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3. Technological Growth of Micro Data Center Market in Banking and Finance Industry

Banking, Financial Services and Insurance (BFSI), Public Sector, and IT and Telecom verticals accounts for the top three largest market during the forecast period 2014-2019. The Micro Datacenter services is applicable for every vertical, for any type of business, as today majority of businesses relies on internet communications and data warehouse to take key decisions. The essentialities of today’s business operationsinclude continuous connectivity, data availability, internet service and speedy data sharing. Nowadays, businesses are demandingeasier and flexible data center solutions for their operation andtransaction. Due to advancement in internet technology, and better internet connectivity over cloud and mobile devices, Micro Data center players can now serve their customers with variety of data center services and solutions.

Apart from Banking, Financial Services and Insurance (BFSI), Public Sector, and IT and telecom, there are few other revenue pockets, namelyoil & gas,military & defense which would witness significant growth during the forecast period.

The growth in Micro Data center industry is expected to grow sequentially with the growth in cloud services driven by mobility and on-demand deployment. Rapid generation of large data from various IT applications and systems are also forcing the deployment of Micro Datacenter.

The Micro Datacenter solutions are crucial in delivering any type of data center services, for any type of business. The application of Micro Datacenter solution across the top three verticals includes:

Application in Banking, Financial Services and Insurance (BFSI) market:

• Provides access to new type of operations and transactions including peer-to-peer transfer and international remittances in a user friendly environment.
• Enables financial institutionsfor flexible and easy access and storage services.
• Increases reach to new market segments such as small and independent institutions.
• Easy and convenient storage solution.

Application in Public Sector market:

• Provides flexible network and storage solution with dynamic real-time integration and supports service delivery deployments.
• Provides new value-added such as cloud capability and space saving.
• Provides storage automation toaddress data explosion for effective decision making.

Application in IT and Telecom market:

• Helps to communicate better with customers through virtualization services.
• Helps in ensuring coexistence between platformswhether cloud-based or on premises.
• Enhances migrating, consolidating and restructuring storage, directory services, and collaboration services.
• Maintaining, monitoring and reporting on consolidated environment.

Related Reports:

Mobile/Micro Data Center Market by Applications (Instant & Retrofit, Disaster Recovery, High Density Networks, Remote Office, Mobile Computing), Rack Size, Organization Size and Verticals - Global Advancements, Worldwide Forecast & Analysis (2014-2019)
https://www.marketsandmarkets.com/Market-Reports/micro-datacenters-market-828.html

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