Global Data Center Outsourcing Market is growing at a CAGR 5.1% by end of 2023
Posted by Aditi Desai on January 29th, 2019
Data center outsourcing can be defined as a day to day provisioning and management of data that belongs to the third party. It is a multiyear contract or relationship that requires responsibility for operating server or host platforms, including distributed servers and storage. For example, products like IT equipment like servers, routers, firewalls etc requires physical data center like cooling system, batteries, cables and many more. The Data Center Outsourcing Market has been predicted to have an enormous amount of growth in the coming years.
Types of Data Centers –
· Data center for Organizations
· Web hosting data center which provides computer infrastructure as a service
· Turnkey solution data center
· Web 2.0 specialized data center
Data Center Outsourcing Market Insights –
According to a recent report, data center outsourcing market research says that the market will see decent growth in the coming years. The forecasted report says that the market is likely to grow at a CAGR percentage of 5.1% by end of 2023. This is likely to foster the revenue growth of the market. The market research is completely based on proper research, fieldwork, and expertise. The research report presents data center outsourcing market trends, its methodologies, advantages, disadvantages, and application process. Besides, the basic overview section research also presents separate segmentation analysis, geographical analysis, and competition analysis. While describing the segmentation, the market has been divided into small segments and sub-segments to understand the dynamics of the industry. The global region wise and geographical part takes all the major regions and analyzes which country has the highest demand for this market. Moreover, coming to competition analysis, key competitors have been listed. The research will also tell you about the recent product launch by competitors, key practices adopted to capture the market share and customer pain points.
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Advantages of Data Outsourcing –
· Cost Benefits and time-saving for core activities
· Making full use of in-house technology and human resources
· Legal and other regulatory compliances are generally taken care of by data center providers
· Services like cloud computing and real-time lookup helps in achieving significant peace of mind
· Data outsourcing provides flexible solutions
Segmentation Analysis –
The data outsourcing market forecast divides the market comprehensively into a segment that is by vertical. The vertical segment has been sub-segmented into IT & Telecommunication, BFSI, media & entertainment, healthcare & life sciences, travel & logistics and others. Among these segments, the BFSI segment is anticipated to capture a large share in the upcoming years. Particularly, the BFSI segment share will be doubled in the forecasted period. Each segment undergoes the forecasted figures that it is going to contribute to the market share. Also, BPS analysis and market attractiveness have also been provided for every segment in the report.
India to boom Data center outsourcing Market-
While doing geographical analysis, the data center outsourcing market size has been forecasted by dividing the research into global and country-wise regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. These regions have been sub-segmented into further countries. For example, North America includes the analysis of countries like USA and Canada. While, Europe consists of Germany, the United Kingdom, France, Italy, Spain, Russia and Rest of Europe. Moreover, Asia Pacific includes China, India, and Japan etc.
As per the reports, India is going to boom the data center outsourcing market because of the huge demand of digital intelligent devices, growing digitization and also the government Digital India campaign.
Competitor Analysis –
The data center outsourcing market share has been divided into various big giants. While more and more entrants are entering the industry and making their place, some of the key giants which already have a big foot in the market are Atos, Fujitsu Ltd., Accenture, Capgemini, Cognizant, IBM Corporation, Tata Consultancy Services Limited, Oracle Corporation, T-Systems, Dell Inc. and other major & niche players.
All these market giants understand this evergreen market and launch new strategies that could drive growth and also understand customer’s pain points too. For example, Accenture, a popular data center outsourcing organization enables other companies to create cost-effective and responsive data outsourcing that has a rapid response to changing market conditions.
So, it is wise to say that data center outsourcing has a very fruitful future for new entrants as well in the coming years. The report also covers the techniques, challenges that a new entrant should aspire from.
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