November 08, 2021
According to the research report titled ‘Data Center Infrastructure Market Size By Solution (Cooling, Power, UPS, IT Racks & Enclosures, LV/MV Distribution, Networking Equipment, DCIM), By Component (Hardware, Software, Services), By Application (BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, IT & Telecom), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 - 2027’, available with MarketStudyReport, data center infrastructure market is projected to observe substantial growth throughout the forecast period 2021-2027.
As per the report findings, rapid urbanization, thriving e-commerce sector, increasing digitization of government services, escalating demand for DCIM software, and increasing adoption of UPS systems, are driving data center infrastructure market growth.
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For the unversed, data center infrastructure refers to the main hardware or physical resources and components such as IT infrastructure devices, equipment, and technologies that are essential for the functioning of a data center. This is further modeled and identified into an essential design plan, which comprises a comprehensive list of critical infrastructure components necessary to build a data center.
Based on product, the market is categorized into DCIM, IT racks & enclosures, UPS, power, LV/MV distribution, cooling, and networking equipment. Among them, UPS segment is expected to grow rapidly as the demand for backup power sources is increasing due to an upsurge in the number of power outages across the globe.
With respect to component, data center infrastructure industry is fragmented into services, software, and hardware. The demand for DCIM software is escalating for remotely monitoring data center infrastructure components. The software is primarily used to test, monitor, and manage data centers (both IT and supporting infrastructure) such as cooling and power.
In terms of application, government application sub-segment is expected to increase significantly due to growing digitization of government services and subsequent rise in demand for data centers to store and handle huge amounts of data.
With respect to the regional analysis, data center infrastructure market size spans across North America (U.S., Canada), Europe (UK, Germany, Spain, France, Poland, Benelux), Asia Pacific (Japan, China, South Korea, India, Australia, Singapore, Chile, Colombia, Argentina), and MEA (GCC, South Africa). Among these, MEA market is anticipated to be boosted by accelerated urbanization and rising e-commerce penetration.
Considering the competitive aspect, Cisco Systems, Inc., ABB Ltd., Black Box Corporation, Cyber Power Systems India Pvt Ltd., ClimateWorx International, Inc., Degree Controls, Inc., Green Revolution Cooling, Inc., Eaton Corporation, Dell, Inc., Hewlett Packard Enterprise Company, IBM Corporation are among the major companies influencing the data center infrastructure market trends.