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The Data Center Global Market Report 2023 by The Business Research Company, provides data center market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/data-center-global-market-report

According to The Business Research Company’s Data Center Global Market Report 2023, the market size is expected to grow from $359.53 billion in 2022 to $416.18 billion in 2023 at a compound annual growth rate (CAGR) of 15.76%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The data center market size is expected to grow to $739.53 billion in 2027 at a CAGR of 17.51%.

Increasing growth in data volumes is expected to propel the data centers market going forward. Data refers to information that has been translated into a form that is easy to process and use. Today, all types of organizations process and store large quantities of information every day, and therefore they store the same in data centers; as a result, the volume of data has been growing exponentially, thereby driving the data centers market.

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The data center market is segmented:

1) By Type: Colocation, Hyperscale, Edge, Other Types

2) By Component: Solution, Services

3) By Enterprise Size: Large Enterprises, Small And Medium Enterprises (SMEs)

4) By End User: BFSI, IT And Telecom, Government, Energy And Utilities, Other End Users

Technological advancements are the key trends gaining popularity in the data center market. Major players in the market are creating technologically advanced products such as the mobile data center features a superior power capability and minimalist design.

The data center market report table of contents includes: