Data Center Services Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Data Center Services Market was valued at USD 48.90 billion in 2020 and is expected to reach USD 105.6 billion by 2026, at a CAGR of 13.69% over the forecast period 2021 - 2026. Business leaders are facing an influx of data, and thus, they are under pressure to manage all business-critical data, along with the constant need to outpace their competitors.
Key HighlightsThe global data center service market is fragmented and the competitive rivalry is high. The key players in this market are Fujitsu Ltd, Reliance Group, Capgemini, HCL Technologies Limited, etc. Sustainable competitive advantage can be attained through innovation in this market, owing to the growing need for differentiated products for various applications.
Ventures over the world are progressively hoping to arrange information, store data, and be benefited from cloud specialists. This move, together with the interest to store media and other information, represents gigantic development in the market for cloud benefits.
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