New York, United States, November 2, 2022 (GLOBE NEWSWIRE) – According to a research report published by Football insights and advice, The Global Data Center Robotics Market Size To grow from $218.0 million in 2021 to $1,009.6 million by 2030, at a compound annual growth rate (CAGR) of 7.0% over the forecast period. The primary driver of market expansion is the exponential growth of data. As a result, there is a growing global need for social, mobile, analytics and cloud services, which is driving up the demand for the data center robotics market. Social media platforms have increased exponentially recently, resulting in the creation of new data storage facilities. Big IT companies are buying robotics companies to increase data center automation. The Asia Pacific region is expected to grow the fastest during 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 was an unprecedented rise in unemployment and disruption in economic activity, which put pressure on the solvency of customers and companies. Central banks have taken a proactive approach by injecting liquidity into the market by lowering interest rates and asset purchase programmes. Managing and monitoring credit, market, liquidity and operational risks across financial markets has been challenging enough with ongoing geopolitical tensions, international trade wars, and occasional hurricanes and earthquakes. The current state of the pandemic has forced senior risk managers and their teams to re-calibrate outdated assumptions and models used to manage and monitor risks. The global impact of COVID-19 has demonstrated that interdependence plays an important role in international cooperation. As a result, many governments have begun a rush to identify, evaluate and purchase reliable AI-powered solutions.
IT infrastructure sector to calculate the largest market size during the forecast period
On the basis of type, the Data Center Robotics market is categorized into IT Infrastructure, Electrical Infrastructure, Mechanical Infrastructure, and Racks. IT infrastructure segment to account for the largest market size during the forecast period. As data analytics becomes essential to corporate success as well as the greater good, companies are moving away from their existing resources and moving towards well-equipped data centers to enable better data management. Concerns regarding data privacy and efficient data storage continue to drive the development of IT infrastructure in this regard which is expected to be dominated by IT infrastructure in the data center market.
The ICT sector will see a high compound annual growth rate (CAGR) during the forecast period
Based on the end user, the data center robotics market is categorized into ICT, BFSI, healthcare, and government and defense. The commercial segment will maintain a higher CAGR during the forecast period. In the coming years, the ICT sector is expected to dominate the data center market. Huge amounts of data are being produced as a result of the rapid uptake of cutting-edge technologies such as the Internet of Things (IoT), cloud computing, and artificial intelligence (AI).
Browse key industry insights spread across 203 pages with 98 Market Data Table And the Numbers & Graphs from the report “Global Data Center Robotics Market SizeImpact analysis, participation and COVID-19 by type (IT infrastructure, electrical infrastructure, mechanical infrastructure and racks), by end user (BFSI, ICT, healthcare, government and defense), and by region (North America, Europe and Asia Pacific) and Latin America, Middle East and Africa), Analysis and Forecasts 2021-2030.” in detail with the table of contents.
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It is estimated that North America will capture the highest market share in 2021.
The global data center robotics market has been segmented into five main regions: North America, Europe, Asia Pacific, South America, Middle East and Africa. There are more than 2,600 such facilities in the United States, many of them in Northern California, home to many IT companies such as Google, Facebook, Uber, Twitter, and Yelp. In addition, North America has an extensive, advanced and efficient technical infrastructure. The Asia Pacific region will maintain a higher compound annual growth rate (CAGR) during the forecast period.
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Major companies and recent developments: The report also provides a detailed analysis focusing on current news and developments for companies, which include product development, innovations, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and more. This allows an assessment of overall competition within the market. Among the key vendors in the Global Data Center Robotics Market are ABB INTERNATIONAL LTD. and BMC Software, Inc., Cisco Systems, Inc., ConnectWise, LLC, and Huawei Technologies Co., Ltd. and Siemens.
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