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By 2024, Data Center Equipment Market in Servers Segment is Projected to Have the Highest Industry Share Among Product Segment

Author : Ronak Bora | Published Date : 2019-05-03 

Global Data Center Equipment Market Report offered by Global Market Insights, Inc. gives a industry overview which covers product scope, market revenue, opportunities, growth rate, sales volumes and figures. The report also explores the worldwide players of the market and is segmented by region, type and application with forecast to 2024.

By product, the data center equipment market is segmented into servers, power distribution systems, and network equipment. Servers are expected to have the highest market share among the product segment followed by the networking equipment. The demand for servers is increasing owing to the requirement for centralized information storage by the organizations for efficient and smooth operations.

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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.

Improvements in current photovoltaic solar panels, as well as the introduction of advanced photovoltaic technologies, are anticipated to improve the device’s 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.

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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.

Currently, many companies are providing advanced products according to the consumer needs. Some of the key players in the data center equipment market 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 data center equipment market.

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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.

 

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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