The Data Center Transformation Market: Overview
The Data Center Transformation Market is valued at around USD 7.47 billion in 2022 and is expected to reach USD 15.45 billion by 2030, registering a CAGR of 12.88% over the forecast period. The most crucial data and applications are kept by businesses in a data centre, which is a real-world location. The design of a data centre is based on a network of computers and storage spaces that make it possible to supply shared applications and data. Routers, switches, firewalls, storage units, servers, and application delivery controllers are the main components of a data centre design. As these components manage and store vital business data and applications, data centre security is essential for data centre design. In order to support the center's hardware and software, data centre components require substantial infrastructures. These include continuous power supplies, ventilation systems, cooling systems, external network connections, and backup generators (UPS).
The Data Center Transformation Market - Growth Factor
Due to increased investment in data centre technologies, there will likely be an increase in demand for data centre transformation. The data centre transformation market benefited from the COVID-19 pandemic. The pandemic is increasing the leading players' inclination toward data security, which is creating growth opportunities for the data centre transformation market. In order to stay competitive, businesses across the globe are working to accelerate their digital transformation initiatives. The majority of consumer time is now spent online. The pandemic made it challenging for businesses of all sizes, particularly small ones, to maintain on-premises servers, which has resulted in an increase in demand for data centres with more storage.
The Data Center Transformation Market Market Trends
The burden placed on data centres is growing as a result of the rapidly expanding adoption of cloud, IoT, and big data analytics across numerous enterprises as a part of their digital transformation strategy. Additionally, as more businesses switch to SaaS-based applications, according to Cisco's predictions, data centre traffic is rising globally as a result of the rise in communicating devices. The data centre providers are having trouble sustaining consistency and operational efficiency in light of the rising reliability and rise in the number of data centres globally.
The Data Center Transformation Market Segmentation
The Data Center Transformation Market fragrance concentrates market has been sub-classified into service outlook, end-user outlook, vertical outlook.
On the basis of service outlook, the Data Center Transformation Market is bifurcated into:
Consolidation services
Optimization se4rvices
Automation services
Infrastructure management services
Others
On the basis of end-user, the market is segmented into:
Cloud service providers
Colocation providers
Enterprises
Others
On the basis of organization size, the market segmented into:
BFSI
IT and telecommunications
Government and defence
Energy
Manufacturing
Others
The Data Center Transformation Market Regional Analysis
North America dominated the global Data Center Transformation Market, the largest market share of the world's internet and cloud data centres. The fact that so many significant players have their headquarters in this area may also contribute to the high share.
The demand for data centres worldwide is also largely driven by end-user industries in North America, including IT, BFSI, retail, and healthcare.
The Data Center Transformation Market Key Market players
Global key players of Data Center Transformation Market include IBM Corporation; Cisco Systems, Inc.; Dell EMC; Microsoft Corporation; Schneider Electric SE; HCL Technologies; Cognizant; Accenture; Atos; Wipro, and others.
Report scope
Global Data Center Transformation Market: Historical Years- 2018-2021
Global Data Center Transformation Market: Forecast Years- 2022-2030
Global Data Center Transformation Market 2022- USD 7.47 billion
Global Data Center Transformation Market 2030- USD 15.45 billion
Global Data Center Transformation Market CAGR- 12.88%
