Data Center Market Research Report Size, Growth & Global Forecast – 2022-2029
The Data Center Market is estimated to reach USD 432.5 billion in 2029, growing at a CAGR of 5.1% over the forecast period (2022-2029). The factors driving growth of the Data Center Market includes growing influence of social media platforms around the world, transition from traditional on-premises physical servers to virtual network-based data centers, increasing investments by companies to set-up modern data centers around the world and improvements in the living standards. Moreover, growing adoption of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT) and Machine Learning (ML), increased deployment of optical fiber-based low-cost interconnects by data centers to meet power and latency needs, rise in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the Global Data Center Market . In addition, the increasing investments by leading companies on research and development, rising disposable inco...