Security News > 2021 > February > $432.14 billion to be invested in the data center market by 2025

It is predicted that $432.14 billion will be invested in the data center market by 2025, up from $244.74 billion in 2019, a CAGR of 9.9%. Key market drivers.

Increased investments by data center operators, increased deployment and usage of IoT and Big Data, the adoption of a hybrid model with cloud and traditional data centers, and strong growth in emerging economies will serve as key market drivers.

"Additionally, 5G will move processing closer to the point of data collection, leading to increased deployment of micro and edge data centers and driving investments in new and next-generation data center technologies."

"Shankar added,"Onsite cloud data centers will become crucial as companies will require critical data to be kept in-house or at a nearby location, thereby lessening the security risks such as data theft.

Artificial intelligence: Surging AI usage in data centers will lead to demand for advanced electronics and specialists in AI-based solutions for data center applications and architecture.

Geographic expansion and partnerships: Market participants need to focus on high-growth, emerging markets, like India and Southeast Asia, where data creation is still in the nascent stage and data center construction in its infancy.

News URL

http://feedproxy.google.com/~r/HelpNetSecurity/~3/Koyrh_azRiQ/