Data Center Transformation Market Size, Trends, Analysis and Forecast to 2028
The Data Center Transformation Market is expected to grow from USD 11.5 billion in 2023 to USD 18.9 billion by 2028 at a CAGR of 10.5% during the forecast period, according to new research report by MarketsandMarkets™
The exponential growth of data, driven by factors like big data analytics, IoT devices, and multimedia content, requires data centers to expand their capacity and capabilities to handle the increasing data loads.
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Data Center Transformation Market Dynamics
Drivers:
• Leveraging digital transformation to drive data center evolution
• Expansion of cloud services in fresh territories while maintaining cloud sovereignty
Restraint:
• Data security and privacy concerns
• Complexity related to transformation process
Opportunities:
• Data center expansion in developing regions
• Growing investments in data centers