The global datacenter deployment spending market has a prosperous future, with the demand projected to expand at a notable CAGR of 13.5% during the forecast period of 2017 to 2022. This prosperity of the datacenter deployment spending market, across the world, is a reflection of mushrooming number of small and medium enterprises who need servers and other hardware, emergence of the Internet of Things (IoT) and big data, and surge in the number of smart devices that can be interconnected.

While sustained demand for third-party services and substantial lack of awareness continues to obstruct the market from attaining its true potential, the vendors operating in the datacenter deployment spending market are expected to gain new opportunities from the exponential growth of data center traffic. In terms of revenue, the global datacenter deployment spending market is estimated to be worth US$83,650.5 mn by the end of 2022, substantially up from its evaluated worth of US$44,346.7 mn in 2017.

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Emergence of the Internet of Things (IoT), increased spending on cloud data center, need for colocation and managed service data centers, and growing usage of big data analytics are some of the key factors driving the global datacenter deployment spending market.

The report observes that several cloud service providers are constructing cloud data centers in order to offer cloud-based services to end-users of all kind. Small and medium enterprises are inclining towards cloud data centers as it offers striking benefits such as reliability, scalability, and overall reduction in cost of repeated processes.