Data Center Life Cycle Services Market Size, Share, Growth, and Industry Analysis, By Type (Hardware and Software), By Application (BFSI, Manufacturing, Healthcare, Media & Entertainment, IT & Telecommunication, Government and Others), Regional Insights, and Forecast To 2031

Updated On: 15 April 2024

Data Center Life Cycle Services Market Report Overview

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The global data center life cycle services market size was USD 3524.4 million in 2021 and market is projected to touch USD 8217 million by 2031, at a CAGR of 8.5% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the data center life cycle services market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Data center life cycle services (DCLS) are a range of services that are provided to businesses and organizations throughout the life cycle of their data centers. DCLS providers can help businesses and organizations to plan and design their data centers, taking into account their specific needs and requirements. DCLS providers can help businesses and organizations to construct and implement their data centers, ensuring that they are built to meet the required standards.

Data center life cycle services can be provided by a variety of vendors, including data center operators, system integrators, and IT consulting firms. The specific services that are provided will vary depending on the needs of the business or organization

COVID-19 Impact: Pandemic Increased the Market Demand

The COVID-19 pandemic has had a significant impact on the data center life cycle services market share. The COVID-19 pandemic has led to a significant increase in the adoption of remote work and online learning. This has put a strain on data center resources, as more people are using the internet to work, learn, and communicate. As a result, there has been an increase in the demand for data center life cycle services. Design and consulting services to help businesses and organizations design and build new data centers or upgrade existing ones. Implementation and integration services to help businesses and organizations install and configure new data center hardware and software. Managed services to help businesses and organizations manage their data centers on a day-to-day basis. Support and maintenance services to help businesses and organizations troubleshoot and resolve data center problems.

Latest Trends

"The increasing adoption of software-defined data center life cycle services is expected to fuel the growth in the market"

Software-defined data centers (SDDCs) are a new approach to data center architecture that uses software to control and manage the physical resources of the data center. This allows businesses to be more agile and responsive to changing demands, as well as to reduce costs. SDDCs are well-suited for cloud computing, as they allow businesses to easily scale their resources up or down as needed. SDDCs can help businesses to improve their data security and compliance by providing a centralized platform for managing all of their data. SDDCs can help businesses to reduce the cost of their data center infrastructure by eliminating the need for dedicated hardware for each application. They can be easily scaled up or down to meet changing demands, which makes them ideal for businesses that need to be able to respond quickly to changing market conditions.

Data Center Life Cycle Services Market Segmentation

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• By Type Analysis

According to type, the market can be segmented hardware and software.

• By Application Analysis

Based on application, the market can be divided into BFSI, manufacturing, healthcare, media & entertainment, it & telecommunication, government and others.

Driving Factors

"Increasing adoption of cloud computing to foster the market growth"

The adoption of cloud computing is increasing rapidly, as businesses of all sizes are looking to take advantage of the scalability, flexibility, and cost-effectiveness of cloud-based services. This trend is driving the growth of the data center market, as businesses need to invest in cloud-ready data centers to support their cloud deployments. The cloud computing market is expected to reach $623.8 billion by 2023, and this growth is expected to continue in the coming years. As the cloud computing market grows, the demand for data center life cycle services is also expected to grow.

"Growing awareness about its health benefits to result in the expansion of the market"

Modular data centers are becoming increasingly popular, as they offer a number of advantages over traditional data centers. Modular data centers are prefabricated, which makes them quick and easy to deploy. They are also scalable, so businesses can easily add or remove modules as their needs change. In addition, modular data centers are more energy-efficient than traditional data centers, which can save businesses money on their energy costs. The modular data center market is expected to reach higher numbers by 2033, and this growth is expected to continue in the coming years.

Restraining Factors

"Complex regulatory to hamper the market growth"

Complex regulatory is a major restraining factor in the market because it can make it difficult and expensive for businesses to comply with the regulations. The complex regulatory environment can make it difficult for businesses to comply with all of the applicable regulations. This is because the regulations can be complex and ever-changing. In addition, the regulations can vary from country to country, which can make it difficult for businesses that operate in multiple countries.

Data Center Life Cycle Services Market Regional Insights

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"North America to lead the market owing to the presence of a large number of data-driven businesses and organizations. "

The North America region has shown the highest data center life cycle services market growth. North America is the largest market for data center life cycle services due to the presence of a large number of data-driven businesses and organizations in the region. The region is also home to a number of major data center providers, such as Equinix, Digital Realty Trust, and QTS Realty Trust.

Key Industry Players

"Key players are employing advanced technologies in order to stimulate further growth of the market"

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• Schneider Electric: Rueil-Malmaison, France
• HP: Palo Alto, California, USA
• IBM: Armonk, New York, USA
• Vertiv: Radnor, Pennsylvania, USA
• Nlyte Software: Atlanta, Georgia, USA
• Optimum Path: San Jose, California, USA
• Raritan: Parsippany, New Jersey, USA
• Broadcom: San Jose, California, USA
• FieldView Solutions: Boston, Massachusetts, USA
• Huawei Technologies: Shenzhen, China

Report Coverage

This report examines an understanding of the data center life cycle services market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.