Dublin, March 05, 2025 (GLOBE NEWSWIRE) — The "Data Center Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2029F" report has been added to ResearchAndMarkets.com’s offering. The Data Center Market was valued at USD 200.3 Billion in 2023, and is expected to reach USD 479.80 Billion by 2029, rising at a CAGR of 15.50% Market growth is driven by several factors, including the exponential increase in data generation from digital transformation initiatives, the rise of cloud computing, and the growing adoption of technologies like artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT). These trends are pushing organizations to enhance their IT infrastructure, leading to increased investments in data centers. Additionally, the demand for low-latency, high-performance computing is driving the deployment of edge data centers closer to end-users. Increasing Demand for Cloud Services The exponential rise in demand for cloud services is a significant driver of growth in the data center market. As businesses increasingly migrate their operations to cloud-based environments, the need for robust, scalable, and secure data centers has become paramount. This trend is driven by several factors, including the growing adoption of Software as a Service (SaaS), Platform as a Service […]
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