Global data center outsourcing market to reach $203.87Bn by 2028

WYOMING, UNITED STATES — The global data center outsourcing market is expected to hit US$203.87 billion by 2028, growing at a compound annual growth rate (CAGR) of 5.3% between 2023 and 2028. 

According to a new report published by Expert Market Research, outsourced data center services have become increasingly popular as companies increasingly rely on third-party providers to handle their data storage and processing needs. 

The report also mentioned that the growing demand for cloud-based services and the increasing adoption of big data analytics are expected to drive the growth of the data center outsourcing market in the coming years. 

Moreover, the rising popularity of virtualization technologies and the need for scalable and flexible IT infrastructure are expected to contribute to the market’s growth. 

However, the market is also expected to face challenges such as data security concerns and increasing competition from in-house data centers. 

Expert Market Research also revealed that the North American region currently dominates the market as more companies demand colocation services.