The data center transformation global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Data Center Transformation Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The data center transformation market size has grown strongly in recent years. It will grow from $11.17 billion in 2023 to $12.05 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to rise in data center traffic, increasing demand for cloud computing services, adoption of digital enterprise solutions like ERP and analytics, investments in cutting-edge data center technology, growing need for data center modernization.
The data center transformation market size is expected to see strong growth in the next few years. It will grow to $17.5 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to integration of 5G technology, growing demand for software-optimized data centers, expansion of cloud-based services and data centers, favorable government policies for data center upgrades, increasing deployment of technologies in data centers. Major trends in the forecast period include adoption of advanced solutions for data center transformation, emphasis on sustainability with energy-efficient solutions, introduction of innovative products, robust marketing strategies to enhance brand visibility.
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Scope Of Data Center Transformation Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Data Center Transformation Market Overview
Market Drivers –
The increase in the volume and speed of data generation is expected to propel the growth of the data center transformation market going forward. Data generation refers to creating or producing data through various sources and activities. It is increasing due to the widespread adoption of digital technologies, such as smartphones, IoT devices, social media platforms, and online transactions, continuously generating vast amounts of data from various sources and interactions. Data center transformation provides the infrastructure and tools necessary to manage and process the increasing volume of data generated efficiently. For instance, in December 2022, according to Sky’s The Limit (STL) report, a US-based optical and digital solutions company, the global data generated in 2021 was estimated at 79 zettabytes. By 2025, it is anticipated that around 150 zettabytes of data will be generated, which is double the expected amount for 2022. Therefore, the increase in the volume and speed of data generation is driving the growth of the data center transformation market.
Market Trends –
Major companies operating in the data center transformation market are developing innovative technology, such as data center suites, to increase their profitability in the market. A data center suite is a dedicated and enclosed space within a data center facility tailored to meet a client’s or tenant’s specific needs. For instance, in September 2023, Honeywell International Inc., a US-based technology company, launched a new suite of solutions called the Honeywell data center suite. This suite is designed to assist data center managers and owners in optimizing uptime, worker productivity, critical asset health, and operational expenses while providing better insight into sustainability key performance indicators (KPIs). Additionally, this suite enables proactive monitoring, management of critical infrastructure, condition-based maintenance strategies, and comprehensive analytics to boost efficiency and reduce costs in data center operations.
The data center transformation market covered in this report is segmented –
1) By Service: Consolidation Services, Optimization Services, Automation Services, Infrastructure Management Services
2) By Level Of Data Center: Tier 1, Tier 2, Tier 3, Tier 4
3) By End-User: Information Technology And telecommunications, Banking Financial Services And Insurance (BFSI), Healthcare, Energy, Manufacturing, Government, Other End-Users
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Regional Insights –
North America was the largest region in the data center transformation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data center transformation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the data center transformation market are Microsoft Corporation, NTT Communications Corporation, Dell Inc., Amazon Web Services (AWS), Accenture plc, International Business Machines Corporation, Cisco Systems Inc., Schneider Electric SE, ABB Ltd., Google Cloud, Eaton Corporation plc, Cognizant, Emerson Network Power Inc., Hindustan Computers Limited Technologies, Atos, Wipro Ltd., Equinix Inc., NetApp Inc., Digital Realty, Citrix Systems Inc., HDR Inc., Cloud Software Group, Gensler, CyrusOne, Corgan, Acronis
Table of Contents
1. Executive Summary
2. Data Center Transformation Market Characteristics
3. Data Center Transformation Market Trends And Strategies
4. Data Center Transformation Market – Macro Economic Scenario
5. Global Data Center Transformation Market Size and Growth
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32. Global Data Center Transformation Market Competitive Benchmarking
33. Global Data Center Transformation Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Data Center Transformation Market
35. Data Center Transformation Market Future Outlook and Potential Analysis
36. Appendix
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