Latest News- Data Center IT Equipment Market: Server equipment is expected to lead the Product segment during 2025-2029

The Data Center IT Equipment Market is being driven by Rise in adoption of multi-cloud and network upgrades to support 5G

The Data Center IT Equipment Market is expected to grow at a CAGR of 9.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 77.2 billion. The architectural model of edge computing, which processes data from Internet of Things (IoT) devices near their source, is gaining significant traction in the global data center IT equipment market. The proliferation of internet-connected devices has driven the demand for efficient edge computing solutions, as industries increasingly adopt IoT technologies and require real-time data processing. Edge data centers facilitate immediate data analysis, bolster data security, and minimize risks associated with data transmission. Furthermore, the deployment of 5G networks intensifies this demand, as edge data centers are essential for managing increased network traffic and ensuring low-latency communication. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Server equipment
  • Storage equipment
  • Network equipment
  • Others
• End-user
  • IT and telecommunication
  • BFSI
  • Government and public
  • Healthcare
  • Others
• Deployment
  • On-premises
  • Cloud
  • Colocation
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • China
    • India
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rise in adoption of multi-cloud and network upgrades to support 5G
• Increasing investments in data center
• Growth of big data analytics

However, the market also witnesses some limitations, which are as follows:

• Increasing focus on data center consolidation
• Insufficient IT budget allocations
• Shortage of data center IT equipment and high lead times for IT equipment delivery

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Market Scope in Data Center IT Equipment Market Research Report

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Research Analysis Overview

The Data Center IT Equipment Market is witnessing significant trends, including data center analytics for better management, cloud data centers and cloud-based data processing for flexibility, and microservers for energy efficiency. Data center innovation continues with automation, colocation, and modular designs. Security, sustainability, and compliance remain top priorities. Cooling solutions and certifications ensure optimal performance and efficiency. Data center design and virtualization enable seamless migration and management. The future of data centers lies in advanced technologies and continuous optimization.

Market Research Overview

The Data Center IT Equipment Market, a segment of the global Technology Hardware, Storage, and Peripherals Market, encompasses power distribution systems and secure data storage solutions. According to Technavio, this market is driven by the escalating demand for data storage, primarily due to the increasing volume, velocity, veracity, and variety (4Vs) of data. This trend is fueled by the growing number of data centers worldwide. The global Technology Hardware, Storage, and Peripherals Market, which includes manufacturers of cellular phones, personal computers, servers, and peripherals, is projected to grow significantly due to this demand. The market size is determined by the revenue generated from the sales of hardware devices, equipment, and components.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/