Data Center Transformation Market Poised for Robust Growth, forecasted to Expand at 10.5% CAGR from 2024-30
MarkNtel Advisors has released its latest report highlighting strong growth in The Global Data Center Transformation Market is estimated to grow at a CAGR of around 10.5% during the forecast period, i.e., 2024-30.
Report Coverage
This report offers a comprehensive analysis of the Data Center Transformation Market, providing valuable insights across historical trends, current dynamics, and future forecasts.
- Base Year: 2023
- Forecast Years: 2024-30
- Historical Years: 2019-22
Data Center Transformation Market Overview
The market growth imputes the growing initiatives of data center providers to enhance their data centers' capacities. The exponential growth of data volumes generated by businesses and consumers alike, fueled by trends such as digitalization, IoT, and cloud computing, has necessitated the expansion and modernization of data center infrastructure. With a focus on optimizing efficiency & security, data center operating companies are driving innovation in data center technologies. The rising demand reflects a broader industry shift towards modernization and digital transformation. As emerging players contribute to the evolution of data centers, the market experiences a heightened demand for transformative solutions that cater to the evolving needs of businesses in an increasingly digital landscape.I
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Data Center Transformation Market Segmentation Outlook
The Data Center Transformation is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
By Service Type
- Automation Service
- Optimization Service
- Consolidation Service
- Infrastructure Management Service
By Data Center Type
- Cloud Data Center
- Colocation Data Center
- Enterprise Data Center
By Tier Type
- Tier 1
- Tier 2
- Tier 3
- Tier 4
By End-User
- IT & Telecom
- BFSI
- Healthcare
- Energy
- Manufacturing
- Government & Defense
- Others
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Data Center Transformation Market D/C/T/o
The Growing Demand for Edge Computing Capabilities to Drive Market Growth – The proliferation of Internet of Things (IoT) devices, autonomous vehicles, and smart infrastructure is generating vast amounts of data requiring real-time processing and analysis at the network edge, which is creating the demand for edge computing worldwide. Additionally, the increasing demand for real-time analytics and decision-making capabilities in various industries, such as manufacturing, healthcare, and retail, has fueled the need for edge computing solutions. The increasing demand for data processing with lower latency rates, faster response times, and improved user experiences further proliferates edge computing adoption among data center providers.
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Top Data Center Transformation Market Brands & Their Strategic Market Positioning
MarkNtel Advisors Research identifies IBM Corporation, Cisco Systems, Inc., Dell Technologies, Microsoft Corporation, Schneider Electric SE, AWS, Oracle, HCL Technologies, Cognizant, Accenture, Atos, Wipro, Bytes Technology Group, Google, NTT Communications, Others as key players shaping the market landscape.
Data Center Transformation Market News
- In 2023, Cisco and Nutanix, Inc. announced their partnership to escalate hybrid multi-cloud deployments for IT modernization and business transformation.
- In 2023: Google Inc., entered into a long-term agreement for data center expansion in approximately 381,000 square feet in India.
Key Questions Answered in the Report
- What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
- How the industry has been evolving, and which segments would dominate the market during the forecast period?
- What are the key opportunity areas that companies foresee in the coming years 2030?
- Who are the key players in the market, and what are their competitive strengths?
- What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?
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