The Data Centre Transformation Market size is forecast to reach $15.7 billion by 2026, growing at a CAGR of 14.4% in the period 2021-2026. The Data Centre Transformation involves the process of maximizing efficiency, capabilities and performance of the present overall IT infrastructure of an organization through the process of data centre migration, automating business methods, integrating shared and network virtualization, digital transformation, and more. The Data Centre Transformation Industry is primarily driven by the large scale industries, such as Banking, financial services and insurance (BFSI), smart manufacturing unit, Hyperscale cloud providers along with Retail sectors that need state-of-the-art high-density servers for complete data management control for their IT infrastructure. In fact, the growing adoption of IoT and cloud services among small and medium sized companies worldwide, increasing investments from companies such as Google, and Apple Inc. to develop green data centres are also contributing to the growth of the Data Centre Transformation market. Furthermore, the constant growth of the IT Infrastructure Management to offer mission-critical automation processes and other dependable communication solutions, combined with the surging demand of advanced industrial automation is estimated to propel the growth of the Data Centre Transformation Market.
Data Centre Transformation Market Segment Analysis – By Service Type
By Service Type, the Data Centre Transformation Market is segmented into Consolidation Services, Optimization Services, Automation Services, and Infrastructure Management Services. The Infrastructure Management Services is estimated to hold the maximum share of 43%, owing to the growing need of enhanced application and database performance among various industries to power up big data projects. Furthermore, the increasing need to manage expert guidance and technical expertise to solve varied IT challenges add to the market growth significantly. In June 2019, Microsoft Corporation and Oracle Corporation announced their business agreement to make their two cloud computing services perform together with high-speed links between their data centres. The partnership is formed to offer services such as inventory, financial planning, sales applications, and other underlying databases operations. Hence, the growing demand of multi-cloud solutions to manage mission-critical workloads across several organizations are some of the major factors that are analysed to drive the Data Centre Transformation Market.
Data Centre Transformation Market Segment Analysis – By Industry Vertical
By industry vertical, the Data Centre Transformation Market is segmented into Data Center Providers, Banking, financial services and insurance (BFSI), IT and Telecommunication and others. The IT & Telecommunication industry vertical held the highest market share of 38%, owing to increasing focus of the renowned companies such as Huawei, IBM and Schneider and among many others towards prefabricated modular data centres to administer the growing need to deliver Cloud computing and a software-defined infrastructure across diversified industries. Moreover, the growing penetration across many industry verticals in the Data Centre Transformation process for greater agility, reliability and affordable IT costs is estimated to drive the market growth. In April 2020, General Insurance Corporation invested around $2 billion to develop advanced prefabricated data centers across Europe. Therefore, the growing adoption of cloud architecture to support remote access and working, other integration of the network virtualization, and other cloud computing features are driving the Data Centre Transformation Market.
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Data Centre Transformation Market Segment Analysis – By Geography
By region, North America is dominated the Data Centre Transformation Market in 2020 with an estimated market share of 42%, followed by Europe and APAC, owing to the prominence of the major IT and Telecommunication industry, such as Google and Microsoft, and early adoption of cloud workflow among varied business organizations. Furthermore, the generation of large volumes of data by the multinational organizations, including Amazon, Oracle, and IBM adds to the potential growth of the Data Centre Transformation Market in this region. In September 2021, Carrier signed an agreement to acquire Nlyte Software, a leader in data centre infrastructure management (DCIM) software. The acquisition is developed to denote strength to Carrier in reference to developing data centre capabilities and promote enhanced services and solutions across the broad, global customer base of Carrier with the support of Nlyte’s software and services. Therefore, the increasing business collaboration due to the technological advancements, digitization and promising rise of E-trading across the regions is estimated to drive the Data Centre Transformation Market.
Data Centre Transformation Market Drivers
Rise in demand for Cloud Computing boost the market growth
The potential rise in mobile applications coupled with growing numbers of organizations including small, medium and large companies are transforming their workloads to cloud service and is driving the demand for the Data Centre Transformation Market. As a result, there are many new entrants in Data Centre Transformation solutions that are also estimated to raise the competition because of the aggressive growth in cloud services. In August 2020, Facebook invested US$800 million to build a data centre in Gallatin, northeast of Nashville and estimated to employ 100 people, which certainly represents economic development in the Tennessee Valley. Presently, several organizations in this region are investing in establishing enterprise-owned compute and storage centers to continue their innovations and research in IoT, AI, and other connected reality. Hence, the incorporation of multiple investments due to the rising trends of adopting cloud-services with the result of efficiency improvements by the enterprises is driving the demand for the Data Centre Transformation Market.
Growing technological innovation in data centers due to Covid-19 pandemic accelerate the market growth
The recent worldwide crisis caused by Covid-19 pandemic has influenced business organizations to integrate Software-driven data center automation, and thus accelerate rapid advancements across data center transformation applications, such as large-scale transformation to hardware, data center migration, adding virtualization and other software-defined solutions and more. In August 2020, EQT Infrastructure, an investment firm acquired EdgeConneX, pioneered in Edge Data Center, with an amount between $2.5 billion and $3 billion to influence the footprint of EdgeConneX as an edge and hyperscale data center, globally. Therefore, for aiming reliable remote data operations due to pandemics, many companies are highly adopting software-powered automation and artificial intelligence to innovate their ongoing projects, which eventually increase the demand during the forecast period of Data Centre Transformation Market.
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Data Centre Transformation Market Challenges
Expensive Investment in infrastructure provisioning causes hindrance to market growth
The Data Centre transformation process offers enhanced IT infrastructure, through more responsive and manageable business needs. Thus, the Data Centre Transformation solution has become a vital part of the contemporary computing technology landscape but licensing charge, along with the initial set-up expense are very high due to developing infrastructure provisioning. In order to keep up with the next generation of IT and digital transformation, a Data Centre Transformation solution must offer virtualization technology, hyper-scale facility, and other advanced solutions, which certainly influence the upfront cost. This is one of the major challenges that is observed to hinder the growth of the Data Centre Transformation Market during the forecast period 2020 – 2026.
Data Centre Transformation Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Data Centre Transformation Market. The Data Centre Transformation top 10 companies include:
Dell EMCIBMAtosCisco SystemsDynTekSchneider ElectricNTT CommunicationsMicrosoftBytes Technology GroupEquinix, Inc.Altus IT
Acquisitions/Technology Launches/Partnerships
In August 2020, Equinix, Inc., the global interconnection and data center acquired GPX Global Systems, Inc., and expanded to India with an investment of US$161 million, which highlights the emerging interest in the Data Center solution.
In September 2020, Digital Realty’s Interxion acquired Altus IT, the leading carrier-neutral data centre provider, to establish its presence in Croatia. The acquisition strengthens Interxion’s gateway in Southeast Europe to set interconnected data centres in this region.
Key Takeaways
North America is dominated the Data Centre Transformation Market in 2020 with an estimated market share of 42%, followed by Europe and APAC, owing to the prominence of the major IT and Telecommunication industry, such as Google and Microsoft, and early adoption of cloud workflow among varied business organizations.
The IT & Telecommunication industry vertical held the highest market share of 38%, owing to the increasing focus of the renowned companies such as Huawei, IBM and Schneider and among many others towards prefabricated modular data centres to administer the growing need to deliver Cloud computing and a software-defined infrastructure across diversified industries.
The potential rise in mobile applications coupled with growing numbers of organizations including small, medium and large companies are transforming their workloads to cloud service are driving the demand for the Data Centre Transformation Market.
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