Data Center And Network Third Party Hardware Maintenance Service Market
Global Data Center And Network Third-Party Hardware Maintenance Service Market Size By Type (BREAK-FIX, IMAC), By Application (Large Enterprises, Small, and Medium Size Enterprises), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Data Center And Network Third-Party Hardware Maintenance Service Market Size And Forecast
Data Center And Network Third-Party Hardware Maintenance Service Market size was valued at USD 31.21 Billion in 2024 and is projected to reach USD 42.52 Billion by 2031, growing at a CAGR of 6.11% from 2024 to 2031.
Growing demand, increasing disposable incomes, raw material affluence, changing consumption tendencies, and stable market structure are fueling the growth of the Global Data Center And Network Third-Party Hardware Maintenance industry. The Global Data Center And Network Third-Party Hardware Maintenance Service Market report provide a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Data Center And Network Third-Party Hardware Maintenance Service Market Definition
Third-party maintenance (TPM) is hardware support for server, storage, and network equipment. Third-party maintenance is an alternative to traditional Original Equipment Manufacturer (OEM) warranty and post-warranty support. For example, you would enlist a third-party maintenance provider to support your IBM, Dell EMC, HPE, or Cisco equipment in your data center in place of OEM service. Hardware (HW) maintenance contracts for data center and network equipment may cover hardware replacement, on-site field engineering, technical support, and proactive monitoring. The focus of this market is on the independent, third-party market for data center and network maintenance.
This is maintenance provided independently from the OEMs, often referred to as “TPM” (third-party maintenance), “unauthorized maintenance” or “alternative maintenance.” A hybrid maintenance strategy using OEM-authorized and OEM-independent maintenance is becoming more common in the hardware support market, with a thriving ecosystem of independent support providers for server, storage and networking equipment. End-user customers are selectively using TPMs to cost-effectively extend the life of IT assets, control OEM-forced upgrades, and save money.
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Global Data Center And Network Third-Party Hardware Maintenance Service Market Overview
What's driving the booming growth in the Global Data Center And Network Third-Party Hardware Maintenance industry? Well, it's a mix of things! We're seeing greater demand, more disposable income in people's pockets, and plenty of raw materials available. Plus, the way we consume things is changing, and the market is pretty stable right now. And let's not forget that using third-party maintenance helps you slash your data center maintenance spend and gives you way more flexibility in coverage. Think of it this waythird-party maintenance is a super cost-effective option. You get pretty much the same level of service and support, but those contracts can be 50-70% cheaper than what IBM offers. The kicker? IBM's shortest support contract is usually a year long – pretty inflexible, right? Third-party maintenance providers offer the complete oppositeflexible terms! Some IBM third-party maintenance contracts can start at just one month. Plus, you can really customize those agreements, defining things like SLAs and coverage for each individual asset.
At Riverstone, we get that everyone's different when it comes to support. Maybe you need 24/7/365 monitoring with someone on-site in 4 hours max. Or, perhaps you just need parts when something breaks. Either way, Riverstone has a support plan that's right for your business. You only pay for what you actually use, not for a bunch of extras you don't need. Plus, with our Data Center and Network Third-Party Hardware Maintenance Service, you'll likely get more life out of your equipment and have a single person to call for everything – which is a big win! Honestly, most devices can keep chugging along for years past their "end-of-life" date. But, let's be real, companies like IBM sometimes use those deadlines to nudge you toward buying their latest and greatest gear.
For third-party maintenance providers who don't care about brands, EOSL dates are pretty much made up. Our goal is simple keep your equipment running as long as we can so you get the most bang for your buck. One of the best things about going with a third-party is having a single point of contact, or SPOC, when things go wrong. When you've got one number to call for all your data center needs, you don't have to play a frustrating game of telephone when hardware fails. You can relax knowing your IBM third-party maintenance provider has your back. Now, some limitations, like not being totally dedicated, could slow down market growth. But a good third-party hardware maintenance provider can support a huge range of products. On the other hand, if you're doing maintenance yourself, you only need to focus on your specific hardware.
Global Data Center And Network Third-Party Hardware Maintenance Service Market Segmentation Analysis
The Global Data Center And Network Third-Party Hardware Maintenance Service Market are segmented on the basis of Type, Application, and Geography.
Data Center And Network Third-Party Hardware Maintenance Service Market, By Type
BREAK-FIX
IMAC
System Integration
Based on Type, the market is bifurcated into BREAK-FIX, IMAC, and System Integration. The System Integration segment is expected to inflate the market growth owing to the low cost of ownership for organizations.
Data Center And Network Third-Party Hardware Maintenance Service Market, By Application
Large Enterprises
Small
Medium Size Enterprises
Based on Application, the market is bifurcated into Large Enterprises, Small, and Medium Size Enterprises. Large Enterprises are anticipated to become the fastest-growing market in the forecast duration due to the high adoption rate of IT tools for surviving in the hypercompetitive market.
Data Center And Network Third-Party Hardware Maintenance Service Market, By Geography
North America
Europe
Asia Pacific
Rest of the world
On the basis of Geography, the Global Data Center And Network Third-Party Hardware Maintenance Service Market are classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is expected to hold the largest market share in the forecast period owing to the growing number of IT innovation companies which has led to stringent competition for surviving in the market.
Key Players
The “Global Data Center And Network Third-Party Hardware Maintenance Service Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Park Place Technologies, Cxtec, Service Express, DataSpan, AIMS DATA CENTRE, Equinix, CDS (Computer Data Source), Service Express, EmconIT, and Curvature. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2021-2031
Base Year
2024
Forecast Period
2024-2031
Historical Period
2021-2023
Unit
Value (USD Billion)
Key Companies Profiled
Park Place Technologies, Cxtec, Service Express, DataSpan, AIMS DATA CENTRE, Equinix, CDS (Computer Data Source), Service Express, EmconIT, and Curvature.
Segments Covered
By Type
By Application
By Geography
Customization Scope
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Research Methodology of Market Research
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Reasons to Purchase this Report
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