What's Driving the Data Center Infrastructure Market Growth? Amazon, AT&T, Banco Santander, Equinix, Facebook, Google, IBM, Level 3 Communications, Microsoft, Oracle, Telefónica, Verizon, and Dell

Over the years, the global data center infrastructure market trends have been witnessing commendable pace of growth accounting to the rising complexities of managing huge data centers and the inadequacies with respect to power and space. Additionally, the proliferation of big data and cloud computing technologies have forced various industries to focus on developing the physical infrastructure of IT-dominant services which is expected to stimulate the market dynamics.

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Significant rise in the organizational data and presumption of information owing to the company's mounting customer-centric approach have catalyzed the industry outlook over the forecast period. Organizations in the BFSI, IT, and the telecom sectors have been storing large amounts of consumer's financial and personal data.

For instance, in September 2019, Google reportedly announced that the company was geared up to develop its second hyperscale data center on the island of Taiwan while continually abiding by the environmental pledges. Thus, the presence of similar activities decrees the need for management applications contributing significantly towards the global data center infrastructure market share.

Robust growth of the networking equipment in the global data center infrastructure market can be aptly credited to the multiplying facilities combined with the increasing demand for data storage, and management globally.

Growing obscurity in the management of humongous data volume engendered by the enterprises calls for the adoption of advanced infrastructure enabling the networking equipment to form a vital part of it.

The equipment assures strong connection between the data center nodes and the equipment for a proper transfer and communication of data thereby propelling the global data center infrastructure market expansion.

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Various companies globally are emphasizing on the reduction of capital and operational expenditure through outsourcing of data storage requirements to the colocation providers, eventually boosting the global colocation data center infrastructure market share.

The ongoing technological advancements viz-a-viz Industry 4.0. cloud computing, and big data have majorly driven the regional market. Apparently, Europe data center infrastructure market has been predicted to record remuneration of USD 30 billion by 2024.

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