Data Center Transformation Market To Reach $35.65 Billion
DatacenterNews, February 17th, 2023
The data center transformation market's major revenue share from the cloud service providers sector will be 46.2% by 2033, according to Future Market Insights.
The global data center transformation market size is estimated at USD$10.05 billion in 2023 and is projected to grow at a CAGR of 13.5% from 2023 to 2033. In 2033, the size of the world market would be USD$35.65 billion.
Data centers are under pressure due to the ongoing adoption of cutting-edge technologies by various enterprises, including big data analytics, cloud computing, and the Internet of Things (IoT), as part of their plans for digital transformation.
This in turn increases demand for data center transformation on a worldwide scale. It is anticipated that the sector would benefit greatly from the increased need for software-optimized data centers on a global scale.