According to the report by Expert Market Research (EMR), the global Data Centre Transformation Market Trends reached a value of USD 9.5 billion in 2022. Aided by the growing demand for advanced and efficient data management solutions and the rising adoption of digital transformation strategies across various industries, the market is projected to further grow at a CAGR of 14.30% between 2023 and 2028 to reach a value of USD 20.85 billion by 2028.
Data centre transformation refers to the process of modifying an existing data centre to improve and enhance its performance, efficiency, and scalability. It involves the integration of innovative technologies and solutions such as cloud computing, virtualisation, artificial intelligence, and automation, among others. It plays a crucial role in reducing operational costs, enhancing business agility, and improving service quality and delivery.
The global data centre transformation market growth is primarily driven by the increasing demand for advanced data management solutions. With the exponential growth of data generated by businesses, there is a growing need for efficient data management solutions that can handle, store, and process large volumes of data. This trend has led to an increased adoption of data centre transformation services.
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Furthermore, the rising adoption of digital transformation strategies across various industries is also fuelling the data centre transformation market demand. As businesses strive to stay competitive in the digital era, they are increasingly leveraging digital technologies to transform their operations, processes, and business models. This trend is driving the need for robust and efficient data centres, thereby boosting the data centre transformation market.
The expanding applications of data centre transformation in various sectors also contribute significantly to the data centre transformation market expansion. Industries such as IT and telecom, banking, financial services and insurance (BFSI), healthcare, retail, and manufacturing, among others, are increasingly adopting data centre transformation services to improve their data management capabilities and operational efficiency.
Moreover, the growing emphasis on energy-efficient and sustainable data centre solutions is further propelling the market growth. With increasing concerns over energy consumption and environmental impact, businesses are seeking green data centre solutions that are energy-efficient and environmentally friendly. The trend towards sustainable data centres is thereby fostering the data centre transformation market growth.
Data Centre Transformation Market Segmentation
The market can be divided based on services, end user, industry vertical, and region.
Market Breakup by Services
- Infrastructure Management
Market Breakup by End User
- Cloud Service Providers
- Colocation Providers
Market Breakup by Industry Vertical
- IT and Telecommunications
- Government and Defence
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape of Data Centre Transformation Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global data centre transformation companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- IBM Corporation
- Cisco Systems, Inc
- Dell Technologies, Inc
- Microsoft Corporation
- Schneider Electric SE
- HCL Technologies Limited
- Cognizant Technology Solutions Corporation
- Accenture plc
- Open Text Corporation (Micro Focus International Plc)
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