Data Center Equipment Market Present Scenario and Growth Prospects from 2017 to 2024

1. Data Center Equipment Market Innovation Trends and Current Business Trends by 2024: Global Market Insights, Inc. Fuel Cell Market size worth $25.5bn by 2024

2. Regional Analysis of Data Center Equipment Market : • The U.S. is anticipated to hold the largest share in the data center equipment market.. This growth is driven by a wide adoption of cloud services and development in the telecommunication sector, server virtualization, and technological advancements. Moreover, Asia Pacific has the highest internet subscriber base and thus will witness a rapid growth of internet-based services. This trend will help this region to emerge as the potential market and have growth prospects over the forecast period. • Government, retail, manufacturing, healthcare, banking, telecommunications, and BFSI are the application areas for the data center equipment market. The telecommunication is expected to lead the application segment owing to the growing internet-enabled service applications. Telecommunication sector has a huge requirement of smart devices, which can handle the massive amount of information with integrity, high standards, and safety in IT fields as it produces huge information in the form of large customer database, call records, and sales.

3. Application Analysis of Data Center Equipment Market: • Improvements in current photovoltaic solar panels, as well as the introduction of advanced photovoltaic technologies, are anticipated to improve the device’s frequency in future. In addition, the provision of government incentives for renewable energy generation will increase the acceptance of green data centers. The adoption of modern technologies will make these information centers more virtual, greener, and converged with the cloud. Such changes will help the end users in minimizing the operational cost, lowering the physical space and capital requirement, and thereby driving the growth of data center equipment market during the forecast period. Moreover, the introduction of software-defined data centers will provide significant growth opportunities to the market in the coming years. • However, high power consumption along with cooling and efficient power infrastructure need will restrain the data center equipment market growth. The lack of skilled workers will also hamper the data center equipment market growth.

4. Competitive Market Share of Data Center Equipment Market: • Currently, many companies are providing advanced products according to the consumer needs. Some of the key players in the data center equipment include Digi International, Emulex Corp., Cisco Systems, Inc., Brocade Communication Systems, Inc., F5 Networks, Schneider Electric, NEC Corp., Meru Networks, Hewlett-Packard, and Alcatel-Lucent. These key players are bringing new products with advanced technologies and are engaged in acquisitions, alliances, and industry consolidations to remain competitive in the industry. • In January 2017, Hewlett-Packard launched a range of products in collaboration with Schneider Electric. The company’s new products include power distribution, security, IT, and cooling equipment. Additionally, in February 2015, Alcatel-Lucent launched 400G IP router interface, which would allow the information transmission between the current Alcatel-Lucent IP routers at a speed of 400 gigabits-per-second. This launch would provide operators a bigger advantage to push the limits of their IP network capabilities.

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