Data Center Transformation Market worth $18.9 billion by 2028
According to a research report "Data Center Transformation Market by Service Type (Consolidation Services, Optimization Services, Automation Services, and Infrastructure Management Services), Tier Type, Data Center Type, Data Center Size and Region - Global Forecast to 2028" published by MarketsandMarkets, 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. 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.
Browse 278 market data Tables and 69 Figures spread through 361 Pages and in-depth TOC on "Data Center Transformation Market by Service Type (Consolidation Services, Optimization Services, Automation Services, and Infrastructure Management Services), Tier Type, Data Center Type, Data Center Size and Region - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/data-center-transformation-market-132794003.html
Automation Services segment to grow at the highest CAGR during the forecast period.
By service type, the data center transformation market includes Consolidation Services, Optimization Services, Automation Services, and Infrastructure Management Services. The automation services segment to grow at the highest CAGR during the forecast period. Data center automation automates IT processes across the computing, network, and storage layers in physical and virtual environments. Automation involves using software and tools to streamline and orchestrate various data center processes and tasks. It plays a crucial role in data center transformation by enhancing efficiency, reducing human error, and enabling rapid response to change demands.
Cloud Data Center segment to grow at the highest CAGR during the forecast period.
The various segments we have captured in the scope are – cloud, colocation, and enterprise data centers. The cloud data center segment would grow at the highest CAGR during the forecast period. Cloud providers utilize service models, such as private cloud, public cloud, and hybrid cloud, to offer enhanced services to their customers. With cloud computing adoption continuing to rise, cloud data centers are hosting more enterprise workloads. Major CSPs, such as Amazon, Microsoft, and Google, continue to build massive facilities in the US and worldwide to increase their cloud computing power.
The retail vertical will grow at the second-highest CAGR during the forecast period.
Retailers are embracing cloud computing, big data analytics, and digital transformation to expand their businesses and increase their customer base. They connect to consumer devices for various activities, such as analysis of their buying habits and promoting targeted sales. Due to the rising consumer purchasing power, the retail vertical is one of the fastest-growing verticals. With the advent of online retailing, retailers are adopting more innovative technologies such as cloud computing, big data analytics, digital stores, and social networks. Online retail vendors need a comprehensive cloud environment to offer their products and services to customers. Retailers are increasingly adopting edge computing to process data closer to the point of sale, enabling real-time analytics, inventory management, and personalized customer experiences.
North America segment to capture a significant market share during the forecast period.
The data center transformation market includes regional segmentation into Europe, Asia Pacific, North America, the Middle East and Africa, and Latin America. As per region, North America accounts for the largest market share in the global data center transformation market in 2023, and this trend will persist during the forecast period. North America has the most established data center adoption due to several factors, such as large enterprises with sophisticated IT infrastructure and skilled technical expertise. The US and Canada are North America’s two most significant contributors in the data center transformation market. It is a region with strict regulations for several economic sectors and advanced technology. North America is known for its technological advancements and early adoption of innovative solutions. The large enterprises in this region are rapidly adopting data center services to improve employee experience and tackle any business continuity challenges amid COVID-19. In North America, large enterprises and SMEs focus on developing innovative data centers integrated with technological advancements, such as 5G, IoT, AI, and ML; this would boost growth in the future.
The key technology vendors in the market include Dell (US), Microsoft (US), IBM (US), Schneider Electric (France), Cisco (US), NTT (Japan), HCLTech (India), Accenture (Ireland), Cognizant (India), Google (US), Wipro (India), Atos (France), TCS (India), Hitachi (Japan), NetApp (US), Mindteck (India), Bytes Technology Group (UK), General Datatech (US), Insight Enterprises (US), Tech Mahindra (India), NETSCOUT (US), Dyntek (US), Softchoice (Canada), InKnowTech (India), Rahi Systems (US), Blue Mantis (UK), GreenField Software (India), Hyperview (Canada), FlexiScale (UK), LiquidStack (US), RackBank Datacenters (India), and Vapor IO (US). Most key players have adopted partnerships and product developments to cater to the demand for data center transformation.
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Data Center Transformation Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
