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Data Center IT Infrastructure Market by Component, End-user, and Geography - Forecast and Analysis 2023-2027

  • Published: Feb 2023
  • Pages: 186
  • SKU: IRTNTR41055
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Data Center IT Infrastructure market growth will increase by $153.78 billion during 2019-2024.
The data center it infrastructure market is expected to grow at a CAGR of 11.38% during 2019-2024.
Technavio has segmented the data center it infrastructure market by component (Server infrastructure, Storage infrastructure, Software-defined data center, Network infrastructure, and Others) and geographic (North America, Europe, APAC, South America, and MEA).
Cisco Systems Inc. , Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Huawei Investment & Holding Co. Ltd., Inspur Electronic Information Industry Co. Ltd., International Business Machines Corp., Lenovo Group Ltd., Microsoft Corp., Vertiv Group Corp. are a few of the key vendors in the data center it infrastructure market.
North America will register the highest growth rate of 33.61% among the other regions. Therefore, the data center it infrastructure market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the data center it infrastructure market growth are:
  • Technology refresh cycles
  • Advancements to support AI, machine learning (ML), and deep learning (DL) technologies
The data center it infrastructure market vendors should focus on grabbing business opportunities from the Server infrastructure segment as it accounted for the largest market share in the base year.
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