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Service Market for Data Center worth 77.51 Billion USD by 2022

The service market for data center is estimated to grow from USD 39.68 Billion in 2017 to USD 77.51 Billion by 2022,

<p>Data center down time or any minimal interruption may cause huge loss to the organization. Data center services such as design &amp; consulting, installation &amp; deployment, professional services, training &amp; development, and maintenance &amp; support are important for the efficient functioning of data center facilities. These services are fueling the growth of market as organizations are increasingly adopting data center services to ensure maximum uptime and uninterrupted data center functioning.</p> <p>&nbsp;</p> <p><br />The report provides detailed insights into the global service market for data center, which is segmented according to the type of services, tier types, end-users, data center types, industries, and regions. In the type of service segment, professional services are expected to dominate the market and contribute the largest market share, whereas, training &amp; development is set to grow at the highest CAGR during the forecast period. The tier type segment includes tier 1 to tier 4 type of data centers, where tier 4 type of data center is estimated to have a higher market size as it has advanced functionality used by large data centers. Growing investments in data center technologies across the world and increasing number of data centers are further demanding for services and fueling the growth of the global market.</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p><br />The report covers all the major aspects of the service market for data center and provides an in-depth analysis across the regions of North America, Europe, Asia-Pacific (APAC), the Middle East &amp; Africa (MEA), and Latin America. The market in North America is expected to hold the largest market share. Due to the presence of various developing countries, growing number of data centers, and an increasing adoption associated services, the APAC region is projected to have great opportunities in this market and would grow at the highest CAGR by 2022.</p> <p>&nbsp;</p> <p><br />However, increasing prevalence of third-party service providers may act as the restraining factor for the market. Various vendors are providing Service Market for Data Center services that help enterprises in reducing their CAPEX and OPEX. Dell is one of the major vendors that offer professional services to manage and maintain the IT environment and provides services that assist platform transitions. The company has extensively focused on developing data center services that can help to transform data centers in a cost-effective and secure way. Other vendors include 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). These players adopted various strategies such as new product launches, partnerships, collaborations, and expansions to become competitive in the market.</p> <p>&nbsp;</p> <p><br />for a discussion on the above findings, click&nbsp;</p> <p>https://www.marketsandmarkets.com/Market-Reports/service-market-for-data-centers-78453204.html&nbsp;</p> <p><br />&nbsp;</p> <p>&nbsp;</p>

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