The global market for DCI is estimated to have a significant CAGR of around 13.5% during the forecast period. The market is mainly driven by the migration towards cloud-based services, rise in big data, and growing concerns about data privacy and security. A considerable rise in big data is a major concern for enterprises to safely store and manage the huge amount of data. With the growing digitization across the globe, big data is on a continuous rise. Moreover, major companies are managing their business data through DCI as the deployment of an infrastructure facility involves a high cost that propels enterprises to shift to DCI services. DCI is considered as a secure platform with cost-saving potential and capability to enhance performance and security. Due to these benefits, DCI is being significantly preferred in several application sectors such as banking, financial services and insurance (BFSI), government, and IT & telecom and others.
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The global market for DCI is classified on the basis of product type, application and end-user. On the basis of product type, the market is further segregated into hardware and software & services. The hardware segment is projected to have considerable share in the global market. Moreover, the software and services for DCI is estimated to have significant growth during the forecast period owing to growing adoption of managed services by the small and medium enterprises. On the basis of application the global market for DCI further classified into disaster recovery and business continuity, data (storage) mobility, shared data and resources. The data mobility segment is projected to grow significantly owing to the growing big data in enterprises. Based on the Industry, the global DCI market is further segmented into BFSI, retail, IT & telecommunication, manufacturing, utility & power, government, others(healthcare).
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Global DCI Market Segmentation
By Product Type
- Hardware
- Software & Services
By Application
- Disaster Recovery and Business Continuity
- Data (Storage) Mobility
- Shared Data and Resources
By End-User
- BFSI
- Retail
- IT & Telecommunication
- Manufacturing
- Utility& Power
- Government
- Others (Healthcare)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
