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DUBLIN--(BUSINESS WIRE)--Sep 20, 2022--
The "Global Data Center Outsourcing Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.
The global data center outsourcing market was evaluated at US$180.144 billion for the year 2020 and is projected to grow at a CAGR of 4.53%, reaching the market size of US$245.596 billion by the year 2027.
Data center outsourcing is described as a set of services supplied by specialized IT businesses for the deployment, maintenance, monitoring, and optimal operation of data center infrastructure and associated components. Because of their management experience, the consumer organization outsources these activities to specialized IT providers.
The rise in demand for shared infrastructure services, as well as the growth of numerous industries, resulted in increased demand for virtual storage services, a boost in the levels of expenditure incurred on various IT and business technology services, and an increase in market research and development activities, are all major factors boosting the data center outsourcing market.
Furthermore, during the projection period, technical improvements and modernization in manufacturing practices, as well as increased demand from emerging economies, will generate new opportunities for the data center outsourcing market in the forecast period mentioned above.
However, a lack of expertise and skilled professionals in data center outsourcing services, as well as an increase in the complications in the infrastructure of various data centers, resulting in complicated integration of various consumer data, are among the major factors limiting market growth and will continue to challenge the data center outsourcing market during the forecast period.
Over the projected period, the technology and communications sector are expected to maintain a considerable market share and grow at a significant rate. This is owing to the belief that the Information, Communication, and Technology (ICT) industry is expanding to effectively and efficiently handle the growing amount of data and resources being generated, which is driving up data center operations and maintenance costs and complexity. As a result, data center outsourcing is becoming more popular among large and mid-sized businesses, driving up demand for these services.
During the projected period, the small enterprise's segment is expected to hold the highest market share. Smaller businesses are more likely to use data center outsourcing services to help them grow and access new market areas. Furthermore, outsourcing services assist small corporations in reducing data center infrastructure costs. Because of their disaster recovery capabilities, these services also help with business continuity. During the forecast period, this is projected to propel the data center outsourcing market.
Because of the well-developed Information, Communication, and Technology sector in countries like the United States, the North American region is predicted to hold a major market share and increase at a significant rate throughout the forecast. Furthermore, its dominance in this region is due to rising investments in data center outsourcing and new data center openings, which are raising demand for data center outsourcing and driving market growth. For example, Google recently unveiled its 2020 expansion plans in February 2020. This development strategy will allow Google to expand its footprint in 11 US states. Google has planned to contribute roughly US $10 billion to help states like California create offices and data centers.
Segmentation
By Enterprise Size
By Data Center Location
By Industry Vertical
By Geography
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Global Data Center Outsourcing Market Analysis, by Enterprise Size
6. Global Data Center Outsourcing Market Analysis, by Data Center Location
7. Global Data Center Outsourcing Market Analysis, by Industry Vertical
8. Global Data Center Outsourcing Market Analysis, by Geography
9. Competitive Environment and Analysis
10. Company Profiles
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/qjcsru
View source version on businesswire.com:https://www.businesswire.com/news/home/20220920006093/en/
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KEYWORD: LATIN AMERICA SOUTH AMERICA JAPAN CENTRAL AMERICA UNITED STATES NORTH AMERICA ASIA PACIFIC CHINA EUROPE MIDDLE EAST AFRICA CANADA
INDUSTRY KEYWORD: DATA MANAGEMENT TECHNOLOGY OTHER TECHNOLOGY TELECOMMUNICATIONS SOFTWARE INTERNET HARDWARE
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 09/20/2022 12:26 PM/DISC: 09/20/2022 12:26 PM
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