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Data Center Transformation Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.
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Published date -30th Jan 2024
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Formats -PDF, CSV
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Region -Global
Data Center Transformation Market Analysis
What is the Market Size & CAGR of Data Center Transformation market in 2021?
The global data center transformation market had a market size of USD 8.2 billion in 2021, with a Compound Annual Growth Rate (CAGR) of 15.6% from 2021 to 2028. The market is expected to reach USD 21.3 billion by 2028.
COVID-19 Impact on the Data Center Transformation Market
The COVID-19 pandemic had a mixed impact on the data center transformation market. While the initial phase saw a slowdown in new projects and organizations focusing on maintaining existing data center operations, the later part of the pandemic witnessed an acceleration in digital transformation initiatives, leading to increased demand for data center transformation services.
Data Center Transformation Dynamics
The data center transformation market is driven by the increasing adoption of cloud services, the need for efficient data management, and the growing emphasis on sustainability and energy efficiency in data centers. Organizations are investing in transforming their data centers to meet evolving business needs and regulatory requirements.
Segments and Related Analysis
The data center transformation market can be segmented based on service type, organization size, vertical, and region. Service types include consolidation, optimization, automation, and migration. Organization sizes range from small and medium enterprises to large enterprises. Verticals such as IT and telecom, BFSI, healthcare, and government are major contributors to the market.
By Region Analysis
The data center transformation market is segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the market due to technological advancements and a large number of data centers in the region. However, Asia Pacific is expected to witness significant growth due to increasing digitalization efforts.
Key Market Players and Competitive Landscape
Key players in the data center transformation market include IBM Corporation, Dell Technologies, Cisco Systems Inc., Hewlett Packard Enterprise, and Microsoft Corporation. These companies focus on partnerships, acquisitions, and product innovations to strengthen their market position and offer comprehensive data center transformation solutions.
Recent Happenings in the Data Center Transformation Market
In recent developments, IBM announced its acquisition of a cloud consulting company to enhance its data center transformation services. Dell Technologies introduced a new server technology for optimal data center performance. Cisco Systems partnered with a cybersecurity firm to provide enhanced security solutions for data centers.
