As more options are becoming available for data protection, it's important to take a look at your current data protection strategy and what's in store for the future. And we're here to tell you that data centers are here to stay.
The global outlook for data centers is positive and will remain so for a long time, especially considering the indication that current data centers will have completed only half their life-cycle by the year 2025. There will, of course, be regional disparities depending on various factors such as costs, security and government norms, but the fact that there is general growth in the segment is undeniable.
Data centers are lifelines for various sectors across the grid: banking, marketing, education, telecommunications, power, technology. Name an industry and you surely find at least a handful of companies from that industry hosting their data with a data center. The reliance on data and big data analytics have helped the industry grow as well, ensuring that data centers have a strong foothold in the data protection market. .
Consider the North American data center market as an example. A dense market for the data center industry, this area boasts of around 10 million square meters of data center white space with an increase in spending of 3.5% in 2013. A look at the other side of the planet will tell you that the data center spending in Asia-Pacific is even better, with a 7% annual growth rate. In Europe, the spending is expected to be around 2%.
Here are a couple of key changes and trends that will support data center growth and future development.
- The scales adopted by the current lot of Internet companies, cloud technology players and software service giants will define the data center industry of tomorrow.
- The key decisive factors have evolved over the years to include monitoring and infrastructure in the top slots as the primary concerns, followed by energy and efficiency.
- Data centers are not primary storage-driven entities anymore, as businesses look for data centers dealing with services related to access and processing of this data, too.
- In enterprise software, revenues are projected to grow by 4.8% in 2014, followed by an even better figure of 5.9% in 2015.
The changes in the global economy as well as the information technology sector do pose concerns, of course, as they do to every other segment.
At Lifeline Data Centers, industry growth and innovation drives us to excel at what we do, which is offering premium data center services with 99.995% uptime guaranteed. We want to be a key player in promoting data center growth and development in the future.
To learn more about our data center colocation services, contact us today.