Global Data Center IT Equipment Market 2023-2027

Global Data Center IT Equipment Market 2023-2027
The data center IT equipment market is forecasted to grow by USD 65.26 bn during 2022-2027, accelerating at a CAGR of 9.09% during the forecast period. The report on the data center IT equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by a rise in the adoption of multi-cloud and network upgrades to support 5G, increasing investments in data centers, and the growth of big data analytics.

Technavio's data center IT equipment market is segmented as below:

By ProductServer equipmentStorage equipmentNetwork equipmentOthersBy End-userIT and telecommunicationBFSIGovernment and publicHealthcareOthersBy Geographical LandscapeNorth AmericaEuropeAPACSouth AmericaMiddle East and AfricaThis study identifies the growing need for edge computing as one of the prime reasons driving the data center IT equipment market growth during the next few years. Also, shift to hyperconverged infrastructure (HCI) and growing demand for data center infrastructure from SMEs will lead to sizable demand in the market.

The report on the data center IT equipment market covers the following areas:Data center IT equipment market sizingData center IT equipment market forecastData center IT equipment market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading data center IT equipment market vendors that include Arista Networks Inc., Cisco Systems Inc., CoreSite Realty Corp., CyrusOne LLC, Eaton Corp. Plc, Equinix Inc., Extreme Networks Inc., Fortinet Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., IEI Integration Corp., Infineon Technologies AG, Juniper Networks Inc., NetApp Inc., Nokia Corp., Oracle Corp., Schneider Electric SE, China Huaxin Post and Telecom Technologies Co. Ltd., and International Business Machines Corp.. Also, the data center IT equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.