The global data center market equipment market is expected to witness appreciable growth over the forecast period owing to increasing need for data backup and data storage. Increasing need for construction and renovation of data center equipment may further propel market growth. Data center equipment construction includes design, architecture, installation of electrical and mechanical systems, and incorporation of security mechanisms.Rapid growth in social media, innovations in cloud computing, big data and digitalization of information is expected to drive the global data center equipment market.
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Convergence of video, mobile services, and cloud technologies resulting indevelopment ofnext-generation data center networks is anticipated to fuel market growth over the forecast period. Technological advancements in business model owing to cloud services is expected to transform data center to provide pooled and automated services for data efficiency. Increasing use of multiple operating systems running on virtual machinesresulting in sharingof hardware resources is expected to drive market growth. Further, developments in virtualization technology resulting inreduced costsincreasehardware utilization efficiencyhigh time application availability, improve business continuity, increase IT productivity, improve responsiveness, is anticipated to contribute to market growth. Further, increasing need for more powerful switches and components owing to data center virtualization is estimated to fuel market demand.
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