Service Market for Data Center Worth $62.80 Billion by 2019 – New Report by MarketsandMarkets
(PRWEB) January 21, 2015 -- The market research report "Service Market for Data Center by Service Type (Professional, Training and Development, Maintenance), by Data Center Type (Mid-Size, Enterprise, Large), and by Data Center Tier Type - Global Forecast to 2019” analyzes and studies the major market drivers, restraints, opportunities and challenges in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Browse 83 market data tables and 118 figures spread through 224 pages and in-depth TOC on “Service Market for Data Center”
http://www.marketsandmarkets.com/Market-Reports/service-market-for-data-centers-78453204.html
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The report studies the global Service Market for Data Center during the forecast period from 2014 to 2019. The market is expected to reach $ 62.80 billion by 2019, at a CAGR of 15.80% during forecasted period.
The global Service Market for Data Center is classified majorly into Service types, namely, Consulting, Installation, Professional, Training, Development and Maintenance. The global Service Market for Data Center is also further classified by the end user i.e. cloud provider, colocation provider, enterprises and by data center tier type i.e. Tier 1, Tier 2, Tier 3, Tier 4.
Surging demand and requirement of improved and efficient data center operability and energy efficiency and increasing numbers of colocation and cloud service providers are some of the key factors that are fueling the growth of the Service Market for Data Center. However, shrinking IT budgets of the company, and high transformation pace of infrastructure management are some of the key factors affecting the growth of this market. However, increasing numbers of new data center and high technical adoption rate in emerging economies including India and China, and South Africa offer new growth opportunities for the market players.
As of 2014, North America is estimated to hold the largest share of the global Service Market for Data Center, followed by Europe. However, the Asia-Pacific market is expected to grow at the highest CAGR of 18.73% from 2014 to 2019. A number of factors including high focus on energy utilization, optimization of resources and development of new data centers are stimulating the growth of the Service Market for Data Center in the Asia-Pacific region. Schneider Electric (France), Emerson Network Power (U.S.), Cisco (U.S.), Dell (U.S.),IBM Corp. (U.S.) and HP (U.S.) are some of the key players in the global Service Market for Data Center.
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