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Data Center Renovation Market: Growth Trajectory, Key Drivers, and Emerging Trends
Data Center Renovation Market
A Surge in Demand for Efficient Data Centers Drives Unprecedented Market Growth
What Is The Projected Market Size Of The Global Data Center Renovation Market And Its Growth Rate?
Data center renovation market has witnessed a remarkable growth and is expected to continue on a similar trajectory. Crucial data pertinent to market size and growth rate includes:
- The market size escalated from $29.48 billion in 2024 to $36 billion in 2025, recording an impressive CAGR of 22.1%.
- The key growth catalysts during this period were legacy infrastructure modernization, increasing data storage requirements, energy efficiency concerns, and security and compliance upgrades.
- Future projections foresee a growth to a staggering $96.97 billion in 2029 at a CAGR of 28.1%.
- This forecasted surge can be attributed to factors such as edge computing integration, 5G implementation, sustainability and green computing, resilience and disaster recovery, and technological advancements.
What Is Driving The Growth In The Data Center Renovation Market?
The rising use of online services significantly drives the data center renovation market. An uptake in online services enhances data traffic across multiple sectors, thereby prompting market leaders to modernize their back-end IT infrastructure to cater to evolving market trends. For instance, in September 2023, the International Telecommunication Union reported that 67% of the world's population (5.4 billion people) were using the Internet. The increasing usage of online services inadvertently drives the growth of the data center renovation market.
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Who Are The Key Players Driving Data Center Renovation Market Growth?
A host of companies play pivotal roles in propelling the data center renovation market, including:
- Equinix
- Digital Realty
- Schneider Electric
- Vertiv
- NTT Communications
- Eaton Corporation
- Hewlett Packard Enterprise
- Cisco Systems
- Fujitsu
- IBM Corporation
- ABB Ltd., Siemens AG, Amazon Web Services (AWS)
- Google Cloud
- Microsoft Azure
- Iron Mountain
What Are The Key Trends In The Data Center Renovation Market?
The key trends in the data center renovation market include:
- Technological Advancements
- Sustainability and Green Initiatives
- Modular and Scalable Designs
- Advanced Cooling Technologies
What Are The Segments Of The Global Data Center Renovation Market?
The data center renovation market comprises different segments, including:
- 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
Which Region Leads The Data Center Renovation Market?
South America led the data center renovation market in 2024, closely followed by North America. The market report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Data Center Renovation Global Market Report?
- Market Size Analysis: Analyze the Data Center Renovation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Data Center Renovation Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Data Center Renovation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Data Center Renovation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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