ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research has published a new market study on the data center equipment market, titled ‘Data Center Equipment Market (Servers, Power Distribution Systems, Storage Devices, Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020’. This report states that the global data center equipment market is expected to reach a value of US$72 bn by 2020 from a market value of US$32.1 bn in 2013. The market is expected to exhibit a 12.90% CAGR for the period from 2014 to 2020.
Browse Research Report: http://www.transparencymarketresearch.com/data-center-equipment-market.html
The report states that digitization is the key factor that has created unparalleled demand for data backup facilities and data storage across various industrial sectors. The demand for data center devices is rising due to the need for security of data and improved efficiency in the overall IT infrastructure. Every organization’s key focus is on excelling in cloud computing, digitization of data, and marking its presence in the social media industry. All these factors are achieved through new and improved data center equipment.
Owing to the proliferation of digital data and the need for effective data management to extract strategic information, data center equipment is mainly used across industries such as telecommunication, BFSI, healthcare, and pharmaceuticals.
The telecommunication segment had the highest revenue contribution in the market in 2013 due to the continuous rise in internet-enabled services.
Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/data-center-equipment-market.htm
Geographically, North America is the largest market for data center equipment due to technological system advancements such as e-discovery and server virtualization. Europe is also expected to experience similar technology advancements in the near future. Moreover, Asia Pacific and Rest of the World (RoW) are also expected to expand rapidly in the forecast period.
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Transparency Market Research (TMR) is a U.S.-based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.