DUBLIN--(BUSINESS WIRE)--The "Managed Data Center Services Market - Industry Trends, Opportunities and Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.
The Managed Data Center Services Market is estimated to grow to US$304.782 billion by 2023, from US$135.118 billion in 2017, growing at a CAGR of 17.67% over the forecast period.
Managed Data Center Services comprises of Managed Hosting, Managed Colocation, and Managed Storage services, among others. Others services comprise of Disaster Recovery, Network Security, Compliance, and Network Connectivity, to name a few. Managed Data Center Services are expected to witness moderate growth over the next five years due to the growing demand for outsourcing key Information Technology (IT) infrastructure requirements by the enterprises, owing to cost pressures and shrinking IT budgets.
The complexities involved in the setting up and operation of data centers mean enterprises are looking towards outsourcing as a primary option, which helps them to optimize business processes while keeping control over critical IT infrastructure. The Americas is the major market for Managed Data Center Services, constituting the maximum share, followed by Europe, the Middle East and Africa, while the Asia-Pacific will witness maximum expansion over the forecast period, on account of high growth observed in the Data Center market, favorable government policies, economic growth, and increasing investment towards IT infrastructure.
- Managed Hosting
- Managed Colocation
- Managed Storage
By Enterprise Size
- Small Enterprises
- Medium Enterprises
- Large Enterprises
By Industry Vertical
- Banking and Financial Services
- Communication and Technology
- Media and Entertainment
For more information about this report visit https://www.researchandmarkets.com/research/jl9bjw/2017_managed_data?w=4