PUBLISHER: Orion Market Research | PRODUCT CODE: 1296852
PUBLISHER: Orion Market Research | PRODUCT CODE: 1296852
Title:Global Data Center Robotics Market Size, Share & Trends Analysis Report by Component (Hardware and Software and Service) and by Industry Vertical (BFSI, Healthcare, Government, Retail and E-commerce, IT and Telecommunication, Education, and Others) Forecast Period (2023-2030).
The global data center robotics market is anticipated to grow at a considerable CAGR of 20.4% during the forecast period. The growth of the market is attributed to factors such as increased efficiency, reduced operational costs, and improved security provided by data center robotics. The growing digital adoption and technologies such as IOT, 5G, big data, cloud computing, artificial intelligence (AI), and robotics has further led to large-scale data consumption, processing, and storage. This in turn has led to the proliferation of data centers. The growing complexities involved in managing large data have necessitated the automation of data centers. Thus, the growing complexities of managing the large volume of data and expansion of data centers are the primary driving factor for the growth of the market. For instance, in April 2022, Google unveiled a new $750 million data center in Nebraska. The massive new Google campus in Omaha, Neb., consists of four buildings totaling more than 1.4 million square feet as the demand for Google cloud services and infrastructure is soaring. In Google Cloud's recent fourth quarter, the company reported sales growth of 45% year over year to $5.5 billion.
The global data center robotics market is segmented based on its components, industry verticals, and geography. Based on components, the market is segmented into hardware, software, and services. The hardware segment includes robots, sensors, and other physical equipment. The software segment includes automation software, artificial intelligence, and control systems. The service segment includes installation, maintenance, and support services.
Based on industry verticals, the market is categorized into BFSI, healthcare, government, retail and e-commerce, IT and telecommunication, education, and others. Each industry vertical has unique requirements and can benefit from the adoption of data center robotics. For instance, in December 2022, The Japanese operations of NTT Data will deploy datacenter-monitoring robots in 15 of its own facilities, then offer them as-a-service to customers. The firm tested the bots in a single datacenter from August to November 2022. They appear to have passed muster because the machines will be rolled out - literally and metaphorically - to other bit barns in April 2023.
Regional Outlooks
The global data center robotics market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement.
Among these regions, the Europe market is anticipated to experience prominent growth over the forecast period. The adoption of data center robotics is increasing in European countries to optimize operations and achieve energy efficiency. However, the Asia-Pacific region is projected to witness considerable growth in the data center robotics market owing to the rapid technological advancements and increasing investments in data center infrastructure contribute to market growth in the region.
Global Data Center Robotics Market Growth, by Region 2022-2028
Source: OMR Analysis
Among these regions, North America region is anticipated to account for the significant share in the Data Center Robotics market during the forecast period. The growth of the data center robotics market in the region is primarily driven by factors such as technological advancements, strong presence of key market players, increasing demand for automation and robotics in various industries, and the growing need for efficient data center operations. Factors such as advancements in artificial intelligence, cloud computing, and Internet of Things (IoT) technologies are further fueling the adoption of Data Center Robotics in North America.
Market Players Outlook
The major companies serving the global data center robotics market include BMC Software, Inc, Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Microsoft Corp., and Rockwell Automation Inc., and others. These market players are significantly contributing to market growth through various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches. These initiatives help them stay competitive and cater to the evolving demands of the data center robotics market. For instance, February 2022, Hewlett Packard Enterprise and Ayar Labs, announced a multi-year strategic collaboration to usher in a new era of data center innovation by developing silicon photonics solutions based on optical I/O technology. The development of these technologies will support future requirements for high performance computing (HPC) and artificial intelligence (AI) solutions.
The Report Covers: