Security News > 2021 > March > Data center market size to reach $519.34 billion by 2025

The data center market research from Technavio indicates neutral growth in the short term as the business impact of COVID-19 spreads.

This will drive the demand for the upgrade of the existing data center network infrastructure and there will be an increase in new data centers being constructed closer to the data origins for reducing latency.

As the markets recover, the data center market size is expected to grow by $519.34 billion during the period 2021-2025.

Data center market segment highlights for 2020 The data center market is expected to post a year-over-year growth rate of 18.30%. The data center IT infrastructure segment includes server infrastructure, storage infrastructure, SDDC, network infrastructure, converged infrastructure, backup and recovery software, automation software, and data center infrastructure management solutions.

The data center market share growth by the IT infrastructure segment will be faster than the power management system, mechanical construction, general construction, and security solutions segments.

Market growth in this region will be faster than the growth of the market in MEA. The increasing adoption of cloud services by enterprises across industries in the US and Canada will facilitate the data center market growth in North America over the forecast period.

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