The global data center renovation market reached USD 20 billion in 2022 and is projected to register 14% CAGR from 2023 to 2032, driven by rapid advancements in data processing technologies and the escalating demand for increased data storage capabilities, according to a GMI Insights report.
As businesses embrace digital transformation, the need for modernized data centers to handle evolving technologies becomes imperative. This surge in demand for enhanced data processing and storage infrastructure will significantly contribute to the expansion of the data center renovation market, making it a pivotal component in meeting the evolving needs of the digital era.