Global Datacenter Network Consulting and Integration Services Market: Snapshot
The global datacenter network consulting and integration services market is likely to exhibit robust growth in the coming years due to the rising complexity in the network design requirements of data centers and the rising need for data centers in a number of industry verticals. The datacenter network consulting and integration services market is likely to benefit from the rising number of end users of data centers, which has brought about versatility and customizability in datacenter network design and is likely to remain a key determinant of the growth potential of the global datacenter network consulting and integration services market in the coming years. The rising complexity of datacenter operations is also likely to benefit the global datacenter network consulting and integration services market in the coming years.
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The global datacenter network consulting and integration services market was valued at US$2.2 bn in 2017. According to Transparency Market Research, the market is likely to exhibit a strong 7.9% CAGR over the 2017-2024 forecast period and emerge at a valuation of US$3.2 bn.
Rising Number of End Use Industry Verticals Likely to Drive Growth
One of the key drivers for the global datacenter network consulting and integration service market is the rising number of verticals adopting data centers in their operation. Data centers have become vital due to the rising use of digital data generation and customer outreach mechanisms, which present better financial prospects to end users. Booming sectors such as IT and telecommunication and BFSI are likely to remain vital contributors to the global datacenter network consulting and integration service market in the coming years due to their rising need for mechanisms that can handle growing volumes of digital data efficiently. The complexity of network design required in advanced operations in economically important sectors such as BFSI is likely to drive the datacenter network consulting and integration service market in the coming years.
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Network Design Likely to Dominate Demand from Datacenter Network Consulting and Integration Service Market
Of the several types of consulting services offered in the datacenter network consulting and integration service market, network design dominated demand in 2017 and is likely to remain the leading contributor to the global market through the 2017-2024 forecast period. The network design segment of the datacenter network consulting and integration service market was valued at US$581.1 mn in 2017 and is expected to rise to a valuation of US$929.6 mn by 2024. The segment is likely to exhibit a robust 9.9% CAGR through the forecast period on the back of rising demand for advanced network design technology in data centers due to the rising need for customization.
North America Likely to Dominate Datacenter Network Consulting and Integration Service Market
Of the key regional segments of the global datacenter network consulting and integration service market, North America is expected to dominate demand in the coming years. The North America market for datacenter network consulting and integration services was valued at US$854.8 mn in 2017 and is likely to rise to US$1,253.5 mn by 2024. The market is expected to exhibit a robust 8% CAGR between 2017 and 2024, enabling steady dominance of the region in the datacenter network consulting and integration service market in the coming years.
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Competitive Dynamics
The global datacenter network consulting and integration services market is dominated by leading players such as Google Inc., Cisco Systems, Microsoft, IBM, Apple, AT&T, NTT Communication Corporation, HP Enterprise, Equinix, and Digital Reality.
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