Next Generation Data Center Market Outlook - 2030
Next generation data centers are type of storage devices designed to store both data and applications for business and personal use. These are used to retrieve and save huge amount of data. Next generation data centers rely on the software technologies as they are allowing better control of physical and virtual resources. Some of the important properties that have increased the popularity of the next generation data center in the market include its accuracy, reliability, security, and scalable solutions.
The companies involved in the manufacturing of Next Generation Data Center are now focusing on maximizing the installation of the Next Generation Data Center which will provide more accurate results. This development will help the Next Generation Data Center to penetrate in the market. The Next Generation Data Centers find their applications in diverse sectors such as media and entertainment, healthcare, government and others.
The global next generation data center market is segmented on the basis of product, end use and region. Based on type, the market is divided into hardware, software, and services. In terms of end use, the market is categorized into BFSI, IT and telecommunication, media and entertainment, healthcare, government and defense, retail, manufacturing, others. On the basis of solutions, the market is divided into CC. On the basis of end users the market is divided into DD. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global next generation data center industry include Cisco Systems ,HCL Technologies ,HP ,NXTGEN Technologies ,Hitachi Ltd ,Dell EMC , Cyrus One ,Global Switch ,DuPont Fabros Technology, Tollhouse and IBM. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global next generation data center market.
COVID-19 Scenario Analysis
The COVID-19 pandemic is a serious health emergency that affects almost every industry. The COVID-19 pandemic has forced all regulatory agencies around the world to implement lockdown and travel restrictions to control the COVID-19 outbreak, which has a moderate impact on business growth.
In the past decade, the market has grown an importance around the world due to its extensive use as a data-storing device. However, the COVID-19 pandemic has significantly hampered the next generation data center market growth. The production rate of the data storing devices decreased, which led to a price increase in the market, which can be proven with the help of an economic theory of the "price elasticity of supply" to be able to continue their operation with only limited workforce. The rise in price lowers the demand and impact the next generation data center market size.
However, after the COVID-19 pandemic the Next Generation Data Center industry will regain its demand in the market because of its increase in diverse and innovative areas of application such as media & entertainment, healthcare, government, and others.
Top Impacting Factors
The major factors that impact the growth of the next generation data center market include emerging cloud computing and smart technologies. These technologies generate huge amount of data, which can be easily analyzed and accessible with the help of Next Generation Data Center.
In consumer electronics, Next-generation data center has become an important technology because everything in use today generates data which creates next generation data center market opportunity. For example, portable electronic devices, movies, games, advertisements, that is, almost all of these generate data. Next-generation storage technology is used to store and retrieve data more efficiently. The Next Generation Data Center requires the high installation cost which limits the market growth.
Extensive Use of Next Generation Data Center in Consumer Electronics
In the consumer electronics, almost all the devices generate data for instance games, wearable electronics item and many others. Next Generation Data Center provides storage to save and analyze data easily. Next generation data centers rely on software to account for maximum utilization, as most of the management functions and critical operations are enabled in the software. Next Generation Data Center are high in demand of better utilization and control over the network and data. Thus, all factors boost the demand in the next generation data center market forecast period.
Key Benefits of the Report
- This study presents the analytical depiction of the next generation data center Market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the next generation data center market share.
- The current market is quantitatively analyzed to highlight the next generation data center market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed next generation data center market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Next Generation Data Center Market Research Report
- What are the leading market players active in the Market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
Next Generation Data Center Market Report Highlights
| Aspects | Details |
 By Product |
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 By End User |
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 By Region |
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 Key Market Players | IBM, HP, Cisco Systems, Cyrus One, Global Switch, HCL Technologies, DuPont Fabros Technology, Dell EMC, NXTGEN Technologies, Hitachi Ltd |
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