The Data Center Outsourcing (DCO) Market size was estimated at USD 252.99 billion in 2023 and is projected to reach USD 355.51 billion in 2030 at a CAGR of 4.98% during the forecast period 2023-2030.
The term "data center outsourcing" refers to a group of services offered by specialist IT companies for the implementation, upkeep, supervision, and optimal functioning of data center infrastructure and related components. The consumer group outsources these tasks to specialist IT suppliers because of their management expertise.
A number of key factors are driving the data center outsourcing market, including the rise in demand for shared infrastructure services, the expansion of numerous industries, an increase in spending on various IT and business technology services, and an increase in market research and development activities.
Additionally, new possibilities for the data center outsourcing market will arise throughout the forecast period as a result of advancements in technology, modernization of manufacturing techniques, and growing demand from emerging economies.
However, among the main factors limiting market growth and continuing to present challenges to the data center outsourcing market during the forecast period are a lack of expertise and skilled professionals in the industry as well as an increase in the infrastructure-related complications in different data centers.
The coronavirus epidemic has had a mixed impact on the data center outsourcing (DCO) market. One one hand, the pandemic led to a surge in the demand for data center services, as businesses of all sizes have migrated to cloud computing and remote work. Moreover, many businesses looked for ways to reduce costs in the wake of the pandemic. Outsourcing data center operations helped businesses save money on capital expenses, operational costs and staffing costs. However, on the other hand, the economic uncertainty caused by the pandemic led some businesses to delay or can el data center outsourcing projects. Moreover, the pandemic disrupted the supply chain for data center equipment and services. This made it more difficult and expensive for businesses to outsource their data center operations.
The Data Center Outsourcing (DCO) Market is expected to grow during the forecast period. This growth can be attributed to several factors, including the rise in demand for shared infrastructure services, the expansion of numerous industries, an increase in spending on various IT and business technology services, and an increase in market research and development activities. However, lack of expertise and skilled professionals in the industry as well as an increase in the infrastructure-related complications in different data centers might hamper the growth of the market during the forecast period.
North America to Dominate the Market
