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According to the latest report by IMARC Group, titled "Data Center Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global data center automation market reached a value of US$ 4.25Billion in 2021. Data center automation refers to the method of managing routine workflows. It helps in automating data center operations, management activities, monitoring processes and maintenance tasks in an efficient manner. It aids in minimizing human errors and the time required to perform routine tasks while enabling fast delivery of services on demand in an automated and repeatable manner. Along with this, it offers enterprises with advanced servers, higher data storage capacity, and faster computing capability. Due to the growing preference for online transactions, there has been a considerable rise in the deployment of data center automation solutions on the global level.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Data Center Automation Market Trends:
The global market is primarily driven by a considerable increase in data generation across the corporate sector. This can be accredited to rapid digitization and the penetration of high-speed internet connectivity across developing economies. Along with this, continual technological advancements, such as the rising adoption of cloud computing, big data, artificial intelligence (AI) and machine learning (ML), are creating a positive market outlook. Coupled with the widespread popularity of social media, cloud gaming and streaming media, this is providing a boost to the market growth. Additionally, a considerable shift toward remote working models due to the sudden outbreak of coronavirus disease (COVID-19) has further propelled the demand for data center automation. Besides this, the increasing deployment of these automation solutions across the banking, financial services and insurance (BFSI) sector for improving the synchronization between IT security and fraud detection is acting as another major growth-inducing factor. Other factors, including continuous improvements in the information technology (IT) infrastructure and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market. On account of the aforementioned factors,the market is anticipated to reach a value of US$ 9.93Billion by 2027, exhibiting a CAGR of 15.4% during 2022-2027.
Market Summary:
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