Managed Data Center Services Market is expected to reach US$408.684 billion by 2025
Knowledge Sourcing Intelligence announces the publication of a new report on “Managed Data Center Services Market – Forecasts from 2020 to 2025” to their offering.
The growing incidences of cyber-attack, platitudinous data, expenditure optimization of operations, dearth of data management competence are a few factors, among others that are anticipated to drive this market.
As per the report, the market pertaining to managed data center services was valued at US$191.673 billion in 2019 and is projected to grow at a CAGR of 6.81%.
The growth of managed data center services market is dependent on several factors as mentioned below
This market is poised to witness an accelerated growth due to unprecedented penetration of technologies like mobility, cloud computing and big data across different industry verticals as well as the convenience provided by a managed infrastructure that is deployed, managed and monitored by a third-party infrastructure service provider that is made available to customers through the means of colocation cloud-based Data Center- as-a-Service (DCaaS) platform or data center. Moreover, dependent on the service level agreements between the managed data center services providers and customers, services like fault tolerance, installation patching of OS and other software, storage and backup maintenance, upgrading, and uptime and maintenance of all hardware and network equipment making it possible for businesses to drastically reduce operational cost and empower them with the simplification of resource management. Besides the development in the APAC regions is expected to throttle the market to unprecedented heights.
Updates on managed data center services market developments
July – It was reportedly announced that Alibaba Cloud is primed to launch its 3rd data center during the early part of 2021, in Indonesia aimed at the customers especially those who are engaged in the gaming and finance segment empowering then to thwart any plausible cyberattacks as well as providing a comprehensive offering of loud product and services that include machine learning, data analytics, and database, security, network, among others.
July – It has been reported that AIMS Data Centre (AIMS) has commenced the construction of a new Tier III data center facility in Cyberjaya, Malaysia that is expected to serve as the company’s flagship data center facility along with Menara AIMS that is located in Kuala Lumpur. This new strategic decision was set in motion to address the needs of enterprises and hyperscalers which demand stringent security adherence and high processing capabilities. Simultaneously enabling businesses to leverage its facilities for making forays in the ASEAN market.
July – located in Hong Kong’s developing data center cluster, Kwai Chung, Digital Realty (NYSE: DLR) announced its reported development of a new 21,000 sq. meter facility named Digital Realty Kin Chuen (HKG11) that is capable of delivering up to 24 megawatts of critical IT capacity will be made accessible to its customers by mid-2021 providing a boost in the digital transformation strategies and facilitating rapid cloud adoption.
July – A European provider of carrier and cloud-neutral colocation data center services called Interxion has reportedly announced the opening of the first phase of 2,300 sq. meters MRS3, its third data center in Marseilles that is slated to be followed by two additional phases which are scheduled during 2021. The facility is located in a former World War II submarine base known as Martha that is reported virtually indestructible. Further MS3 is located adjacent to MS2 that will allow it to capitalize on its dense connectivity as well as draw its power requirement from 100% renewable energy sources as well as meet its cooling requirements form a perennially unused water source that is drawn from the former Gardanne mines.
July – Teladatareportedly unveiled its private cloud hosting solution that has been built on the same technology platform as its proprietary cloud active capable of delivering immediate failsafe to protect customers against any possible data center outage across their sites. This new solution will be reportedly hosted in data centers that are owned by the company and is capable of offering its customers a full bespoke single tenanted VMWare platform.
June – Equinix, Inc. (Nasdaq: EQIX) has reportedly announced the expansion of its Dallas Infomart Data Centre campus achieved by the means of opening of a new $142 million IBX data center and the launch of its 5G and Edge Proof of Concept Centre (POCC) to capitalize on the opportunities provided by the city of Dallas in the southern United States. This facility will provide a capacity of 1,975 cabinets and a colocation space of approximately 72,000 sq. feet which will be a part of the total capacity of 3,850 cabinets and colocation space of more than 144,000 sq. feet That has been planned in the future.
As a part of the report, the major players operating in the managed data center services market, which have been covered are DXC Technology Company, Dell, HCL Technologies Limited, Fujitsu, and Ensono.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/managed-data-center-services-market
This report segmented the managed data center services market on the basis following terms:
- Managed Hosting
- Managed Colocation
- Managed Storage
By Enterprise Size
- Small Enterprises
- Medium Enterprises
- Large Enterprises
By Industry Vertical
- Banking and Financial Services
- Communication and Technology
- Media and Entertainment
Middle East and Africa
- Saudi Arabia
- North America
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