Data Center Equipment Market Size | Growth Report 2030

The Global Data Center Equipment Market size was estimated at over USD 51.91 billion in 2021. It’s forecast to maintain a compound annual growth rate (CAGR) of 16% over the analysis period from 2022 to 2030, reaching USD 120 billion by the end of it. The development of next-generation data Center networks as a result of the convergence of video, mobile services, and cloud technologies is expected to drive market expansion throughout the forecast period. The data Center is predicted to be transformed by technological developments in the business model, thanks to cloud services, to provide pooled and automated services for data efficiency.