A lead analyst at AMR has highlighted that the data center robotics market across Asia-Pacific is anticipated to grow at the fastest CAGR during the forecast period.
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Allied Market Research published a research report on the data center robotics market. The findings of the report states that the global market for data center robotics generated $9.2 billion in 2021, and is projected to reach $56 billion by 2031, witnessing a CAGR of 20% from 2022 to 2031. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenarios for market players, investors, shareholders, and new entrants.
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“the service segment is expected to experience the fastest growth in the coming years, owing to the expansion of IoT-based applications has further accelerated data center demand for efficient data storage.” said Pramod Borasi, Lead Research at Allied Market Research.
The report provides insights on drivers, restraints, and opportunities to help the market players in devising growth strategies and capitalizing on opportunities. Advancement of smart data centers through robotic process automation and increase in the adoption of data center services drive the growth of the global data center robotics market. On the other hand, rise in security concerns of data center robotics and lack of technical proficiency and awareness impede the growth to some extent. However, surge in the adoption of robotics, AI, ML, and IoT technologies by various end users is expected to create lucrative opportunities for the key players in the industry.
The report provides a detailed scenario of the impact of the Covid-19 pandemic on the data center robotics market globally. It is helpful for the market players, new entrants, and investors to determine strategies as per the current scenario and improvise the business model for the next few years. The outbreak of the pandemic impacted the global data center robotics market positively, due to the smart integration of advanced technologies such as big data and AI in data centers which helped business organizations enhance various aspects such as perception, reasoning, learning, and problem-solving for detecting and predicting risks. This trend has continued post-pandemic as well.
The report also offers detailed segmentation of the global data center robotics market based on component, enterprise size, industry vertical, and region. These insights are helpful for new as well as existing market players to capitalize on the fastest-growing and largest revenue-generating segments to accomplish growth in the future.
By component, the hardware segment held the major share in 2021, holding nearly half of the global data center robotics market revenue, and is anticipated to lead the trail during the forecast period. However, the service segment is anticipated to showcase the fastest CAGR of 21.8% from 2022 to 2031.
By enterprise size, the large enterprises segment accounted for the largest market in 2021, garnering nearly three-fifths of the global data center robotics market revenue. Simultaneously, the SMEs segment would manifest the fastest CAGR of 21.0% throughout the forecast period.
By region, North America held half of the global data center robotics market revenue, and is expected to retain its domnance by 2031. However, the market across Asia-Pacific would portray the fastest CAGR of 22.7% during the forecast period.
Leading market players of the global data center robotics market analyzed in the report include ConnectWise LLC, Hewlett Packard Enterprise Development LP, Rockwell automation inc., Cisco Systems Inc, Huawei Technologies Co., Ltd., ABB, Microsoft Corporation, BMC Software, Inc, NTT Communications, and Siemens.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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