Offsite Data Center Power Infrastructure Market worth $35.4 billion by 2030 - 0 views
-
Almira Coyne on 08 Aug 24According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of USD 13.4 billion in 2024, at a Compounded Annual Growth Rate (CAGR) of 17.6% over the forecast period. There are several key factors that underline the importance of offsite data center power infrastructure market. There is a growing demand for efficient and sustainable data management solutions. The most important driver is the exponential increase in the data generation and consumption across various sectors. These sectors include BFSI, healthcare, and IT & Telecommunications. The need for robust and scalable data centers increases with the increase in the digital footprints of the organizations. This has propelled the demand for advanced power infrastructure solutions which ensure operational excellence.