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Cloud services, IoT driving data center market growth

August 25, 2016SSN Staff

LONDON—A new report from Technavio forecasts the global data center market to grow at a CAGR of close to 11 percent during 2016-2020, driven by increased spending on cloud data centers, growing IoT and increased use of big data analytics. The enterprises spending on cloud data centers, which was $38 billion in 2015, is expected to reach $75 billion by 2020 at a CAGR of around 14.57 percent, according to the report. Many cloud service providers (CSPs) construct cloud data centers that cost up...

Cloud, Rakesh Kumar Panda, TechNavio

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