Data Center Support Infrastructure Market worth $44.44 Billion by 2019
23 Sep, 2014, 14:30 BST
DALLAS, September 23, 2014 /PRNewswire/ --
According to new market research report "Data Center Support Infrastructure Market by Solution (Power, Cooling, Security), by Service (Consultation, Professional, System Integrator), by End Users (Cloud, Colocation, Enterprise), by Verticals & by Regions - Market Forecasts and Analysis (2014 - 2019)", published by MarketsandMarkets, defines and segments the Data Center Support Infrastructure Market into various segments with an in-depth analysis and forecasting of revenues. This research report also identifies the factors driving this market, various restraints, challenges and opportunities impacting it along with the future roadmaps.
Browse 90 market data tables and 72 figures spread through 168 pages and in-depth TOC on "Data Center Support Infrastructure Market"
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MarketsandMarkets broadly segments the Data Center Support Infrastructure Market by type: power (power distribution, UPS, generator, power storage, and cabling infrastructure), cooling (air conditioning, chillers, economizers, cooling towers, and server/rack cooling), monitoring and measurement, and security (logical and physical); by service: consultation, professional and system integration; by vertical: telecom and Information Technology (IT), Banking, Financial Services, and Insurance (BFSI),government, healthcare, energy, and others; by region: North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA); by end user: cloud provider, colocation provider, and enterprises.
The demand for data storage is continuously surging, resulting in increasing number of data centers. To manage this highly growing data storage demand, business organizations are forced to either build new data centers or enhance the capacity of their existing data centers.
Power and cooling are the major contributors in the operating expenses of a data center, constituting almost 40% of the total data center operational expenses. Due to high demand of data storage, expenses associated with support infrastructure are continuously increasing. Also, in many business organizations IT budgets are continuously shrinking, due to which data center managers and owners are forced to utilize cost effective support infrastructural solutions. This is impacting the demand of efficient and cost effective support infrastructural solutions, presenting significant opportunity to vendors in this market.
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MarketsandMarkets forecasts the Data Center Support Infrastructure Market to grow from $27.51 billion in 2014 to $44.44 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 10.1%. North America (NA) is expected to be the largest Data Center Support Infrastructure Market in terms of revenues generated, but Asia-Pacific (APAC) is expected to emerge as a high growth market.
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