Datacenter Deployment Spending Market to grow at a CAGR of 13.5% during the peri

Globally, trends such as big data and IoT (Internet of Things) are gripping innovation. Additionally, positive adoption by governments through smart infrastructure initiatives are expected to drive the growth further. Moreover, applications of big data analytics and Iot promise far reaching opportunities. For example, big data and analytics promise various medical breakthroughs in the medical field, which are expected to save numerous lives and aid the creation of new drugs. Moreover, this development would be nearly impossible without a supporting architecture guided by datacenters. Rise in IoT applications and promising revenue generation opportunities through big data due to cloud technology are expected to drive growth of the datacenter deployment spending market in the near future.

On the other hand, large investments poses a challenge to growth of the datacenter deployment spending market. However, most major players in the datacenter deployment spending market are aware of the risks associated with it and see these opportunities as a next-generation frontier, which is essential to invest in. this is expected to provide a major boost to the datacenter deployment spending market during the forecast period.  

Mushrooming SMEs Drive Growth in North America

Region wise, the global datacenter deployment spending market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. At the beginning of the forecast period, North America region occupied the largest share of the global market revenues. It reached an evaluation of US,182.8 mn in 2017. Additionally, the region is witnessing a strong emergence of many small and medium sized enterprises. A positive adoption to innovation, large base of research institutes, and establishment of large vendors in the region are expected to drive this growth further in the near future. The region is expected to register a noteworthy 12.7% CAGR during the forecast period. The datacenter deployment spending market in North America will likely reach an evaluation of US,389.7 mn by 2022 end. European market is also expected to witness remarkable growth and rise at 13.3% during 2017-2022. It will likely reach US$ 22,353.8 mn by 2022.

This information is from the new report by TMR, titled, “Datacenter Deployment Spending Market (End-Buyer - Service Provider and Enterprise; Datacenter Type - Localized, Mid-tier, High-end, and Mega; Build Type - New and Rebuild Datacenter) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022”

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