Data Center Transformation Market projected to reach USD 21.3 billion by 2034

From GlobeNewswire: 2024-12-16 07:00:00

The Data Center Transformation Market is projected to reach USD 21.3 billion by 2034, driven by the industry’s focus on sustainability. Companies are investing in energy-efficient hardware and renewable sources to reduce carbon footprint. The adoption of modular data centers with liquid cooling systems is on the rise, offering energy savings and powerful computing capabilities.

With the rise of high-performance computing and IoT, edge computing is becoming crucial to minimize latency. This decentralized approach allows for faster data processing closer to the source, enhancing efficiency for critical applications. The market is segmented into hardware, software, and services, with a growing demand for expert consulting and cloud management solutions.

Cloud service providers lead the market, followed by colocation providers and enterprises. The United States dominates the North American market, driven by cloud adoption and sustainability initiatives. Key players in the industry include Amazon Web Services, Microsoft, and Google. The market research report provides detailed insights and forecasts for various segments, including hardware, software, and end-use categories.



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