MarkNtel Advisors recently published a detailed industry analysis of the Data Center Transformation Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Data Center Transformation Market (2024-2030)
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.
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What is driving the 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.
What segments define the Data Center Transformation Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Service Type
(Automation Service, Optimization Service, Consolidation Service, Infrastructure Management Service),
By Data Center Type
(CloudData 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)
By Regions
North America, Europe, Asia-Pacific, South America, Middle East & Africa
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Who are the leading key players shaping the Data Center Transformation Market landscape?
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,
Questions Addressed in this Study
1.What factors are driving the Data Center Transformation Market growth?
2.How is the Data Center Transformation Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Data Center Transformation Market?
4.What is the current size of the Data Center Transformation Market, and how is it projected to change in the future?
6.What is the future outlook for the Data Center Transformation Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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