Data Center Equipment Market Innovation Trends and Current Business Trends by 2024

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Data Center Equipment Market Innovation Trends
and Current Business Trends by 2024 Global
Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Data Center Equipment
Market

• The U.S. is anticipated to hold the largest share
  in the data center equipment market.. This growth
  is driven by a wide adoption of cloud services
  and development in the telecommunication sector,
  server virtualization, and technological
  advancements. Moreover, Asia Pacific has the
  highest internet subscriber base and thus will
  witness a rapid growth of internet-based
  services. This trend will help this region to
  emerge as the potential market and have growth
  prospects over the forecast period.
• Government, retail, manufacturing, healthcare,
  banking, telecommunications, and BFSI are the
  application areas for the data center equipment
  market. The telecommunication is expected to lead
  the application segment owing to the growing
  internet-enabled service applications.
  Telecommunication sector has a huge requirement
  of smart devices, which can handle the massive
  amount of information with integrity, high
  standards, and safety in IT fields as it produces
  huge information in the form of large customer
  database, call records, and sales.

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• Application Analysis of Data Center Equipment
  Market
• Improvements in current photovoltaic solar
  panels, as well as the introduction of advanced
  photovoltaic technologies, are anticipated to
  improve the devices frequency in future. In
  addition, the provision of government incentives
  for renewable energy generation will increase the
  acceptance of green data centers. The adoption of
  modern technologies will make these information
  centers more virtual, greener, and converged with
  the cloud. Such changes will help the end users
  in minimizing the operational cost, lowering the
  physical space and capital requirement, and
  thereby driving the growth of data center
  equipment market during the forecast period.
  Moreover, the introduction of software-defined
  data centers will provide significant growth
  opportunities to the market in the coming years.
• However, high power consumption along with
  cooling and efficient power infrastructure need
  will restrain the data center equipment market
  growth. The lack of skilled workers will also
  hamper the data center equipment market growth.

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Competitive Market Share of Data Center
Equipment Market

• Currently, many companies are providing advanced
  products according to the consumer needs. Some of
  the key players in the data center equipment
  include Digi International, Emulex Corp., Cisco
  Systems, Inc., Brocade Communication Systems,
  Inc., F5 Networks, Schneider Electric, NEC Corp.,
  Meru Networks, Hewlett-Packard, and
  Alcatel-Lucent. These key players are bringing
  new products with advanced technologies and are
  engaged in acquisitions, alliances, and industry
  consolidations to remain competitive in the
  industry.
• In January 2017, Hewlett-Packard launched a range
  of products in collaboration with Schneider
  Electric. The companys new products include
  power distribution, security, IT, and cooling
  equipment. Additionally, in February 2015,
  Alcatel-Lucent launched 400G IP router interface,
  which would allow the information transmission
  between the current Alcatel-Lucent IP routers at
  a speed of 400 gigabits-per-second. This launch
  would provide operators a bigger advantage to
  push the limits of their IP network capabilities.

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