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Data Center Renovation Market Size, Share Analysis, Growth And Industry Forecast 2023-2032
Data Center Renovation Market Report
Data Center Renovation Market Size, Growth Rate, And Forecast:
The global data center renovation market size grew from $20.17 billion in 2022 to $25.2 billion in 2023 at a compound annual growth rate (CAGR) of 25.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The data center renovation market size is expected to grow to $60.91 billion in 2027 at a CAGR of 24.7%.
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Data Center Renovation Market Drivers:
Increasing usage of online services is expected to propel the growth of the data center renovation market going forward. The increasing use of online services for payment, shopping, traveling, entertainment, and medical applications will increase overall data traffic across multiple sectors. This factor will encourage the data center renovation market leaders to modernize their back-end IT infrastructure to handle the ongoing market changes.
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Data Center Renovation Market Segments
•By Product: Cooling, Power, IT Racks and Enclosures, Networking equipment, DCIM, Other Products
•By Organization Size: Small Size Organization, Medium Size Organization, Large Size Organization
•By Application: BFSI, IT and Telecom, Manufacturing, Government, Healthcare, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. South America was the largest region in the data center renovation market.
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Data Center Renovation Market Key Players:
Major competitors in the data center renovation market include Eaton Corporation, Schneider Electric, Cisco Systems Inc., APL Data Center, Black & Veatch Holding Company, Panduit Corporation, Dorsalys (Eiffage Énergie Systèmes'), IBM Corporation, Vertiv Group Corp., Competitive analysis of other prominent players, Labotek, Gilford Corporation, ABB Ltd., Raritan Inc., Submer Technologies, Sunbird Software Inc., Vertiv Group Co. (Vertiv Holdings Co.), Vertiv Co., and Hewlett Packard Enterprise Company.
The Business Research Company's "Global Data Center Renovation Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Data Center Renovation Market Include:
1. Executive Summary
2. Data Center Renovation Market Characteristics
3. Data Center Renovation Market Trends And Strategies
4. Data Center Renovation Market - Macro Economic Scenario
5. Data Center Renovation Market Size And Growth
....
26. Africa Data Center Renovation Market
27. Data Center Renovation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Data Center Renovation Market
29. Data Center Renovation Market Future Outlook and Potential Analysis
30. Appendix
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