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Data Center Renovation Market Size, Share, Unique Trends Analysis Report By Product And Segment Forecasts 2023-2032
Data Center Renovation Market
The Business Research Company's Data Center Renovation Global Market Report 2023 identifies increasing usage of online services as the major driver for the Data Center Renovation market's growth in the forecast period. 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.
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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Major competitors in the Data Center Renovation market are Eaton Corporation, Schneider Electric, Cisco Systems Inc., APL Data Center, Black & Veatch Holding Company, Panduit Corporation.
A key trend in the Data Center Renovation market includes surging investments in research and development activities. The key market players in the industry are focusing on investing in the research and development of various technologies and processes for renovating data centers to sustain their position in the market. For instance, in August 2020, Delta Electronics, a Taiwan-based electronics manufacturing company that provides data center services, invested around 6-7% of its sales revenue in India for research and development to enhance its business.
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The Data Center Renovation market is segmented -
• 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.
The Business Research Company's "Global Data Center Renovation Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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