Data center market to hit $430B by 2028

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 22 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 92%

Data News

Center,Market,To

OVER the past decade, the once-niche piece of IT infrastructure — data centers — has become the talk of the investment world and a massive revenue driver for tech giants. Amazon Web Services generate almost 20 percent of the e-commerce giant's revenue today.

OVER the past decade, the once-niche piece of IT infrastructure — data centers — has become the talk of the investment world and a massive revenue driver for tech giants. Amazon Web Services generate almost 20 percent of the e-commerce giant's revenue today. At the same time, Nvidia, the supplier of parts for modern cloud storage and processing data centers, has grown into the world's third-largest tech company.

5 percent in the following years, resulting in a market volume of $438 billion by 2028.Most of that value will come from network infrastructure, the market`s largest and fastest-growing segment. Statista expects the network infrastructure to bring in $256.1 billion in revenue in 2028, almost 30 percent more than this year. Data center servers follow with $120 billion in revenue and a 24 percent growth in this period.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines