According to a recent analysis by Grand View Research, the size of the global data center automation industry is expected to reach $20.9 billion by 2030. From 2022 to 2030, the market is anticipated to expand at a CAGR of 13.5 percent.
Data center automation is expected to become more necessary as social networking, cloud computing, mobile computing, and analytics all grow in popularity. Additionally, the quick uptake of big data, gaming, and other social networks is producing a huge amount of data that might make it necessary to automate business operations.
The full 100-page full market research report published by Grand View Research can be found here.
Key industry insights from the report would include the following:
- By component, the solution segment’s revenue share in 2021 was the highest at 58.7 percent. Because there is a need for server automation systems in data centers, which make it possible for organizations and people to quickly deploy, set up, patch, and manage physical dedicated servers, virtual servers, and cloud servers.
- Due to the increase in demand for effective servers that resulted in sufficient network and storage facilities, the server sector accounted for the majority revenue share of 51.6 percent by solution in 2021. Due to the quick provisioning of additional resources, scalability, improved security, and traffic and monitoring analysis of data center networking, the network segment is predicted to increase at a CAGR of 12.7 percent.
- Due to the increase in business adoption of high-end cloud computing in developing economies, the cloud category accounted for the largest revenue share (51.2 percent) in 2021 in terms of deployment.
- Due to the growing integration of sophisticated business technologies like data analytics and big data, large enterprises accounted for 69.5 percent of all corporate revenue in 2021. As a result, they are also required to store larger and larger amounts of daily data.
- IT & telecommunications accounted for a sizable revenue share of 23.6 percent by end-use in 2021. IT has emerged as a key tool for balancing the need for sophisticated IT with the requirement to maintain appropriate IT spending as it becomes a more fundamental part of the telecom industry.
- In 2021, North America had the biggest market share with 47.8 percent. The need for Big Data analytics and cloud computing, as well as the existence of several top industry competitors in the area, would be fostering market expansion.
