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Data Center Infrastructure Market in Asia Pacific is Projected to Grow At A CAGR of 14% by 2024

Author : Ronak Bora | Published Date : 2019-06-06 

Asia Pacific data center infrastructure market is forecast to witness nearly 14% CAGR over 2018-2024. The growth can be primarily attributed to the increased penetration of digital technologies among consumers as well as businesses across this belt. Rapid industrialization along with robust growth in outsourcing activities especially in countries like India and China have led to a subsequent increase in organizational data traffic. In a bid to accommodate this huge traffic, companies are increasingly investing in new facilities, thereby proliferating APAC data center infrastructure market.

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Corresponding to the rising adoption of cloud computing technology in a myriad range of business verticals, data center infrastructure market has experienced phenomenal proliferation on the global scale. With organizations striving hard to capitalize on the emerging technologies, IT infrastructure modernization has indeed taken a rapid pace. Amidst this backdrop where automation characterizes the profitability landscape of IT enterprises, data center infrastructure market is witnessing a renewed dynamism.

Colocation data center infrastructure market is gaining popularity among organizations to reduce the expenses associated with maintaining and building facilities. Colocation facilities accounted for over USD 10 billion in 2017, provide end users server security, storage, cooling, power, and networking equipment. Constructing a new facility drains the company’s money, time, and labor owing to which the colocation market is witnessing a growing demand. Colocation vendors are providing improved maintenance and services to businesses to maximize their productivity, which is enabling enterprises to focus on their core business with efficient data management.

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The market is witnessing new advancements in power and cooling solutions. The implementation of technologies, such as grid computing and cloud computing in facilities, is expected to boost the data center infrastructure market growth. The use of technological solutions, such as analytics and cloud, has compelled organizations to focus on these facilities to store information. Companies are launching new and innovative solutions to expand their market presence.

Key companies in the data center infrastructure market comprise Vertiv Group Corporation, Submer Technologies Sl., Schneider Electric S.E., Rittal GmbH & Co., KG, Panduit Corporation, Eaton Corporation PLC, Dell, Inc., Degree Controls, Inc., ClimateWorx International, Black Box Corporation, Asetek, ANEXIA Internetdienstleistungs GmbH, and Airedale International Air Conditioning Ltd., among others. Intense competition is being witnessed in the industry, with several large businesses and SMBs implementing innovative and efficient infrastructure facilities for their businesses.

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Despite these growth opportunities, data center infrastructure market is still facing a challenge of bridging complex web of interconnections with a data center network. Nonetheless, with the advent of optimized workflow procedures, adoption of real-time monitoring system, and enhanced tools, the aforementioned stumbling block is likely to get overcome within a short span. Furthermore, the lure of big data analytics and extensive proliferation of cloud technologies would leave a complementary influence on data center infrastructure industry space. In terms of commercialization, the business space is forecast to exceed a massive valuation of USD 90 billion by 2024.

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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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