The global internet data center market is expected to experience significant growth over the forecast period owing to continuous upgrading, maintenance, and large number of available applications. Growing usage of cloud computing coupled with the need for ubiquitous and sensitive data has stimulated the market growth. Internet data centers provide maintenance of all resources through applications as well as integration of networking and server storage. The internet data centers are expected to have an enormous market through the next six years owing to varied functionalities they offer. The internet data centers market has application areas such as cloud storage, application servers, Customer Relationship Management (CRM) systems, data warehouses, Enterprise Resource Planning (ERP) systems, and file servers. Other applications include enhancements in server capabilities, rise in information availability, augmented data access, easy setup, transparency of end-users, and platform-independence.
Internet data centers have a sophisticated and highly integrated architecture for core systems, which is projected to be beneficial for vendors. Growing implementation of cloud computing coupled with the need for sensitive and ubiquitous data is expected to drive the market. Internet data centers help in overcoming complications of flexibility, scalability, reduced costs, and manageability. The internet data centers manufacturers have produced high-performance servers that handle an increasingly large number of client requests. Deployment of internet data centers in hybrid clouds and heterogeneous environments is projected to be a key market opportunity in the near future. Data storage mechanism has high chances of errors and internet data centers need government approval as well as huge investments. These factors are expected to restrain market growth over the forecast period.
The internet data center market is segmented on the basis of solutions, end-users, verticals, and services. On the basis of solutions, the market comprises of networking, servers, and storage solutions. On the basis of end-users, the market is categorized into enterprises, cloud providers, and colocation providers. Based on verticals, the market can be categorized into banking, financial services, insurance, media &entertainment, and government. On the basis of services, the market is divided into professional services, system integration, and monitoring services. Improvements in key competencies such as reliability, security, and multi-tenancy are expected to increase the acceptance of internet data centers over the forecast period.
North America is estimated to be a leading market for internet data centers. Rising demand for internet data centers in the Asia Pacific region is estimated to significantly propel the market through the next six years. Emerging market players in developing countries such as India and China are expected to increase their global presence over the next six years. However, the market in Europe is expected to grow at a considerable rate over the forecast period.
Major vendors in the internet data center market are Citrix Systems Inc., Cisco Systems Inc., Dell Inc., EMC Corporation, HP, Hitachi Data Systems, Intel Corporation, NEC Corporation, Riverbed Technology Inc., Oracle Corporation, and VMware.
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Artificial Intelligence (AI), Virtual Reality (VR), and Augmented Reality (AR) solutions are anticipated to substantially contribute while responding to the COVID-19 pandemic and address continuously evolving challenges. The existing situation owing to the outbreak of the epidemic will inspire pharmaceutical vendors and healthcare establishments to improve their R&D investments in AI, acting as a core technology for enabling various initiatives. The insurance industry is expected to confront the pressure associated with cost-efficiency. Usage of AI can help in reducing operating costs, and at the same time, can increase customer satisfaction during the renewal process, claims, and other services. VR/AR can assist in e-learning, for which the demand will surge owing to the closure of many schools and universities. Further, VR/AR can also prove to be a valuable solution in providing remote assistance as it can support in avoiding unnecessary travel. The report will account for Covid19 as a key market contributor.