Insights on the Data Center Market 2020-2024: COVID-19 Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast 2024 - Technavio
The data center market is expected to grow by USD 304.87 mn, progressing at a CAGR of about 16% during the forecast period.
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Technavio has announced its latest market research report titled Global Data Center Market 2020-2024 (Graphic: Business Wire)
The rise in the adoption of edge computing is one of the major factors propelling market growth.
Data Center Market: Geographic Landscape
By geography, North America is going to have a lucrative growth during the forecast period. About 35% of the market's overall growth is expected to originate from North America. Factors such as the rising adoption of edge computing will significantly influence data center market growth in this region.
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Five Forces Analysis
Market Segmentation by Component
Drivers, Challenges, and Trends
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