Service Market for Data Centers worth $62.80 Billion by 2019

According to a new market research report "Service Market for Data Center by Service Type (Professional, Training and Development, Maintenance), by Data Center Type (Mid-Size, Enterprise, Large), and by Data Center Tier Type - Global Forecast to 2019", published by MarketsandMarkets, analyses and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.

Browse 83 market data tables and 114 figures spread through 185 pages and in-depth TOC on “Service Market for Data Center”
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The Service Market for Data Center is expected to grow from $30.16 Billion in 2014 & to reach $ 62.80 billion by 2019, at a CAGR of 15.80% from 2014 to 2019.

The global Service Market for Data Centers is classified majorly into Service types, namely, Consulting, Installation, Professional, Training and Development, Maintenance. The global Service Market for Data Centers is also further classified by the end user, i.e. cloud provider, colocation provider and enterprises and by data center tier type i.e. Tier 1, Tier 2, Tier 3, Tier 4.

Surging demand and requirement of improved and efficient data center operability and energy efficiency and increasing numbers of colocation and cloud service providers are some of the key factors that are fuelling the growth of the Service Market for Data Centers. However, shrinking IT budgets of the company, and high transformation pace of infrastructure management are some of the key factors effecting the growth of this market However, increasing numbers of new datacentre and high technical adoption rate in emerging economies including India and China, and South Africa offer new growth opportunities for the market players.

As of 2014, North America is estimated to hold the largest share of the global service market for data centers, followed by Europe. However, the Asia-Pacific market is expected to grow at the highest CAGR of 18.73% from 2014 to 2019. A number of factors including high focus on energy utilization, optimization of resources, and development of new data centers are stimulating the growth of the service market for data centers in the Asia-Pacific region.

Schneider Electric (France), Emerson Network Power (U.S.), Cisco (U.S.), Dell (U.S.),IBM Corp. (U.S.), and HP (U.S.) are some of the key players in the global service market for data centers.

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