A research study titled, “Data Center Market by Product and Application - Global Industry Analysis and Forecast to 2022” published by Crystal Market Research, states that the Data Center Market is showing significant growth by 2022.
The Data Center market is expected to garner lucrative market share by 2022, while registering itself at significant compound annual growth rate (CAGR) during the forecast period. A data center is an amalgamated office for processing purposes, and storage. It includes storage arrays, servers, networking equipment, and supporting services, for example, cooling and powering arrangements. Data centers are organized by ventures handling in cloud-based service offerings. There are several endeavors that are engaged in the advancement of offices of server farm with present-day foundation and rent space for broad undertakings and likewise SMEs, named as colocation and managing encouraging data center offices. With the advancement of disseminated computing and extended use of enormous information analytics, there are different data centers being developed to satisfy the registering necessities of the ventures to offer capable and high availability administrations. Data center networks are useful as a part of numerous retail, verticals, for example, media and entertainment, service & insurance (BFSI), banking, health care, education, financial, government and high technology sectors.
Increasing implementation of big data and cloud services in the recent years from both the consumer and industry is anticipated to boost the global data center networking market. Advantages provided such as reduced operational cost, flexibility, and improved safety & security and increased performance are foreseen to fuel the industry growth over the forecast period. Developing operation models and geographical expansions of cloud computing consumers are increasing the demand for data centers. Expanded demand for webbing solutions has made a requirement for merchants to change server farm systems into a pooled robotized asset focuses giving greater adaptability to move workloads between any cloud to raise performance proficiency.
On the basis of product the Data center market is segmented into Wholesale Data Center, In-House Data Center and Colocation. On the basis of application the market is segmented into Government, IT Company, Educational Institution and BFSI. The major players in the market are Intel, VMware Software India Pvt Ltd, Cisco Systems, Hitachi Data Systems, Dell EMC, Fujitsu and Alcatel-Lucent and Extreme Networks. Geographically, the market is segmented into Europe, North America, Asia Pacific and Rest of the world.
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Key findings of the Data Center market are