Service Market

New Product Developments and Partnerships/Collaborations in the Service Market

Exponential growth in the data traffics had a positive impact on the growing demand for data centers all over the globe. The service market for data center is projected to have an increasing growth owing to the growing requirement for high-performing data centers across industry verticals. The global service market for data center is projected to be USD 77.51 Billion by 2022 and is estimated to grow at a Compound Annual Growth Rate (CAGR) of 14.33% during the forecast period.

The service market for data center includes an expansive number of vendors such as HPE (U.S.), IBM (U.S.), Schneider Electric SE (France), Cisco Systems, Inc. (U.S.), Dell, Inc. (U.S.), Fujitsu Ltd. (Japan), Vertiv Co (U.S.), Hitachi Ltd. (Japan), Equinix, Inc. (U.S.), and Huawei Technologies Co. Ltd. (China). Players in this market have embraced different strategies to extend their worldwide presence and expand their market share. New product developments and partnerships/collaborations are some of the significant strategies embraced by the market players to accomplish development in the service market for data center. Companies such as HPE, Dell, IBM, Equinix, and Huawei have adopted these strategies to expand their product portfolio.

HPE is one of the major providers of data center services. The company has a global clientele and provides technology solutions to businesses and public sector enterprises. The company’s long-term strategy for data center services is more focused towards organic strategies. HPE is expected to develop new products & solutions to attract larger customer base worldwide. In March 2017, HPE announced the launch of Pointnext, which is a technology service organization. The organizations help companies to accelerate their digital transformations and make desired business outcomes. In March 2015, the company launched technology and services portfolio designed for the growing service provider market. The new launch caters to the needs of service providers to create differentiated services, increase speed and agility, and drive business growth. These launches further support the fact that HPE would be focused on organic growth strategy for cementing its market leader position in the service market for data center.

Equinix is another major provider of data center services. Equinix provides data center and colocation services to its clients all over the world. The company focuses on inorganic growth to tap into the service market for data center. In February 2017, Equinix announced the acquisition of IO UK's data center operating business in Slough, U.K. The acquisition is expected to help Equinix in satisfying the growing demand for digital infrastructure connectivity in Europe. Moreover, in January 2015, the company acquired Nimbo, a leading professional services company, to develop and implement hybrid cloud IT architectures. These acquisitions are expected to support the company’s drive to gain a leading position in the market.

Related Reports:

Service Market for Data Center by Service Type (Design & Consulting, Installation & Deployment, Professional, Training & Development, Maintenance & Support), Tier Type, End-User, Data Center Type, Industry, and Region - Global Forecast to 2022

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Service Market Size,  Share & Growth Report
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