Market Overview Published Via 11Press : The global Data Center Transformation Market has experienced steady growth due to factors such as the increasing demand for digital transformation, cost optimization initiatives, and increasing adoption of cloud computing and virtualization technologies. Data Center Transformation Market was valued at USD 8.3 Bn in 2022 and is projected to reach USD 28.6 Bn by 2032 , growing at a compound annual growth rate (CAGR) of 13.2% from 2022-2032. The report highlights that the data center transformation market is being driven by a need to modernize legacy infrastructure, move towards cloud-based solutions, and adopt advanced technologies such as artificial intelligence (AI), the Internet of Things (IoT), and 5G. Furthermore, there is an increasing demand for cost optimization and increased operational efficiency across various segments. Geographically, North America is expected to lead the data center transformation market due to its early adoption of cloud computing and virtualization technologies as well as the presence of major players there. On the other hand, Asia Pacific is predicted to experience the highest growth rate over the forecast period due to increasing digital technology adoption and a rising need for cloud-based solutions in emerging economies such as China and […]
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