Data Center Market size to grow by USD 519.34 billion | Rise in Adoption of Multi-cloud & Network Upgrades to Support 5G as Key Drivers |17000+ Technavio Reports
NEW YORK, Nov. 17, 2021 /PRNewswire/ — “Data Center Market – Forecast and Analysis Report 2021-2025“, the market witnessed a YOY growth rate of 18.30% at an accelerating CAGR of 21% between 2020 and 2025.
Revenue Generating Segment
The data center market share growth by the IT infrastructure segment will be significant during the forecast period. Datacenter information technology (IT) infrastructure consists of all IT equipment, infrastructure, and solutions required to set up or scale a data center. The use of such IT infrastructure is increasing owing to the increase in demand for computing power and storage to support the growth in global data traffic. This trend is expected to continue during the forecast period to create the demand for servers and storage infrastructure, and other IT equipment.