Data Center IT Equipment Market to Grow by USD 73.6 Million (2024-2028) as Multi-Cloud and 5G Network Upgrades Drive Growth; AI Impact on Market Trends Report – Technavio | PR Newswire [Video]

, /PRNewswire/ — Report on how AI is redefining market landscape – The global data center it equipment market size is estimated to grow by USD 73.6 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  9.44%  during the forecast period. Rise in adoption of multi-cloud and network upgrades to support 5G is driving market growth, with a trend towards growing need for edge computing. However, increasing focus on data center consolidation  poses a challenge.Key market players include Arista Networks Inc., China Huaxin Post and Telecom Technologies Co. Ltd., Cisco Systems Inc., CoreSite Realty Corp., CyrusOne LLC, Eaton Corp. Plc, Equinix Inc., Extreme Networks Inc., Fortinet Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., IEI Integration Corp., Infineon Technologies AG, International Business Machines Corp., Juniper Networks Inc., NetApp Inc., Nokia Corp., Oracle Corp., and Schneider Electric SE.

Key insights into market evolution with AI-powered analysis. …