The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Global Data Center Transformation Market (2024-2030):
According to the latest report, 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. The report demonstrates the prominent factors propelling the exponential growth of the Global Data Center Transformation Market.
Key Takeaways: Beneficial for Stakeholders and Clients
- Historic Period: 2019-2022
- Base year: 2023
- Forecast Years: 2024-2030
- CAGR (2024-30): 10.5%
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What are the major Driver the Global Data Center Transformation Market?
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.
Moreover, the rise of applications such as augmented reality, video streaming, and gaming, is further fueling the demand for edge computing solutions, leading to the digital transformation and expansion of edge computing data centers across the globe. For Instance,
- In 2023, Cisco established an edge data center for cloud-delivered security in Saudi Arabia for edge computing services.
With the surging demand for edge computing and the establishment of edge data centers, the demand for data center transformation is increasing significantly. The data center providers are expanding their capacities and incorporating new hardware and software systems into the edge data centers, proliferating the growth & expansion of the Global Data Center Transformation Market.
Global Data Center Transformation Market Segmentation
The Global Data Center Transformation Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Service Type
- Automation Service - Market Size & Forecast 2019-2030, USD Million
- Optimization Service - Market Size & Forecast 2019-2030, USD Million
- Consolidation Service - Market Size & Forecast 2019-2030, USD Million
- Infrastructure Management Service - Market Size & Forecast 2019-2030, USD Million
- By Data Center Type
- Cloud Data Center- Market Size & Forecast 2019-2030, USD Million
- Colocation Data Center- Market Size & Forecast 2019-2030, USD Million
- Enterprise Data Center- Market Size & Forecast 2019-2030, USD Million
- By Tier Type
- Tier 1- Market Size & Forecast 2019-2030, USD Million
- Tier 2- Market Size & Forecast 2019-2030, USD Million
- Tier 3- Market Size & Forecast 2019-2030, USD Million
- Tier 4- Market Size & Forecast 2019-2030, USD Million
- By End-User
- IT & Telecom- Market Size & Forecast 2019-2030, USD Million
- BFSI- Market Size & Forecast 2019-2030, USD Million
- Healthcare- Market Size & Forecast 2019-2030, USD Million
- Energy- Market Size & Forecast 2019-2030, USD Million
- Manufacturing- Market Size & Forecast 2019-2030, USD Million
- Government & Defense- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
As per the regional aspect, the Global Data Center Transformation Market is expected to be dominated by the North America by capturing the potential market share.
Explore further details about this research report- https://www.marknteladvisors.com/research-library/data-center-transformation-market.html
Top Companies in the Global Data Center Transformation Market
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,
Global Data Center Transformation Industry Recent Development:
- 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.
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