FEATURE: DATA CENTERS
Data Center market forecast to reach US $ 613.36 billion by 2033
Report from ResearchAndMarkets. com says increased data consumption, the rise of cloud computing, the need for data processing and storage, digital transformation, the expansion of the IoT and the requirement for improved cybersecurity are some of the causes propelling the data center sector.
The Data Center market is forecast to reach US $ 613.36 billion 2033 from US $ 237.07 billion in 2024 – with a with a CAGR of 11.14 % from 2025 to 2033, a report from ResearchAndMarkets reveals.
Increased data consumption, the rise of cloud computing, the need for data processing and storage, digital transformation, the expansion of the IoT and the requirement for improved cybersecurity are some of the causes propelling the data center sector, the Data Center Market Size and Share Analysis – Growth Trends and Forecast Report 2025 – 2033 finds.
Growing Trends in Green Data Centers and Sustainability
With a growing focus on energy conservation and reducing environmental impact, the report identifies sustainability as a major trend in the global data center market. Many businesses are making large investments in green data centers, utilizing energyefficient cooling systems and renewable energy sources like solar and wind. Additionally, rising energy prices, more stringent regulations and corporate social responsibility initiatives are the causes of this change. Data centers are progressively implementing
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