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The data center and network third party hardware maintenance service market size is forecast to increase by USD 3 billion and is estimated to grow at a CAGR of 14.76% between 2023 and 2028. The data center market is experiencing significant growth due to rising spending on digital transformation and increasing demand from global cloud service providers for wholesale colocation. This trend is driven by the ever-growing complexity of data centers, which necessitates more advanced and scalable solutions. Cloud providers require large-scale, highly secure, and reliable infrastructure to support their expanding customer base and complex workloads. As a result, the data center industry is witnessing a surge in demand for colocation services, which enable businesses to lease space and power in a third-party data center to house their IT equipment. This shift towards colocation is expected to continue, as it offers numerous benefits, including cost savings, improved security, and increased flexibility. Overall, the data center market is poised for continued growth, driven by the increasing demand for wholesale colocation from global cloud service providers and the growing complexities of data center infrastructure.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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