TMCnet News
$12 Billion Data Center Transformation Market - Global Forecast to 2023DUBLIN, July 16, 2018 /PRNewswire/ -- The "Data Center Transformation Market by Service Type (Consolidation Services, Optimization Services, Automation Services, and Infrastructure Management Services), Tier Type, End-User, Data Center Size, Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering. The global data center transformation market is expected to grow from USD 6.45 billion in 2018 to USD 12.00 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13.2% during the forecast period. Data center transformation services assist in enhancing and optimizing IT assets to achieve service level agreements. The transformation of data center applications from the client/server architecture generation to the cloud architecture generation has led to an increase in the demand for data center transformation services. Furthermore, the growing data center traffic and increasing data center spending have contributed significantly to the growing demand for data center transformation services. This report provides detailed insights into the data center transformation market by regions, segments, and verticals. The market has been segmented on the basis of service type. The service type considered for the market includes consolidation services, optimization services, automation services, and infrastructure management services. The platform considered for the data center transformation market includes internal brokerage enablement and external brokerage enablement. The tier type segment includes tier 1, tier 2, tier 3, and tier 4 type of data centers, where tier 4 type of data center is expected to hold the largest 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 data center transformation services and fueling the growth of the market. The report covers all the major aspects of the data center transformation market and provides an in-depth analysis across the regions of North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The market in North America is expected to hold the largest market size due to the presence of major vendors and increasing adoption of associated services. The APAC region is expected to provide several opportunities in the market and is projected to grow at the highest CAGR during the forecast period. Difficlty in application portability and regulatory compliance issues are expected to restrain the market growth. While deploying data center solutions, organizations transforming their data centers need to automate security to ensure operational efficiency through automatic provisioning and provide centralized control for all security capabilities. Organizations opting for data center transformation face the need to address security consideration which could impact the growth of the data center transformation market. Various vendors provide data center transformation to help enterprises reduce their Capital Expenditure (CAPEX). Micro Focus is one of the leading providers of data center transformation services for enterprises. Micro Focus has been following various organic as well as inorganic business strategies, such as mergers and acquisitions, new product launches, and product enhancements, with various industry leaders. Key Topics Covered: 1 Introduction For more information about this report visit https://www.researchandmarkets.com/research/4qjtv7/12_billion_data?w=5 Media Contact: Laura Wood, Senior Manager View original content:http://www.prnewswire.com/news-releases/12-billion-data-center-transformation-market---global-forecast-to-2023-300681381.html SOURCE Research and Markets |