Data Center and Network Hardware Third-Party Maintenance Market worth USD 5,893.5 million by 2033

The Market Statsville Group (MSG) publishes the new report on the "Data Center and Network Hardware Third-Party Maintenance Market by Type, by Application (Large Enterprises and SMEs), By Region – Global Share and Forecast to 2033

According to the Market Statsville Group (MSG), the global data center and network hardware third-party maintenance market size is expected to grow from USD 1,851.5 million in 2022 to USD 5,893.5 million by 2033, at a CAGR of 11.10% from 2023 to 2033.

Data centers had become an essential component of contemporary computing infrastructures across organizations. They are also now witnessed as a key business parameter, not as external facilities, for the storage of data and business operation models, which has created lucrative demand for the data center and third-party services. Besides, the decade has observed a drastic rise in computer capacities, increasingly advanced applications, and an explosion in the amount of data being processed and generated in enterprises. The rising trend of outsourcing data centers and network maintenance and management due to the financial & operational benefits and other benefits will boost the market over the forecast period. On the other hand, Changes in the operational process in the data center, stringent government regulation and security requirements will hamper the market growth over the forecast period. Moreover, the growing number of smart data centers by key players will create huge opportunities for the upcoming period.

Global Data Center and Network Hardware Third-Party Maintenance Market Segmentation

The overall data center and network hardware third-party maintenance market has been segmented into type, application, and region.

• By Type (BREAK-FIX, IMAC, System Integration)
• By Application (SMEs, Large Enterprises)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

System Integration segment is at the highest CAGR during the forecast period

System Integration segment is expected to grow at the highest CAGR during the forthcoming period owing to the low cost of ownership for organizations. With increasing urbanization, the time is opportune to Plan, Design, Build, and Manage the resources on an on-going and sustained basis. System Integration also increased efficiency of power, cooling, and space by allowing critical infrastructure to reflect application behavior, such as idle periods or reduced loads. It also improved effectiveness of facility and IT personnel as changes or maintenance can be pinpointed, with known effects throughout the computing environment.

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The Europe to account for the highest CAGR during the forecast period

Over the forecast period, the Europe market is expected to grow rapidly. Over the coming years, a growing number of economic, technological and socio-political developments will provide both significant opportunities and demanding obstacles for European tech firms. The IT industry in Europe is experiencing constant development, and new trends are emerging year after year, making the market one of the most significantly growing markets in the technology industry. Due to these reasons this segment will resisiter highest CAGR for the forecast period.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the data center and network hardware third-party maintenance market. It also consists of the profiles of leading companies such as  Park Place Technologies, Cxtec, Service Express, DataSpan, AIMS DATA CENTRE, Equinix, CDS (Computer Data Source), EmconIT, OSI Global IT and Essintial Enterprise Solutions. The key players' growing research and development activities for launching innovative healthcare devices with advanced features and strategic unions are expected to drive market growth.

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