The use of information technology for businesses has increased tremendously across the globe, thus creating a demand for efficient data centers. In the last few years, virtualized or cloud-based computing has been gaining popularity across diverse industries. To ensure a smooth transition, the demand for data center support service is expected to rise significantly in the next few years. Furthermore, the rising adoption of containerized data centers is likely to encourage the growth of the data center infrastructure support service market across the globe.
Which region is estimated to remain dominant in the near future?
The global Data Center Infrastructure Support Service Market has been classified on the basis of geography. Among the key regional segments, the North America segment is expected to witness high growth in the next few years. The presence of several leading players and the rising technological advancements are the key factors likely to propel the growth of the market. In addition, the rising popularity of cloud computing technologies and the rising rate of adoption are projected to offer promising growth opportunities for the data center infrastructure support service players in this region.
Which factors are predicted to accelerate market growth?
A significant reduction in the cost of operations and favorable government regulations are the key factors that are estimated to encourage the growth of the global data center infrastructure support service market in the next few years. The rising popularity of green data center solutions and the rising diversity in the services that are being offered by data centers are further projected to drive the global market. On the other hand, the non-availability of advanced technologies and the high cost of maintenance are estimated to curtail the growth of the overall market in the next few years. Nonetheless, the growth in enterprise virtualization is expected to generate promising growth opportunities for the leading players across the globe.
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Which factor is encouraging the entry of new players in the global market?
The global market for data center infrastructure support service is expected to witness a high level of competition in the next few years. With the presence of several players and their emphasis on research and development, the market is likely to grow substantially in the near future. Some of the key players operating in the data center infrastructure support service market are Eaton Corporation Plc, STULZ GmbH, Raritan Inc., Schneider Electric SE, Rittal GmbH & Co. KG, Emerson Network Power, and Tripp Lite. The rising popularity of management and monitoring tools is attracting several new players to enter the market. The leading players in the market are focusing on developing new products in order to cater the growing demand for managing data centers.