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The data center maintenance and support services market size growth is expected to progress at a CAGR of 12.04% and is estimated at USD 7.69 billion from 2021 to 2026.
This data center maintenance and support services market forecast report extensively covers segmentation by:
The data center maintenance and support services market report also offers information on several market vendors, including Capgemini Service SAS, Cisco Systems Inc., Dell Technologies Inc., Equinix Inc., Fujitsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Huawei Technologies Co. Ltd., International Business Machines Corp., Kyndryl Inc., Larsen & Toubro Infotech Ltd., Lenovo Group Ltd., Nlyte Software Ltd., Nokia Corp., NTT Communications Corp., Schneider Electric SE, Sify Technologies Ltd., Telefonica SA, and Vertiv Holdings Co. among others.
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Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The rise in data center spending is notably driving the data center maintenance and support services market growth, although factors such as data security concerns and increasing cyber threat may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the data center maintenance and support services industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Data Center Maintenance and Support Services Market Driver
One of the key factors driving the global data center maintenance and support services industry growth is the rise in data center spending. According to Cisco Visual Networking Index, global IP traffic is expected to increase by more than 26% from 2017 to 2022. In addition, the increasing use of cloud computing by companies across the globe is also driving the demand for data centers. For instance, in March 2019, Google LLC (Google), a subsidiary of Alphabet Inc., launched new cloud data centers in Zurich, Switzerland. In June 2018, Facebook Inc., a US-based social network service company, announced it would invest USD 750 million in building a data center in Huntsville, Alabama. Such factors will boost the demand for data center maintenance and support services and drive the market growth in the forecast years.
Key Data Center Maintenance and Support Services Market Trend
Increase in implementation of IoT across industries is one of the key data center maintenance and support services market trends that is expected to impact the industry positively in the forecast period. IoT devices generate huge volumes of data, which must be stored in data centers. Thus, multiple data center vendors are planning to build new data centers to cater to the increasing demand for data centers. For instance, in May 2019, Google announced its intention to invest around USD 600 million in its data center in Hamina, Finland. In addition, as the workload on data centers is increasing, data center maintenance and support service vendors are integrating advanced technologies such as AI and ML into their service offering to cater to their customers. For instance, IBM Services Data Center Advisor with Watson uses AI- and ML-based advanced analytics to optimize data center operations. Such factors will further support the market growth in the coming years.
Key Data Center Maintenance and Support Services Market Challenge
One of the key challenges to the global data center maintenance and support services industry growth is the data security concerns and increasing cyber threats. For instance, in February 2018, the servers of a water utility in Europe were attacked to mine Monero, a cryptocurrency. In addition, there have been instances of servers shipped by vendors, which were infected with malware, raising serious questions on the security aspects of vendors supply chain. Healthcare and financial services are among the many industries whose adoption of data center services is highly regulated. Any unauthorized in the production workflow will result in the loss of confidential patient data or account information, which may affect the reputation of the organization. Thus, such factors may limit the market growth in the coming years.
This data center maintenance and support services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global data center maintenance and support services market as a part of the global information technology (IT) spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the data center maintenance and support services market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the data center maintenance and support services market encompasses successful business strategies deployed by the key vendors. The data center maintenance and support services market is fragmented and the vendors are deploying organic and inorganic growth strategies such as to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The data center maintenance and support services market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the data center maintenance and support services market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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39% of the market's growth will originate from North America during the forecast period. US is the key market for data center maintenance and support services in North America. Market growth in this region will be faster than the growth of the market in other regions.
The significant increase in the demand for data centers and servers will facilitate the data center maintenance and support services market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of the COVID-19 pandemic propelled the growth of the market in North America. The emergence of a new business environment that triggered an increased shift to the work-from-home culture is increasing the adoption of cloud services and digitization. Lockdown norms across various industries multiplied digital and online transactions, which, in turn, propelled the demand for data center maintenance and support services. Thus, the market is expected to grow during the forecast period.
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The data center maintenance and support services market share growth by the IT and telecom segment will be significant during the forecast period. The significant increase in technological advances, explosive growth in data traffic, and rise in the demand for digital communication and content by consumers will drive the market growth through this segment in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the data center maintenance and support services market size and actionable market insights on post COVID-19 impact on each segment.
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Data Center Maintenance and Support Services Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12.04% |
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Market growth 2022-2026 |
$ 7.69 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
11.22 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 39% |
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Key consumer countries |
US, China, Japan, UK, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Capgemini Service SAS, Cisco Systems Inc., Dell Technologies Inc., Equinix Inc., Fujitsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Huawei Technologies Co. Ltd., International Business Machines Corp., Kyndryl Inc., Larsen & Toubro Infotech Ltd., Lenovo Group Ltd., Nlyte Software Ltd., Nokia Corp., NTT Communications Corp., Schneider Electric SE, Sify Technologies Ltd., Telefonica SA, and Vertiv Holdings Co. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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