Dublin, Sept. 10, 2024 (GLOBE NEWSWIRE) -- The "Data Center Transformation - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Data Center Transformation was estimated at US$9.0 Billion in 2023 and is projected to reach US$20.8 Billion by 2030, growing at a CAGR of 12.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Data center transformation involves the comprehensive rethinking and restructuring of data center strategies to better align with modern business needs, focusing on efficiency, scalability, and agility. This transformation is driven by the necessity to accommodate rapid changes in technology, including the adoption of cloud computing, artificial intelligence, and big data analytics.
The growth in the data center transformation market is driven by several factors, primarily the relentless pace of technological advancement and the escalating demand for more efficient and flexible IT resources. As businesses increasingly rely on digital solutions to drive operations and growth, there is a corresponding need to ensure that the underlying IT infrastructure is optimized for performance, scalability, and cost-efficiency. The widespread adoption of cloud services and the Internet of Things (IoT) necessitates data centers that are not only capable of handling large volumes of data but are also adaptable to changing technology landscapes.
Environmental considerations also play a crucial role, as companies seek to reduce their carbon footprint and energy consumption in response to global sustainability trends. Additionally, as data security becomes a paramount concern for businesses of all sizes, the need for modernized data centers with enhanced security features becomes critical. These factors, combined with the ongoing global expansion of enterprises and the increasing reliance on data-driven decision-making, ensure robust growth and continual evolution in the data center transformation market.
How Are Emerging Technologies Facilitating Data Center Transformation?
Emerging technologies play a pivotal role in the transformation of data centers. Virtualization technology allows for the creation of virtual versions of physical hardware, leading to better resource utilization and reduced physical footprint. Automation and orchestration technologies enhance operational efficiency by minimizing manual tasks and standardizing processes, which not only speeds up service delivery but also reduces the likelihood of human error.
Furthermore, the integration of software-defined networking (SDN) and network functions virtualization (NFV) introduces greater flexibility and control over data center resources, allowing network managers to dynamically adjust network traffic and operations as required. These technologies collectively facilitate a shift from static, hardware-centric facilities to agile, software-defined environments that can swiftly respond to new business opportunities and challenges.
What Challenges Do Organizations Face During Data Center Transformation?
Data center transformation is not without its challenges, primarily stemming from the complexity of modernizing existing infrastructure. Many organizations struggle with legacy systems that are deeply embedded in their operations but may not integrate seamlessly with new, more advanced technologies. This can lead to significant migration challenges, compatibility issues, and potential downtime.
There is also the challenge of securing buy-in from all stakeholders, as transformation projects often require substantial investments and can disrupt established workflows. Additionally, the skill gaps present within many organizations can hinder the effective implementation and management of new technologies. To overcome these challenges, businesses must invest in training and possibly hiring new talent, as well as develop a strategic plan that includes robust risk management and phased implementation approaches.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Consolidation Service segment, which is expected to reach US$8.2 Billion by 2030 with a CAGR of a 12.1%. The Optimization Service segment is also set to grow at 13.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was estimated at $2.4 Billion in 2023, and China, forecasted to grow at an impressive 11.7% CAGR to reach $3.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Accenture, Atos, Bytes Technology Group, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 194 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $9 Billion |
| Forecasted Market Value (USD) by 2030 | $20.8 Billion |
| Compound Annual Growth Rate | 12.8% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- Data Center Transformation - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Global Economic Update
MARKET TRENDS & DRIVERS
- Increasing Demand for Digital Services Reshapes Data Center Infrastructure
- Role of Edge Computing in Reducing Latency and Supporting IoT Proliferation
- Enhancing Data Center Security to Address Growing Cyber Threat Landscape
- Push Towards Greener Technologies Reduces Environmental Impact of Data Centers
- Operational Cost Savings Drive Investments in Data Center Transformation
- Public, Private, and Hybrid Cloud Models Revolutionize Data Center Operations
- Multi-Cloud Strategies Optimize Performance and Cost in Data Centers
- Emergence of Micro Data Centers Reduces Latency and Enhances Processing
- Virtual Machines and Containers Enhance Resource Utilization and Consistency
- Software-Defined Networking (SDN) Emerges to Enable Dynamic Network Resource Management
- Liquid Cooling Enhances Efficiency in High-Density Data Center Environments
- Zero Trust Architecture Enhances Data Center Security
- Decentralized Data Management with Blockchain Technology Transforms Security and Transparency
- Emerging Quantum Computing Technology Revolutionizes Data Processing Capabilities
FOCUS ON SELECT PLAYERS(Total 42 Featured)
- Accenture
- Atos
- Bytes Technology Group
- Cisco Systems, Inc.
- Cognizant Technology Solutions Corporation
- Dell EMC
- DynTek, Inc.
- General Datatech, LP.
- Greenpages
- HCL Technologies Ltd.
- Hitachi Ltd.
- IBM Corporation
- InKnowTech Private Limited
- Insight Enterprises, Inc.
- Micro Focus International PLC
- Microsoft Corporation
- Mindteck
- NetApp, Inc.
- NTT Communications Corporation
- Performance Technologies S.A.
- Rahi Systems, Inc.
- Schneider Electric SA
- Softchoice Corporation
- Tech Mahindra Ltd.
- Wipro Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/gtcs5o
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