Data Center Infrastructure Market in Europe to hit US$30 Billion by 2024
SELLBYVILLE, Del., July 17, 2018 /PRNewswire-iReach/ -- According to a latest research report by Global Market Insights, Inc. " Data Center Infrastructure Market share is predicted to be valued USD 90 billion by 2024." The growth can be attributed to the rising trend of cloud computing and virtualization. The rise in the demand for cloud storage has resulted in a global increase in the number of data centers.
The growing reliance of end users on online transactions has led to a fast rise in the amount of data generated, driving the data center infrastructure market. Small and medium enterprises are often tending to adopt online channels to stay connected with their customers. Several businesses are adapting to the changes in their value chain by implementing digital technologies to create customer-centric and digitally-enhanced business models.
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Increasing use of the facilities across several industrial sectors, such as healthcare, manufacturing, IT & telecom, and BFSI, to store the growing amount of data generated will drive the data center infrastructure market growth. The rise in the demand for the storage of a high volume of data coupled with improving efficiency across the business operations is providing several growth opportunities to the industry.
The BFSI sector is making huge investments in the deployment and installation of the facilities, to keep pace with the competitors owing to the agility and cost-effectiveness offered by these facilities. Growing need for data processing and information security across several sectors will fuel the data center infrastructure market growth. Moreover, to streamline operations, reduce costs, and enhance business performance, several industries are focusing on the deployment of these facilities.
Colocation providers operating in the data center infrastructure market are offering enhanced maintenance and services to businesses to maximize their productivity, which enables enterprises to focus on their core business with efficient data management. The requirement for exclusively-owned infrastructure has reduced owing to the growing trend of cloud adoption.
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Moreover, with the increasing amount of data, the expansion of existing facilities takes up plenty of space on the premises. Several companies are focusing on reducing the capital and operational expenditure by outsourcing their data storage needs to colocation providers, thereby driving the colocation data center infrastructure market growth.
The increasing adoption of IoT, cloud, and big data analytics along with the increasing consumption of online audio and video content is driving the data center infrastructure market growth in North America. There is a rise in the number of users switching to streaming video OTT, leading to a rise in the movement toward video-on-demand solutions and services.
Netflix is dominating the streaming services in the U.S. The U.S. is witnessing a fast growth in the number of Youtube, Hulu, Netflix, and Amazon users. With the increase in cloud and online activity, OTT providers are utilizing these facilities for the delivery, storage, encoding, and decoding of video content through broadcast, cable or telecom networks, thereby providing an impetus to the data center infrastructure market growth.
Buy this 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 (U.S., Canada, Mexico, UK, Germany, France, Spain, Poland, Benelux, China, India, Japan, Singapore, Australia, Indonesia, Brazil, Colombia, Venezuela, Bolivia, Chile, Peru, Argentina, GCC, South Africa, Morocco), Growth Potential, Competitive Market Share & Forecast, 2018 - 2024" in detail along with the table of contents:
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Chapter 6 Data Center Infrastructure Market, By Application
6.1 Data center infrastructure market share, by application, 2017 & 2024
6.2 BFSI
6.2.1 Market estimates and forecast, 2013 – 2024
6.2.2 Market estimates and forecast, by region, 2013 - 2024
6.3 Colocation
6.3.1 Market estimates and forecast, 2013 – 2024
6.3.2 Market estimates and forecast, by region, 2013 - 2024
6.4 Energy
6.4.1 Market estimates and forecast, 2013 – 2024
6.4.2 Market estimates and forecast, by region, 2013 - 2024
6.5 Government
6.5.1 Market estimates and forecast, 2013 – 2024
6.5.2 Market estimates and forecast, by region, 2013 - 2024
6.6 Healthcare
6.6.1 Market estimates and forecast, 2013 – 2024
6.6.2 Market estimates and forecast, by region, 2013 - 2024
6.7 Manufacturing
6.7.1 Market estimates and forecast, 2013 – 2024
6.7.2 Market estimates and forecast, by region, 2013 - 2024
6.8 IT & telecom
6.8.1 Market estimates and forecast, 2013 – 2024
6.8.2 Market estimates and forecast, by region, 2013 - 2024
6.9 Others
6.9.1 Market estimates and forecast, 2013 – 2024
6.9.2 Market estimates and forecast, by region, 2013 - 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/data-center-infrastructure-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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