Data Centre Transformation Market Size Forecast to Reach $15.7 Billion by 2026>
Industry Arc
The Data Centre Transformation Market size is forecast to reach $15.7 billion by 2026, growing at a CAGR of 14.4% in the period 2021-2026. The Data Centre Transformation involves the process of maximizing efficiency, capabilities and performance of the present overall IT infrastructure of an organization through the process of data centre migration, automating business methods, integrating shared and network virtualization, digital transformation, and more. The Data Centre Transformation Industry is primarily driven by the large scale industries, such as Banking, financial services and insurance (BFSI), smart manufacturing unit, Hyperscale cloud providers along with Retail sectors that need state-of-the-art high-density servers for complete data management control for their IT infrastructure. In fact, the growing adoption of IoT and cloud services among small and medium sized companies worldwide, increasing investments from companies such as Google, and Apple Inc. to develop green data centres are also contributing to the growth of the Data Centre Transformation market. Furthermore, the constant growth of the IT Infrastructure Management to offer mission-critical automation processes and other dependable communication solutions, combined with the surging demand of advanced industrial automation is estimated to propel the growth of the Data Centre Transformation Market.
North America is dominated the Data Centre Transformation Market in 2020 with an estimated market share of 42%, followed by Europe and APAC, owing to the prominence of the major IT and Telecommunication industry, such as Google and Microsoft, and early adoption of cloud workflow among varied business organizations. The IT & Telecommunication industry vertical held the highest market share of 38%, owing to the increasing focus of the renowned companies such as Huawei, IBM and Schneider and among many others towards prefabricated modular data centres to administer the growing need to deliver Cloud computing and a software-defined infrastructure across diversified industries. The potential rise in mobile applications coupled with growing numbers of organizations including small, medium and large companies are transforming their workloads to cloud service are driving the demand for the Data Centre Transformation Market. The Infrastructure Management Services is estimated to hold the maximum share of 43%, owing to the growing need of enhanced application and database performance among various industries to power up big data projects. The IT & Telecommunication industry vertical held the highest market share of 38%, owing to increasing focus of the renowned companies such as Huawei, IBM and Schneider and among many others towards prefabricated modular data centres to administer the growing need to deliver Cloud computing and a software-defined infrastructure across diversified industries. Moreover, the growing penetration across many industry verticals in the Data Centre Transformation process for greater agility, reliability and affordable IT costs is estimated to drive the market growth. By region, North America is dominated the Data Centre Transformation Market in 2020 with an estimated market share of 42%, followed by Europe and APAC, owing to the prominence of the major IT and Telecommunication industry, such as Google and Microsoft, and early adoption of cloud workflow among varied business organizations.
Data Centre Transformation Market Drivers – Rise in demand for Cloud Computing boost the market growth – Growing technological innovation in data centers due to Covid-19 pandemic accelerate the market growth Data Centre Transformation Market Challenges – Expensive Investment in infrastructure provisioning causes hindrance to market growth
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