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Augmented Demand for Cloud-based Storage and Increase in Enterprise Data to Propel the Global Data Center Market Through 2020, Reports TechnavioTechnavio research analysts are forecasting positive growth for many segments of the global data center market over the next four years as several markets including cloud storage gateway (CSG), micro-mobile data center, and data center storage area network (SAN), will witness an increase in revenues. According to Technavio research analysts, the physical security and portability features offered by micro-mobile data centers is driving the growth of the market and is expected to post a CAGR of over 46% during the period 2016-2020. Micro-mobile data centers are highly secured against physical attacks and are equipped with environmental sensors, biometric locks, and cameras. Moreover, they are made of rugged materials, making them durable enough to operate in harsh environments. Some modules are specially designed to support operations even after the failure of an individual infrastructure. Increasing consolidation of data centers is another primary factor contributing to the growth of the micro-mobile data centers. Rakesh Kumar Panda, a lead analyst at Technavio for ICT research, says, "Consolidation of data centers helps in the acquisition of business, overall cost reduction, reduction in power consumption, enhanced security, and improvement in efficiency. For instance, in the US, the federal government is involved in the consolidation of data centers to reduce operating expenditure and shift investments toward an efficient computing platform." Another segment of the data center market that is gaining traction is the global CSG market. The growing demand for cloud-based storage and the recent increase in enterprise data will aid in the growth of this market, helping the market to post a remarkable CAGR of about 41% from 2016-2020. Recently, many enterprises are struggling to handle the huge amount of data generated by the augmented use of mobile technologies. As a result, these enterprises are backing up their vital data in the cloud due to its cost effectiveness. Thus, the ability of CSG to facilitate the transfer of data from on-premise platforms to a cloud-based storage platform will result in its augmented adoption during the predicted period. View Technavio's entire data center market report library Technavio research analysts have further analyzed that the growing adoption of cloud-based storage and the need for better utilization of data center storage systems will aid in the growth of the data center SAN market, growing at a rate of almost 22% until 2020. SAN is preferred by enterprises because it offers better flexibility, availability, and performance compared to DAS storage systems. The global data center SAN market is segmented into the following key regions: EMEA, APAC and the Americas. The Americas constituted the largest share in the global data center SAN market in 2015, in which the US is the leading contributor because it is home to the highest number of data center facilities. Some of the key vendors for data center facility ABB, Amazon Web Service, and CTERA Networks for cloud storage gateway, Canovate, EMS, and Huawei (News - Alert) for micro-mobile data center, and Brocade, Cisco, and Dell for data center SAN. Browse related reports:
Purchase these three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio's reports allows you to download any three reports per month for the price of one. Contact [email protected] with your requirements and a link to our subscription platform. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
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