Mega Data Center Market: New Revenue Pockets
In the mega data center market, the telecom and IT industry vertical is expected to account for the largest market share during the forecast period 2014-2019. Data centers are extensively used in the telecommunication and IT industries to store important and crucial data, which is the backbone of entire business. Rapid increase in the demand for data storage is pushing the business organizations to enhance the data storage capacities by either expanding its existing data centers or by establishing new facilities. But, managing the data centers at different locations is a difficult task and involves additional expenditure. So, organizations have started consolidating most of its data centers into providing larger facilities; thereby, giving rise to the mega data centers.
These centers present potential opportunities to various prominent and established market players serving the data center market space. With the rise in demand for larger and efficient data centers across the world, the market for mega data centers is expected to foresee significant rise in the forecast period. However, the revenue pockets mainly include the Banking, Financial Services and Insurance (BFSI); and government and public sector, which are expected to witness significant growth during the forecast period. The other verticals anticipated to show growth in the mega data center market are media and entertainment, healthcare, and manufacturing.
The mega data center market in the government and public sector is also expecting considerable growth. The government agencies along with the defence agencies have critical requirement for storing, accessing and managing the crucial data. These agencies have started managing the records electronically rather than manually. This is driving the market for mega data centers in the government and public sector, which in turn is creating huge opportunities for data center vendors to serve the government and public sector.
Related Reports:
Mega Data Center Market by Solutions: Infrastructure (Server, Storage, Networking), Support (Power, Cooling, Security), by Services (Professional, Monitoring, SI), & by Users (Cloud, Colocation, Enterprises) – Global Forecasts & Analysis (2014-2019)
https://www.marketsandmarkets.com/Market-Reports/mega-datacenter-market-965.html
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