The
market for data center equipment globally is forecast to reach USD
72.07 billion, by 2020. Rising concerns about data storage and data
backup along with data warehousing and e-mail archives have created
an unprecedented demand for data centers. The need to focus and
invest on an organization’s IT infrastructure continues to be of
utmost priority for business executives across several industries
such as BFSI, telecommunications, healthcare and pharmaceuticals
among others. The data center industry has proven to be one of the
most dynamic and resilient sectors with rising demand for the
digitalization of information, rapid growth within social media and
innovations in cloud computing. The market growth is driven by
increased adoption of cloud services, virtualization in network
environment and Big Data. The increasing need to process and store
large amount of data is driving the use of data center equipment.
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Globally,
the data center equipment market was valued at USD 32.15 billion in
2013 and is forecast to grow at a CAGR of 12.9% from 2014 to 2020.
Data center equipment have been widely adopted across several end-use
sectors, due to rise in digital data generated by them, and
subsequent need to manage the same effectively for extracting
strategic information. Some of the potential end-use sectors of data
center equipment include telecommunications, healthcare,
manufacturing, retail, government, business enterprises, and others.
Of the different sectors, telecommunications sector accounted for the
highest revenue contribution, in 2013. The telecommunications sector
is experiencing rise in demand for data center equipment due to fast
expanding internet presence and subsequent growth in internet enabled
services. This has resulted in large quantities of data being
exchanged over the web, resulting in demand for effective tools at
data centers to ensure data integrity, high standards, safety and
availability.
North
America, owing to the exponential growth in data generation and
emergence of growing trends such as server virtualization,
e-discovery and dependency on critical applications for business
operations, is expected to remain largest market for data center
equipment in near future. North America along with Europe, which is
also seeing similar technology growth trends, collectively accounted
for 49.3% of the global revenue share in 2013. Regions such as
Asia-Pacific and Rest of the World (RoW) have largest subscriber base
and are witnessing quick proliferation of internet based services.
These regions are expected to emerge as high potential market for
data center equipment by end of the forecast period.
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With
expected rise in demand for data center equipment and underlying
opportunities, such as software defined and green data centers,
players across the globe are developing innovative solutions to
strengthen their position in the market. As a result, the data center
equipment market is concentrated with large numbers of multinational
players. The renowned players in the market include F5 Networks Inc.,
Emulex Corp., Digi International Inc., NEC Corp., Brocade
Communication System Inc., Schneider Electric SA, Meru Networks,
Cisco System Inc., Alcatel Lucent, Hewlett Packard Co. and others.
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Press Release Of Data Center Equipment Market
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This
report analyzes the global data center equipment market in terms of
revenue (USD billion). The market has been segmented as follows:
Global
Data Center Equipment Market, by Product
- Servers
- Power Distribution Systems
- Servers
- Storage Devices
- Others
Global
Data Center Equipment Market, by Application
- Banking, Financial Services and Insurance (BFSI)
- Telecommunications
- Manufacturing
- Healthcare
- Retail
- Manufacturing
- Government
- Business Enterprises
- Others (R&D, educational institutions, media and entertainment)
Global
Data Center Equipment Market, by Region
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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Information provided in this page is informative.These days technology developing rapidly.Now a days storing large amount of data in small discs etc.,data center is a facility used to keep computer systems and associated components such as storage systems.Chinese economic and technology boom of previous decades is leading the country's government to invest more on the IT sector.Found some of the best and giant data center's in the world.
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