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.

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