Data Center Outsourcing (DCO) Market, by Enterprise size (Small, Medium, Large), Data Center Location (Customer Premises, Vendor Premises), Industrial Vertical (Banking & Financial Services, Manufacturing, Communication & Technology, Healthcare, Government) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
Market Data Center Outsourcing (DCO) Market Overview
The Data Center Outsourcing (DCO) Market size was estimated at USD 252.99 billion in 2023 and is projected to reach USD 355.51 billion in 2030 at a CAGR of 4.98% during the forecast period 2023-2030.
The term "data center outsourcing" refers to a group of services offered by specialist IT companies for the implementation, upkeep, supervision, and optimal functioning of data center infrastructure and related components. The consumer group outsources these tasks to specialist IT suppliers because of their management expertise.
A number of key factors are driving the data center outsourcing market, including the rise in demand for shared infrastructure services, the expansion of numerous industries, an increase in spending on various IT and business technology services, and an increase in market research and development activities.
Additionally, new possibilities for the data center outsourcing market will arise throughout the forecast period as a result of advancements in technology, modernization of manufacturing techniques, and growing demand from emerging economies.
However, among the main factors limiting market growth and continuing to present challenges to the data center outsourcing market during the forecast period are a lack of expertise and skilled professionals in the industry as well as an increase in the infrastructure-related complications in different data centers.
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The coronavirus epidemic has had a mixed impact on the data center outsourcing (DCO) market. One one hand, the pandemic led to a surge in the demand for data center services, as businesses of all sizes have migrated to cloud computing and remote work. Moreover, many businesses looked for ways to reduce costs in the wake of the pandemic. Outsourcing data center operations helped businesses save money on capital expenses, operational costs and staffing costs. However, on the other hand, the economic uncertainty caused by the pandemic led some businesses to delay or can el data center outsourcing projects. Moreover, the pandemic disrupted the supply chain for data center equipment and services. This made it more difficult and expensive for businesses to outsource their data center operations.
Delvens Industry Expert's Standpoint
The Data Center Outsourcing (DCO) Market is expected to grow during the forecast period. This growth can be attributed to several factors, including the rise in demand for shared infrastructure services, the expansion of numerous industries, an increase in spending on various IT and business technology services, and an increase in market research and development activities. However, lack of expertise and skilled professionals in the industry as well as an increase in the infrastructure-related complications in different data centers might hamper the growth of the market during the forecast period.
Key Findings
• Based on enterprise size, the market is segmented into small, medium, large. The small enterprise segment dominated the market in the forecast period. In order to expand and reach new markets, smaller enterprises are more inclined to employ data center outsourcing services. Additionally, outsourcing services help small businesses lower the cost of their data center infrastructure. These services assist with business continuity due to their catastrophe recovery capabilities.
• Based on data center location, the market is segmented into customer premises, vendor premises. The vendor managed data center outsourcing dominated the market in this segment. This is because vendor managed data center outsourcing is a more popular option for organizations that do not want to invest in their own data center infrastructure or do not have the expertise to manage it in-house.
• Based on industrial vertical, the market is bifurcated into banking & financial services, manufacturing, communication & technology, healthcare, government. Technology and communication sector dominated the market in this segment. This is a result of the perception that the Information, Communication, and Technology (ICT) sector is developing in order to effectively and efficiently handle the increasing volume of data and resources being produced, which is increasing the complexity and expense of data center operations. The need for these services is increasing as a result of the growing popularity of data center outsourcing among big and mid-sized organizations.
• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America is estimated to account for the largest market share during the forecast period because of the well-developed Information, Communication, and Technology sector in countries like the United States. Moreover, its dominance in this area is a result of growing data center outsourcing expenditures and new data center openings that are boosting demand and propelling market expansion.
Data Center Outsourcing (DCO) Market Regional Analysis
North America to Dominate the Market
• North America is estimated to account for the largest market share during the forecast period because of the well-developed Information, Communication, and Technology sector in countries like the United States.
• Moreover, its dominance in this area is a result of growing data center outsourcing expenditures and new data center openings that are boosting demand and propelling market expansion.
Data Center Outsourcing (DCO) Market Competitive Landscape
• Accenture
• Atos SE
• Bridge Data Centres
• Capgemini
• CGI Inc.
• Cognizant
• CompuCom Systems, Inc.
• Dell
• Ensono
• Fidelity National Information Services, Inc
• FUJITSU
• HCL Technologies Limited
• Hewlett Packard Enterprise Development LP
• Hitachi Consulting Corporation
• IBM Corporation
• Infosys Limited
• Tata Consultancy Services Limited
• Tech Mahindra Limited
• T-Systems International GmbH
• Unisys
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Data Center Outsourcing (DCO) Market Recent Developments
• In December 2022, AWS and Atos SE have extended their strategic partnership through a multiyear, first-in-the-industry deal, with Atos choosing AWS as its preferred enterprise cloud provider and AWS designating Atos as a strategic partner for IT outsourcing and data center transformation.
• In April 2023, Ergo, an Argentinean company focused on data that assisted businesses in developing a culture of data-driven decision-making via the use of big data, analytics, and artificial intelligence (AI), was bought by Accenture.
Reasons to Acquire in the Data Center Outsourcing (DCO) Market
• Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
• Gain authentic and granular data access for the Data Center Outsourcing (DCO) Market to understand the trends and the factors involved in changing market situations.
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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