North America is Estimated to Command the Largest Share of 38.76% of the Global Data Center Services Market

Date: 2015-08-17

The global services market for data center is estimated to grow at a CAGR of 15.08% from 2014 to 2019. Although the mature markets (such as the U.S. and the U.K.) hold larger shares in the services market for data center, the Asia-Pacific region is expected to grow at the highest CAGR of 18.73% during the forecast period. The growth of the datacenter asset management market is driven by factors such as soaring demand and requirement of improved and efficient data center operability, and energy efficiency solutions. However, factors such as low IT budgets of the company and high transformation pace of infrastructure management are restraining the growth of this market. Moreover, emerging economies such as India, Brazil, Singapore, and China are creating growth opportunities for the datacenter asset management market in these regions.   

Geographically, North America (comprising the U.S. and Canada) is estimated to command the largest share of 38.76% of the global services market for data center in 2014, followed by Europe. The services market for data center in North America is primarily driven by factors such as increasing green initiative, high technological advancements in datacenters, and high numbers of cloud and colocation service providers. However, high pace of innovations, reducing data center assets life cycles, and budgetary constraints are some of the main issues which are hampering the growth of the datacenter asset management market in this region. The Asia-Pacific region is estimated to grow at the highest CAGR of 18.73% from 2014 to 2019. Factors such as increasing numbers of new datacenter, high technological adoption rates, and increasing requirement of optimum utilization of resources propelling the growth of the datacenter asset management market in the Asia-Pacific region.

The global services market for data center is a competitive market with a number of new and established market players with niche technologies. As of 2014, the global datacenter asset management market is estimated to be dominated by market players such as Schneider Electric (France), Dell (U.S.), Cisco (U.S.), IBM Corp. (U.S.), and HP (U.S.). New launches and partnerships, agreements, collaborations, and joint ventures are the major strategies adopted by most market players to achieve growth in the services market for data center.    

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