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Data Center Infrastructure Market Forecast Report 2024-2029, By Solution (Hardware, Software, Services) and End-User (Cloud Provider, Enterprise, Colocation Provider) [Yahoo! Finance]
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The global data centre infrastructure market is expected to grow at a CAGR of 9.58%, reaching a market size of US$5.99 billion in 2029 from US$3.15 billion in 2022. The data centre infrastructure market is growing due to increasing colocation and data centres in the world. The increasing demand for cloud networking is majorly driving the market for data centre infrastructure. The increasing need for data centres to store this ever-growing volume of data is fueling the demand for data centre infrastructure. The data centre infrastructure market is also growing due to an increase in demand for servers, computers, networking equipment like routers or switches, security components like firewalls or biometric security sensors, storage capacity, and data centre management software and applications. The market is also witnessing noteworthy growth owing to the ageing IT infrastructure, which is insufficient to store the current data volume. As such, companies are moving towards more inte
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