Exponentially increasing demands for data storage due to the enriched flow of data have curated the imminent demands for data center support infrastructure. The global Data Center Support Infrastructure Market generated revenues worth $39.24 billion in 2018 and the demands in the market are expected to grow at a CAGR of 19.26% during the forecast period 2019 to 2025. A data center support infrastructure is a digital infrastructure primarily used for storing, sharing, and processing data. The volume of small and medium-size enterprises is growing at an astounding rate and these enterprises rely on data centers for handling data. The demand for hyper-scale data centers is increasing due to the increased momentum in technologies such as big data analytics, machine learning, artificial intelligence, IoT, and cloud computing.
Data Center Support Infrastructure Market Geographical Analysis
North America was observed as the most lucrative region in the global data center support infrastructure market. The region was held accountable for 32% of the market share in 2018 and the demands in the region are expected to grow considerably. The region is the home for the world’s largest and the most advanced data center, termed “The Citadel”. This technological fortress is situated in Nevada and is spread across 7.2 million square feet, and is responsible for the major contribution to the North American data center support infrastructure market. North America generated the maximum demands owing to the growing investment for establishing huge data centers in the region. Therefore, the North American turf is considered as one of the most demanding regions in the data center support infrastructure market.
Data Center Support Infrastructure Market Application Analysis
Although there exist a plentiful elements in the data center support infrastructure such as system integrator and cloud support, the components utilized for storing the data is considered as the major application in the market. This application of storage components is projected to grow at a CAGR of 16.10% during the forecast period. Among storage infrastructure, the hybrid storage technique is gaining popularity at a global scale. The IT industry is considered as the backbone in the data centers support infrastructure market, as the industry employs data centers for processing, storage, and visualization of data. Presuming the outrageous growth in data, the demands for data centers will also boost, thereby, benefiting the global market.
Data Center Support Infrastructure Market Competitive Landscape
The companies influencing the market are Emerson Network Power, ABB Eaton Group, IBM Corp., Schneider Electric, Huawei, Global Cloud Xchange, Hewlett-Packard Company, Dell, Raritan, McAfee, Intel Corporation, Siemens AG, Hitachi Ltd., Rittal, and Cisco Systems Inc.