The Data Center Transformation Market is Predict to reach USD 32.1 Billion by 2031, at a CAGR of 15.4%

Data Center Transformation Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Data Center Transformation Market size is expected to reach $32.1 billion by 2031, rising at a market growth of 15.4% CAGR during the forecast period.

The Optimization Services segment exhibits a CAGR of 15.7% during (2024 - 2031). The increasing necessity to improve the efficacy and efficiency of current data center infrastructure is the driving force behind this segment. With increasing data volumes and growing reliance on digital operations, organizations prioritize services that maximize resource utilization, improve energy efficiency, and reduce downtime. Adopting advanced analytics and automation tools for monitoring and managing workloads drives this segment as companies seek to ensure seamless and cost-effective operations without significant infrastructure overhauls.

The Cloud Service Providers segment is leading the Global Data Center Transformation Market by End User in 2023; thereby, achieving a market value of $13.3 billion by 2031.  The rapid proliferation of cloud computing across industries is the primary driver of the cloud service providers segment, which is also driven by the demand for cost-effective, scalable, and flexible IT solutions. Organizations are increasingly migrating workloads to cloud platforms to support remote work, e-commerce, and digital transformation initiatives, thereby boosting demand for data center transformation services tailored to cloud environments.

The BFSI segment is capturing a CAGR of 14.8% during (2024 - 2031). The BFSI (Banking, Financial Services, and Insurance) segment is propelled by the sector's focus on enhancing data security, compliance, and customer experience. As digital banking, fintech solutions, and online transactions become mainstream, BFSI organizations are investing heavily in data center transformation to ensure the reliability and security of their IT environments. The demand for data centers that are both scalable and resilient is further exacerbated by the emergence of AI-powered financial tools, blockchain technology, and advanced analytics.

Full Report: https://www.kbvresearch.com/data-center-transformation-market/

The North America region dominated the Global Data Center Transformation Market by Region in 2023; thereby, achieving a market value of $13.3 billion by 2031. The Europe region is registering a CAGR of 15.2% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 16.1% during (2024 - 2031).

List of Key Companies Profiled

• IBM Corporation
• Microsoft Corporation
• Hitachi, Ltd.
• NTT Data Corporation
• Dell Technologies, Inc.
• NetApp, Inc.
• HCL Technologies Ltd.
• Schneider Electric SE
• Accenture PLC
• Cognizant Technology Solutions Corporation

Data Center Transformation Market Report Segmentation

By Services

• Consolidation Services
• Optimization Services
• Automation Services
• Infrastructure Management Services

By End User

• Cloud Service Providers
• Colocation Providers
• Enterprises

By Vertical

• IT & Telecommunications
• BFSI
• Energy
• Manufacturing
• Government & Defense
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

LAMEA Data Center Transformation Market Size | Growth 2031

• December-2024
• 140 Pages

Europe Data Center Transformation Market Size | Share 2031

• December-2024
• 142 Pages

Asia Pacific Data Center Transformation Market Size 2031

• December-2024
• 142 Pages

North America Data Center Transformation Market Size 2031

• December-2024
• 129 Pages