Data Centre Market Research Report Forecast to 2023

Posted by Kiran on October 21st, 2019

Data Centre Market Overview:

Data Centres refers to virtual or physical infrastructures that are used by enterprises to store a large amount of mission-critical data. These centres support storing, retrieval, and processing of data. Supported by the multiple back up supply units, networking connections, and cooling systems for running the enterprise's core applications, these Data Centres comprises numerous elements such as electrical switches, power distribution units, uninterruptible power supplies, ventilation, and provisions for network connectivity. Modern Data Centres make use of management and monitoring software that allows the IT administrators to oversee the equipment and monitor the facilities remotely.     

Acknowledging the exponential growth the Data Centres market is perceiving currently and the growth prospects the market is demonstrating globally; Market Research Future (MRFR) recently published a brilliant study report giving out the complete market insights up till 2023. In its report MRFR asserts that the global Data Centres market is projected to grow at a striking double digit CAGR of 11%throughout the forecast period (2017 – 2023).     

On the other hand, high initial cost of investment is likely to pose challenges to the market growth over the review period. Nevertheless increasing popularity of the community cloud technology is expected to create lucrative opportunities for the market.  

Businesses need a complete service solution to optimize their data centre from planning to operations, regardless of location. Every business issue is unique, and the role that data centres play in business success has never been more important. Data centres are dynamic and constantly evolving. Data Centre facilitates the activities that support the projects and operation of a data center, including processing, storage, networking, management and the distribution of data within an enterprise. The Internet of Things (IoT) is connecting everyone and everything. This massive technological shift is impacting how businesses interact with their data centres. This shift is affecting how quickly businesses can respond when a problem occurs.

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Major Key Players:

IBM Corporation (U.S), Digital Realty Trust, Inc. (U.S), Hitachi Ltd (Japan), Hewlett-Packard Inc. (U.S), Cisco System, Inc. (U.S), EMC Corporation(U.S),  Global Switch (U.K), CyrusOne (U.S), Telehouse (U.K)and DuPont Fabros Technology(U.S) are some of the leaders driving the Global Data Centre Market. Profiling those in its analysis MRFR finds out their strategies placing them at the forefront of competition.