5G

Global data center market projected to 17% CAGR over next 5 years

The global data center market’s size is poised to grow by USD $284.44 billion during the period from 2019-2023, progressing at a CAGR of more than 17% during the forecast period, according to a new report by Technavio. The analyst says the market is being driven by the rise in adoption of multi-cloud and network upgrades to support 5G. The report also finds that demand planning and expansion by "hyperscalers" is expected to boost the growth of the data center market.

Sourced through Scoop.it from: www.cablinginstall.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s