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Home > Data Center > The Chinese data center market expected to reach USD 18.01 billion

The Chinese data center market expected to reach USD 18.01 billion

The data center market in China is estimated to grow by USD 18.01 billion during 2020-2024, progressing at a CAGR of over 18%, according to Technavio.

Seda Nur Cinar by Seda Nur Cinar
March 5, 2021 11:32 am
in Data Center
1 min read
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The data center market in China will reach USD 18.01 billion till 2024

Technavio has released an Industry Analysis, Market Trends, Opportunities and Forecast 2024 report for China. The data center market in China is estimated to grow by USD 18.01 billion during 2020-2024, progressing at a CAGR of over 18%.

60% growth in 3 years

The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment. The market is driven by demand for hyper-converged data centers.

Technavio Report

The data center market in China is expected to grow by 60% which will originate from IT infrastructure. While the market growth will accelerate at a CAGR of over 18% during 2020-224, the year-over-year growth rate for 2020 is estimated at 16.38%.

It is also important to say that one of the key drivers for this market will be the demand for hyper-converged data centers.

See more Data Center News


Tags: Technavio
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Seda Nur Cinar

Seda Nur Cinar

Editor of Cloud7, Seda is a Linux and opensource enthusiast, security researcher and a web application developer.

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