Data Center Transformation Market Insights, Trends | Global Industry Report, 2023| MarketsandMarkets™
The growing data traffic and increasing need to improve data center efficiency are expected to spur the demand for data center transformation offerings across the globe. The global data center transformation market size is projected to reach USD 12.00 billion by 2023 growing at a Compound Annual Growth Rate (CAGR) of 13.2% during the forecast period (2018–2023).
The data center transformation market includes major vendors" such as Micro Focus (UK), Dell EMC (US), IBM (US), Atos (France), Cisco Systems (US), DynTek (US), Schneider Electric (France), NTT Communications (Japan), Microsoft (US), Bytes Technology Group (South Africa), Tech Mahindra (India), HCL Technologies (India), Performance Technologies (Greece), Rahi Systems (US), Inknowtech (India), GreenPages (US), General Datatech (US), Mindteck (India), Accenture (Ireland), Wipro (India), SoftChoice (Canada), Hitachi (Japan), Cognizant (US), NetApp (US), and Insight Enterprise (US). These players have embraced different growth strategies to expand their global presence and increase their market shares. New product launches and partnerships/collaborations are some of the significant strategies deployed by the major players to grow further in the data center transformation market. Several companies, such as Micro Focus, Dell EMC, IBM, and Atos, have adopted these strategies to expand their product portfolios.
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Micro Focus is one of the leading providers of data center transformation services for enterprises. Micro Focus has been following various organic as well as inorganic business strategies, such as mergers and acquisitions, new product launches, and product enhancements, with various industry leaders. For instance, in May 2016, Micro Focus acquired Serena Software, a leading provider of ALM products. With this acquisition, Serena Software adds software application development capabilities, such as software configuration and change management, and business process management, to Micro Focuss portfolio of ALM solutions.
Dell EMC offers innovative solutions and features to drive cloud adoption and customer satisfaction globally. It mainly focuses on introducing new product offerings, thereby meeting customer demands and driving the company’s growth. For instance, in May 2016, Dell EMC announced the launch of Virtustream Storage Cloud, a global cloud storage platform that offers enterprise-level resiliency and performance, combined with a true web scale. It is built for enterprises that need to secure, manage, and store mission-critical data in the cloud. Dell EMC focuses on its organic and inorganic growth strategies. The company is focused on expanding its offerings to address the customers’ ever-growing requirements by forging strategic partnerships with market players.
Related Reports:
Data Center Transformation Market by Service Type (Consolidation Services, Optimization Services, Automation Services, and Infrastructure Management Services), Tier Type, End-User, Data Center Size, Vertical, and Region - Global Forecast to 2023
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