Data Center It Infrastructure Market Analysis & Forecast By It Infrastructure Components
February 2, 2023 ⚊ 1 Min read ⚊ Views 66 ⚊ TECHNOLOGY
In 2021, the data center IT infrastructure market size was valued at $211.9 billion and is anticipated to expand at a CAGR of 6.2% over the forecast period (2021-2026). The inevitable proliferation of data centers and continuous public cloud investments will largely drive the data center IT infrastructure market growth.
The data center market will recover from a COVID-induced decline in 2021 to generate $948 billion in revenues by 2030, according to GlobalData forecasts. Most enterprise-generated data will be created and processed in remote data centers or the cloud. As such, the increasing amount of use cases and investments across various sectors is expected to fuel the demand for data center IT infrastructure components over the forecast period. However, security concerns in managing and securing information flow across enterprise networks are expected to pose a challenge to market growth.
