Data Center IT equipment Market to grow by USD 65.26 billion between 2022 - 2027; Increasing investments in data centers to drive market growth- Technavio

NEW YORK, Nov. 21, 2023 /PRNewswire/ -- The Data Center IT equipment Market report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the data center IT equipment market between 2022 and 2027 is USD 65.26  billion.

The increasing investments in data centers drive market growth. Coping with the growing volume of data produced is strategized by various companies by building or leasing data centers and the increasing interest in cloud computing will further drive the need for data centers. Furthermore, to meet the needs of cloud computing, big data analytics, artificial intelligence (AI), and other data-intensive applications, various organizations are investing in data centers. Through this growing demand, the demand for information technology equipment in data centers also grows. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

• Market Challenge - Insufficient IT budget allocations hamper market growth. Owing to lower IT budgets and the probable incapability to build additional data center facilities, service providers in data centers, particularly local operators, are restricted. Thus, the construction of smaller data centers will lead to the installation of fewer data center IT equipment. However, additional infrastructure requirements from data center operators result in higher CAPEX. Additionally, budget constraints also hinder the deployment of IT equipment such as servers, storage devices, and networks. Learn about additional key drivers, trends, and challenges available with Technavio. Read a Sample PDF Report Now

The data center IT equipment market is categorized based on Product (Server equipment, Storage equipment, Network equipment, and Others ), End-user (IT and telecommunication, BFSI, Government and public, Healthcare, and Others ), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). 

• The server equipment segment will be significant during the forecast period. They are the backbone of data centers, facilitating the storage, processing, and distribution of data for various applications and workloads. Factors like the adoption of cloud-based services, the proliferation of data-intensive applications, and the growing need for scalable and high-performance computing solutions drive the demand for server equipment. This equipment is used by enterprises, service providers, and hyperscale data center operators and is essential for their operation.
• North America will contribute 38% to the growth of the global market during the forecast period. View a FREE Sample Report for insights into the contribution of all the segments and regional opportunities in the report.

Key Companies in the data center IT equipment market:

Arista Networks Inc., Cisco Systems Inc., CoreSite Realty Corp., CyrusOne LLC, Eaton Corp. Plc, Equinix Inc., Extreme Networks Inc., Fortinet Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., IEI Integration Corp., Infineon Technologies AG, Juniper Networks Inc., NetApp Inc., Nokia Corp., Oracle Corp., Schneider Electric SE, China Huaxin Post and Telecom Technologies Co. Ltd., International Business Machines Corp.

Related Reports:

The Affective Computing Market size is estimated to grow at a CAGR of 35.75% between 2023 and 2028. The market size is forecast to increase by USD 236.41 billion.

The Business Process Automation (BPA) Market size is estimated to grow at a CAGR of 14.47% between 2022 and 2027. The market size is forecast to increase by USD 9,951.8 million.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by End-user

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED