Data Center Market

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Data Center Market
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The total value of the data center market was USD
263.34 billion in 2022, and it will rise at a
growth rate of above 10.9 in the near future, to
reach USD 602.76 billion by 2030, according to
PS Intelligence.The major reasons behind the
growth of this industry are exponential increase
in data. Thus, the requirement for these data
centers is surging because of the growing need
for mobile, analytics, cloud and cloud services
globally. In recent years the due to the
extensive growth of social media channels, the
need to new data centers has immerged to store
gathered information. Request for sample pages
of this report https//www.psmarketresearch.com/m
arket-analysis/data-center-market/report-sampleI
T sector generated highest revenue for data
centers industry, as it comprises storage,
network and server infrastructure, which indeed
is the backbone of these services. It is also
projected to continue its dominance in coming
years. these days, companies are leaning more
toward well-equipped centers to allow improved
data management as data analysis has become very
essential for business growth. Such reasons will
contribute in the growth of this category in
coming years.The IT and telecom industry is
projected to dominate the market in years to
come. Due to the wide acceptance of enhanced
technologies, like cloud computing, the internet
of things and artificial intelligence vast amount
of data is being produced. This data comes from
personnel records, server logs, network
equipment, mobile internet usage, billing
activities, and social channels.To meet this
huge demand of storing massive data businesses
operating in the IT and telecom industry are
renting third-party spaces. such methods
facilitate IT and telecom businesses to manage
and store huge amount of data and increase their
storage size as per needed.
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The massive rise in the data generation is one
of the biggest reasons behind the growth of data
center industry. Over 64 zettabytes of data were
generated in 2020. And experts are projecting
that by 2025 around 10 times more data will be
created in compare to 2017. Over 2.5 quintillion
data is created on daily basis.Browse full
report at https//www.psmarketresearch.com/market
-analysis/data-center-marketNorth America is
dominating the market and it will hold the same
position throughout the forecast period, with a
value of USD 191.80 billion.Moreover, North
American spends a generous amount in the RD,
which leads to the formation of advanced data
centers that are more technologically enhanced
and efficient in order to managing information.
North America also has highly extensive advanced,
and well-organized technological
structure.Hence, the booming IT sector and
extensive growth of social media platforms will
derive the data center market in the coming years.
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