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Despite the COVID-19, the Data Center and Network Third-party Hardware Maintenance Service Industry Market Will Continue to Develop

After installation and configuration, put into operation and use, all computer systems, network equipment system (including server hosts, storage, network switches, routers, security, Internet behavior management and other equipment), requires continuous monitoring and maintenance for the entire operating cycle. When necessary, maintenance and system upgrades are also required. This is particularly important in a high-end use environment, because for a relatively complex system environment, if the daily monitoring and maintenance work is arranged reasonably and implemented, it can often make predictions before some software and hardware failures occur. So as to lay a good foundation for the timely and smooth solution of possible problems, and even prevent the occurrence of failures in advance.

Break/fix refers to the fee-for-service method of providing information technology (IT) services to businesses. Using this method an IT solution provider performs services as needed and bills the customer only for the work done. IMAC services (it is a sectoral term: created from the first letters of words; Install – Move – Add – Change), is general definition of the services such as installation of the existing information system hardware, moving, hardware or application addition to the existing systems according to companies needs and demands. System integration as the process of linking together different computing systems and software applications physically or functionally, to act as a coordinated whole. Because data and network third-party hardware systems need to be continuously monitored and maintained to prevent unnecessary losses, all large and medium-sized enterprises are the target customers of this service industry.

United States was the largest revenue market with a market share of 43.59% in 2015 and 44.93% in 2020 with an increase of 1.34%. Europe ranked the second market with the market share of 21.43% in 2019. Also, China markets for Data Center and Network Third-Party Hardware Maintenance Service Market are expected to be the market with the most promising growth rate. Data Center and Network Third-Party Hardware Maintenance Service Market companies are mainly from US; the industry concentrate rate is very high. The top three companies are SMS/Curvature, Park Place Technologies and Cxtec with the revenue market share of 23.01%, 7.08% and 5.15% in 2019. The competition among vendors will increase during the forecast period. Vendors will compete to deliver competitive advantages in the market on the basis of pricing, user-friendly interfaces, value-added benefits, and service portfolios. During the forecast period, we expect this competition to intensify with an increase in service extensions.

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In 2020, in the environment of stagnant development of various industries around the world, the data center and network third-party hardware maintenance service industry market will continue to develop, with a market value of 1598.26M USD. Although the growth rate has declined, the overall industry has developed. Due to the epidemic, most people work at home and rely heavily on network data. Therefore, in this special period, data maintenance is particularly important and demand is increasing. Technological innovations have an important role in driving the growth of the market. To sustain in the competitive market, vendors should develop new ideas and technologies and stay up-to-date with the advanced technologies.

According to our research, the global Data Center and Network Third-Party Hardware Maintenance Service market has a total value of 956.14 M USD back in 2015, and increased to 1598.26 M USD in 2020. We made a series of functional calculation and deduced the data of past 5 years with scientific model. Finally, we made the prediction that the value of Data Center and Network Third-Party Hardware Maintenance Service markets can be 3625.73 M USD by 2026. The CAGR of Data Center and Network Third-Party Hardware Maintenance Service Market is 11.97% from 2019 to 2026.

Many large enterprise customers rely on TPM to support and maximize the lifespan of their existing IT equipment, thereby placing an important part of their global IT infrastructure in a hybrid mode. By using third-party support, they can save more costs, which can be redirected to innovative IT projects. Although the cost-saving aspects of TPM often attract attention of people, the IT agility it provides should also be given equal attention. The ability to postpone or delay major CapEx expenditures can give organizations room to transfer limited resources from ordinary equipment upgrades to plans that may affect the profits companies and may also buy them time in the transformation process. Enterprise IT is gaining momentum in promoting cost efficiency and reconsidering capital expenditures, which means that TPM has become the mainstream of IT strategy. Despite what TPM can offer to most organizations, it always is viewed as a hybrid or integrated approach to maintenance, not an alternative to maintenance altogether. Not every TPM provider has the same technical capabilities. Aside from having different levels of expertise, they may also not have the geographical reach to deliver the same levels of competency in every region. A competent TPM provider has the processes and tools in place to quickly evaluate and highlight software challenges. The onus is on them to sound the alarm if equipment is not a good fit for TPM; conversely, a provider that relies solely on the client to specify their requirements may be inexperienced and will likely result in an increased risk.

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