The global data center robotics market size was valued at USD 218.0 million in 2021 and the global data center robotics market share is expected to reach USD 1,009.6 million by 2030. : ABB INTERNATIONAL LTD., BMC Software, Inc, Cisco Systems, Inc, ConnectWise, LLC, Huawei Technologies Co., Ltd., Siemens and other leading key players. According to a research report published by Spherical Insights & Consulting.
New York, USA, Nov. 02, 2022 (GLOBE NEWSWIRE) — According to a research report published by Spherical knowledge and advice, the Global data center robotics market size to grow from USD 218.0 million in 2021 to USD 1,009.6 million by 2030, at a compound annual growth rate (CAGR) of 7.0% during the forecast period. The main driver for the expansion of the market is the exponential growth of data. As a result, there is a growing global need for social, mobile, analytics, and cloud services, which is increasing the demand for the data center robotics market. Social media platforms have recently grown dramatically, creating new data storage facilities. Major IT companies are buying robotics companies to pursue data center automation. Asia-Pacific is expected to witness the fastest growth over the forecast period, followed by North America and Europe.
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The COVID-19 pandemic has had a negative impact on credit portfolios. There has been an unprecedented rise in unemployment and disruptions to economic activity, putting a strain on the creditworthiness of customers and businesses. Central banks have taken a proactive approach by injecting liquidity into the market through lower interest rates and asset purchase programs. Managing and monitoring credit, market, liquidity, and operational risk in financial markets was difficult enough with ongoing geopolitical tensions, international trade wars, and occasional hurricanes and earthquakes. The current pandemic situation has forced risk managers and their teams to recalibrate old assumptions and models used to manage and monitor risk. The global impact of COVID-19 has shown that interdependence plays an important role in international cooperation. As a result, many governments have started to rush to identify, evaluate, and acquire reliable AI-powered solutions.
The IT infrastructure segment will account for the largest market size during the forecast period
On the basis of type, the data center robotics market is classified into IT infrastructure, electrical infrastructure, mechanical infrastructure, and racks. The IT infrastructure segment will account for the largest market size during the forecast period. As data analytics has become essential to business success as well as the general good, companies are moving away from their current resources and turning to well-equipped data centers to enable better data management. Concerns about data privacy and efficient data storage continue to drive the development of IT infrastructure in this regard, due to which the data center market is expected to be dominated by IT infrastructure.
IT & Telecom segment will hold a higher CAGR during the forecast period
On the basis of end user, the data center robotics market is categorized into IT & Telecom, BFSI, Healthcare, Government & Defense. The Commercial segment will hold a higher CAGR during the forecast period. In the coming years, the data center market is expected to be dominated by the IT and telecommunications sectors. Huge amounts of data are produced due to the rapid adoption of advanced technologies such as the Internet of Things (IoT), cloud computing and artificial intelligence (AI).
Browse key industry information spread across 203pages with 98 market data tables and The figures & graphics report “Global data center robotics market sizeSharing and analysis of COVID-19 impact by type (IT infrastructure, electrical infrastructure, mechanical infrastructure and racks), by end user (BFSI, IT and telecommunications, healthcare, government and defense) and by region (North America , Europe, Asia-Pacific, Latin America, Middle East and Africa), analysis and forecasts 2021 – 2030.” in detail with the table of contents.
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North America is estimated to account for the highest market share in 2021.
The global data center robotics market has been segmented into five major regions: North America, Europe, Asia-Pacific, South America, Middle East & Africa. More than 2,600 such facilities exist in the United States, many of them in Northern California, home to several IT companies such as Google, Facebook, Uber, Twitter and Yelp. In addition, North America has a large, well-developed and efficient technological infrastructure. Asia-Pacific to maintain a higher CAGR during the forecast period.
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Key companies and recent developments: The report also provides elaborate analysis focusing on current business news and developments, including product development, innovations, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and others. This helps to assess the overall competition in the market. The major vendors in the Global Data Center Robotics Market are ABB INTERNATIONAL LTD., BMC Software, Inc, Cisco Systems, Inc, ConnectWise, LLC, Huawei Technologies Co., Ltd. and Siemens.
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