Dublin, August 13, 2024 (GLOBE NEWSWIRE) — The report “Global Data Center Outsourcing Market – Forecasts from 2024 to 2029” has been added to The Offer.
The data center outsourcing market is estimated to be valued at $195.537 billion in 2022, growing at a compound annual growth rate of 5.06%, and will reach a market size of $276.282 billion by 2029.
It is growing steadily as organizations are increasingly contracting with suppliers who have superior resources and technical expertise to manage their IT infrastructure, including cloud computing services. The advent of big data, artificial intelligence, and cloud services has made this easier. One of the major factors driving the global data center outsourcing and hybrid infrastructure managed services market is the increasing need for better scalability, efficiency, and cost-effectiveness of IT infrastructure.
Managed hybrid infrastructure services and data center outsourcing are becoming increasingly attractive to companies looking to reduce costs. In addition, the need for managed hybrid infrastructure services and data center outsourcing is being driven by the growing demand for cloud-based services.
Increasing demand for shared infrastructure
The demand for virtual storage services has increased due to the growth of several industries and rise in shared infrastructure services. Other factors driving the data center outsourcing market include higher spending on enterprise technology and IT services and increase in market research and development initiatives. Furthermore, the data center outsourcing market will witness new opportunities during the forecast period due to technological advancements, modernization of manufacturing processes, and increasing demand from emerging economies.
Growing need for affordable IT solutions
Businesses are increasingly looking for solutions that are both affordable and provide long-term value. Hybrid infrastructure managed services and data center outsourcing offer a cost-effective way to leverage the latest IT solutions while minimizing operational costs. These solutions allow businesses to outsource the management of their IT infrastructure to a third-party provider that can provide a variety of services such as networking, hosting, and storage. They can also provide enhanced data security, scalability, and reliability.
The demand for cloud-based services is increasing.
An increasingly important part of modern IT infrastructure is cloud computing. Companies are increasingly using cloud computing solutions to reduce costs while improving scalability, security and performance. Cloud-based solutions provide a cost-effective way to store information, programs and services and access these resources from any location and any device. Because data is stored in multiple locations, making it more difficult for hackers to access it, cloud-based solutions are also more secure, which also leads to market growth.
North America is expected to experience high growth during the forecast period.
The region’s strong digital economy enables outsourcing providers to effectively deliver scalable and secure data solutions. In addition, many multinational companies are based in North America and are looking for flexible and affordable data center solutions. The confluence of these elements makes the region a hub for expanding data center outsourcing, attracting investments from both local and foreign sources. For example, in March 2023, Rimini Street introduced Rimini ONE, a complete outsourcing solution that includes IT operations, support, and maintenance. By providing companies with a central, efficient source for key IT services, the cost and complexity of data center operations are reduced. In addition, outsourcing allows companies to focus on their core competencies while ensuring the reliability and effectiveness of their data center infrastructure.
Market launches
In August 2023, Fujitsu was named a Visionary by Gartner in its latest Magic QuadrantTM for Data Center Outsourcing and Hybrid Infrastructure Managed Services. According to Fujitsu, inclusion in the Gartner Magic Quadrant as a Visionary underscores its advantages, advanced business practices and steady expansion. Thanks to its approach to hybrid IT, Fujitsu has been able to redefine industry standards and offer its customers transformative solutions that deliver measurable business results.
In July 2023, NTT DATA, a global leader in digital business and IT services, today announced the launch of a security management outsourcing service (MDR service1) to help prevent incidents and minimize damage when they occur. Starting in July 2023, the service will be offered in Japan before being made available globally by the end of the fiscal year, March 2024. Experienced security engineers with over 20 years of incident response experience as members of the company’s CSIRT2 organization, as well as knowledge from NTT DATA’s global Zero Trust Security Service, will support customer organizations with the MDR service.
Main features:
| Report Attribute | Details |
| Number of pages | 141 |
| Forecast period | 2022 – 2029 |
| Estimated market value (USD) in 2022 | 195.54 billion US dollars |
| Projected market value (USD) until 2029 | 276.28 billion US dollars |
| Average annual growth rate | 5.0% |
| Regions covered | Generally |
Featured companies
- IBM
- NTT DATA, Inc.
- Blackstone (QTS Realty Trust, Inc.)
- KKR (Ensono)
- Accenture
- Consciously
- Atos SE
- Tata Consultancy Services (TCS)
- Capgemini
- Infosys Limited
- HCL Technologies Limited
- Wipro Limited
Segmentation:
By company size
By data center location
- Customer locations
- Sales rooms
By industry vertical
- Banking and financial services
- Manufacturing
- Communication and Technology
- Healthcare
- Government
- Miscellaneous
By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Miscellaneous
- Europe
- United Kingdom
- Germany
- France
- Italy
- Miscellaneous
- Middle East and Africa
- Saudi Arabia
- Israel
- Miscellaneous
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Thailand
- Taiwan
- Miscellaneous
For more information about this report visit https://www.researchandmarkets.com/r/omf7xx
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Data center outsourcing market
