resulted in an increase in demand for data centres with more storage.
Data centre transformation is the process of altering a data centre to increase its overall usefulness and performance. It is a significant transformation endeavour that has an impact on a number of crucial data centre usage factors, including hardware configurations, users, and business processes. The need for data centre transformation is increasing as enterprises become more cognizant of the recent trend of physical site consolidation. The Data Center Alliance estimates that 62% of data centres are making an effort to consolidate in order to save money on electricity and lessen their carbon footprint.
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The Data Center Transformation Market – Segmentation
The Data Center Transformation Market fragrance concentrates market has been sub-classified into service outlook, end-user outlook, vertical outlook.
On the basis of service outlook, the Data Center Transformation Market is bifurcated into:
• Consolidation services
• Optimization se4rvices
• Automation services
• Infrastructure management services
• Others
On the basis of end-user, the market is segmented into:
• Cloud service providers
• Colocation providers
• Enterprises
• Others
On the basis of organization size, the market segmented into:
• BFSI
• IT and telecommunications
• Government and defence
• Energy
• Manufacturing
• Others
The Data Center Transformation Market –Regional Analysis
North America dominated the global Data Center Transformation Market, the largest market share of the world’s internet and cloud data centres. The fact that so many significant players have their headquarters in this area may also contribute to the high share.
The demand for data centres worldwide is also largely driven by end-user industries in North America, including IT, BFSI, retail, and healthcare.
The Data Center Transformation Market – Key Market players
Global key players of Data Center Transformation Market include IBM Corporation; Cisco Systems, Inc.; Dell EMC; Microsoft Corporation; Schneider Electric SE; HCL Technologies; Cognizant; Accenture; Atos; Wipro, and others.
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Market Restraints:
The shortage of skilled labour and problems with regulatory and portability compliance are impeding the market’s expansion. Because colos are managed by a distinct organisation, customers cannot oversee the management of utilities, physical security, building upkeep, or other physical components. The supplier fully manages their data centres using the public cloud, taking care of equipment maintenance and upgrades, thus the location is out of their hands. Thus, all of these elements are impeding the expansion of the market for data centre transformation.
Market Drivers:
Several factors influence the industry, including expanding data centre traffic and expenditures in data centre technologies. The increased adoption of cutting-edge technologies like big data analytics, cloud computing, and the internet of things by numerous businesses as part of their digital transformation strategy is another factor driving the demand for data centre transformation. The market is also expanding as a result of a rise in demand for better data centre efficiency brought on by the expansion of data centres and the increasing reliability of such facilities.
Reasons to Purchase the Data Center Transformation Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
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