Data Center Services Market is Projected to Witness Exponential Growth by 2027

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Data Center Services Market 2021-2027 Growth
Forecast Revenue Share Report

• Recent trends in the global data center services
  market are driven by numerous investment
  initiatives for capacity expansion by key
  industry participants. Citing an instance, in
  January 2021, Equinix announced plans for
  investing in its data center capacity in Finland.
  The company is keen on the expansion of two of
  its International Business Exchange sites, HE5
  and HE7, located in Helsinki, and intends to make
  an investment of 32 million euros. Such strategic
  initiatives are touted to boost data center
  services industry growth, impelling revenue
  expansion through the analysis period. According
  to the latest research by Global Market Insights,
  Inc., the global data center services market size
  is estimated to exceed USD 25 billion by 2027.
• On the whole, the worldwide expansion of IT
  telecom, manufacturing, and colocation industries
  is poised to bolster the demand for various data
  center operations, propelling data center
  services market expansion over the assessment
  period.

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• Various data center service providers are
  focusing on the expansion of their presence in
  the MEA. In December 2020, a UAE-based telecom
  major, Du, disclosed plans regarding the launch
  of two data centers in the country during the Q1
  of 2021. This would cause an escalation in the
  demand for advanced services, ensuring optimum
  data center deployment and functioning in the
  country.

• The data center services industry growth is
  further stimulated by a rise in the number of
  SMEs at the global level. These business
  establishments do not require large data center
  spaces owing to budgetary constraints and limited
  IT requirements. Also, small data center
  authorities demand customized installation
  services in view of the space constraints,
  demanding the data center to be developed in
  minimum space.

• Prominent data center services companies are
  focusing on the provision of high-end services
  for catering to numerous data center requirements
  at the global level. Highlighting an instance,
  DCR (Data Center Resources) offers data center
  installation and design services, assisting
  enterprises to complete critical projects in a
  timely and professional manner.

• This upsurge is primarily attributed to the
  increase in data center maintenance and support
  services for the reduction of system downtime.
  The lack of proper timely maintenance creates
  damage to data center hardware, causing huge
  financial losses.

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• Regional Analysis

• The MEA data center services market is
  anticipated to depict appreciable growth through
  2027 owing to an escalation in the number of data
  center construction projects in the region.
  Numerous countries comprising Saudi Arabia and
  the UAE are encouraging the adoption of digital
  technologies for supporting economic growth.

• Competitive Analysis

• Key players operating in the market are ABB Ltd,
  Cisco Systems, Inc, Dataspan, Dell Inc., DXC
  Technology, Eaton Corporation Equinix, Inc. ,
  Fujitsu Limited, HCL Technologies Ltd, Hewlett
  Packard Enterprise Limited, Hitachi Ltd., Huawei
  Technologies Co. Ltd, Hypertech, IBM Corporation,
  Megahertz Infotech, Schneider Electric SE ,
  Siemens AG, Sift Technologies Ltd. Vertiv Group
  Co, Workspace Technology Limited

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