Connect with us

Technology

Data Center IT Equipment Market to Grow by USD 73.6 Million (2024-2028), Driven by Multi-Cloud Adoption and 5G Network Upgrades, AI’s Impact on Trends – Technavio

Published

on

NEW YORK, Jan. 21, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global data center IT equipment market size is estimated to grow by USD 73.6 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 9.44% during the forecast period. Rise in adoption of multi-cloud and network upgrades to support 5G is driving market growth, with a trend towards growing need for edge computing. However, increasing focus on data center consolidation poses a challenge. Key market players include Arista Networks Inc., China Huaxin Post and Telecom Technologies Co. Ltd., Cisco Systems Inc., CoreSite Realty Corp., CyrusOne LLC, Eaton Corp. Plc, Equinix Inc., Extreme Networks Inc., Fortinet Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., IEI Integration Corp., Infineon Technologies AG, International Business Machines Corp., Juniper Networks Inc., NetApp Inc., Nokia Corp., Oracle Corp., and Schneider Electric SE.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Data Center IT Equipment Market Scope

Report Coverage

Details

Base year

2023

Historic period

2017 – 2021

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.44%

Market growth 2024-2028

USD 73.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.44

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 35%

Key countries

US, China, Germany, UK, and Canada

Key companies profiled

Arista Networks Inc., China Huaxin Post and Telecom Technologies Co. Ltd., Cisco Systems Inc., CoreSite Realty Corp., CyrusOne LLC, Eaton Corp. Plc, Equinix Inc., Extreme Networks Inc., Fortinet Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., IEI Integration Corp., Infineon Technologies AG, International Business Machines Corp., Juniper Networks Inc., NetApp Inc., Nokia Corp., Oracle Corp., and Schneider Electric SE

Market Driver

The Data Center IT Equipment Market is witnessing significant trends in the Foodservice Disposables sector. The Plastic segment is currently dominating the market due to its affordability and convenience. However, the Household sector is increasingly shifting towards Biodegradable plates, driven by Millennial consumers’ preference for Sustainable packaging. The Coronavirus pandemic has accelerated this trend as consumers prioritize Hygiene and safety. The Fast Food Consumption, led by Takeaway food chains and Roadside vendors, is a major driver for the market. Urbanization and Westernization have also contributed to the growth of the Foodservice industry, particularly in Commercial places like Hotels and Restaurants. Product innovations in Biodegradable and Customized disposable plates cater to the changing consumer lifestyles. Manufacturing businesses in the Food Delivery industry are responding to these trends by focusing on Sustainability and Biodegradability. Industry sources suggest that Sales in the Foodservice Disposables market will continue to grow, driven by the increasing popularity of Food delivery apps and the need for Convenience. Despite these trends, there are Restraints, including the Environmental impact and Sturdiness and durability concerns. Overall, the market is expected to continue its growth trajectory, driven by Driving Factors like Changing consumer lifestyles and Environmental concerns, and Sustainable practices. 

The edge computing model, which processes IoT data near its source, gained significant traction in 2020 as the number of Internet-connected devices reached an estimated 11.7 billion. This IoT boom, initiated by the widespread use of RFID sensors in logistics and warehouses in the late 1990s, will continue to drive the global data center IT equipment market due to the increasing generation of vast data volumes. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

 Market Challenges

The Data Center IT Equipment market faces several challenges in the Foodservice Disposables sector. The Plastic segment is under pressure due to growing concerns over its environmental impact. Household sector and takeaway food chains are shifting towards Biodegradable plates, driven by Millennial consumers’ preference for Sustainable packaging. Coronavirus has accelerated this trend due to Hygiene and safety concerns. Foodservice industry players, including Fast-food chains, small commercial eateries, events, and roadside vendors, are adopting Biodegradable and Sustainable practices. Urbanization and Westernization have increased Fast-food consumption, leading to a surge in Food packaging demand. Manufacturing businesses are innovating with Customized disposable plates, catering to various Sales channels, including Food delivery apps. Industry sources suggest that the Foodservice Delivery industry’s growth will continue to drive demand for Biodegradable plates. However, environmental impact and Sturdiness and durability remain key Restraint factors. Overall, the Foodservice Disposables market’s Driving Factors include changing consumer lifestyles, Convenience, and Sustainability concerns. Trending factors include the growing influence of Environmental concerns and Sustainable practices.Infrastructure-as-a-Service (IaaS) is a cloud computing concept where businesses utilize virtualized computing resources over the Internet. Notable IaaS providers include DigitalOcean, Linode, Rackspace, Amazon Web Services, Cisco Metapod, Microsoft Azure, and Google Compute Engine. The increasing adoption of IaaS has resulted in data center consolidation, merging multiple facilities to decrease operating costs and control emissions. Software companies, such as Box, Salesforce, Tableau, and SAP, are transitioning to common cloud platforms, reducing the need for individual data centers. This trend is expected to continue, with more companies announcing plans to use public cloud services.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview 

This data center it equipment market report extensively covers market segmentation by

Product 1.1 Server equipment1.2 Storage equipment1.3 Network equipment1.4 OthersEnd-user 2.1 IT and telecommunication2.2 BFSI2.3 Government and public2.4 Healthcare2.5 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Server equipment- Data centers are essential infrastructure for businesses, housing the servers that process and store data for various applications and workloads. Servers, including rack servers, blade servers, tower servers, and modular servers, serve as the backbone of data centers. Enterprises and data center service providers aim to shift their server investments from capital expenditure (CAPEX) to operational expenditure (OPEX) for optimal utilization and cost reduction. This trend has fueled the demand for consolidation, virtualization, and containerization. The server equipment market is driven by cloud services adoption, data-intensive applications, and high-performance computing needs. Rack servers, the most common type, account for a significant market share due to their suitability for enterprises with fixed requirements. SMEs also favor rack servers for their space efficiency and scalability. The data center server infrastructure segment has grown significantly in the past five years and is expected to continue expanding through technology refresh cycles and the building of new data centers, including green, colocation, and hyperscale data centers.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

The Data Center IT Equipment Market is experiencing significant growth, driven by various factors in the food industry. The plastic segment is a major contributor, with its widespread use in food packaging, particularly in the household sector and fast food consumption. However, the coronavirus pandemic has led to a shift towards biodegradable plates and other sustainable packaging solutions. Westernization and urbanization are also driving the demand for disposable plates, with takeaway food chains, roadside vendors, and foodservice delivery apps becoming increasingly popular. Millennials, with their preference for convenience and sustainability, are a key demographic. Manufacturing businesses and the food delivery industry are major sales channels, with industry sources reporting strong growth. Product innovations, such as customized disposable plates, are also gaining traction. Driving factors include environmental concerns, sustainability, hygiene, and safety, while restraints include cost and availability of biodegradable materials.

Market Research Overview

The Data Center IT Equipment Market is experiencing significant growth due to the increasing demand for sustainable and eco-friendly solutions in various industries. One such segment that is gaining traction is the use of biodegradable plates in the foodservice industry. The household sector, fast food consumption, and takeaway food chains are major contributors to the Foodservice Disposables Market. The coronavirus pandemic has further accelerated the shift towards contactless food delivery and takeout, fueling the demand for biodegradable plates. Urbanization and Westernization have led to an increase in the number of commercial places, hotels, and restaurants, driving the sales of disposable plates. The foodservice industry, including roadside vendors and events, also contributes to the market’s growth. The millennial consumers’ preference for convenience and sustainable practices, along with environmental concerns, are key driving factors. Product innovations, such as biodegradable and customized disposable plates, are trending in the market. However, the environmental impact and sturdiness and durability of biodegradable plates are restraint factors. The food delivery industry, including food delivery apps, is also a significant contributor to the market’s growth. Industry sources suggest that the market is expected to continue its upward trajectory due to the changing consumer lifestyles and the growing importance of sustainability. Manufacturing businesses are investing in research and development to create more sustainable and eco-friendly solutions for the foodservice industry.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductServer EquipmentStorage EquipmentNetwork EquipmentOthersEnd-userIT And TelecommunicationBFSIGovernment And PublicHealthcareOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/data-center-it-equipment-market-to-grow-by-usd-73-6-million-2024-2028-driven-by-multi-cloud-adoption-and-5g-network-upgrades-ais-impact-on-trends—technavio-302355366.html

SOURCE Technavio

Continue Reading

Technology

ST Engineering iDirect and MBSat Partner to Build Next-Generation Sovereign Connectivity Services Across Oman and the Middle East

Published

on

By

Intuition ground system selected to support MBSat’s planned 2027 service launch, enabling accelerated deployment, dynamic resource management and scalable service growth

HERNDON, Va., Oct. 25, 2026 /PRNewswire/ — ST Engineering iDirect today announced a strategic partnership with Mohammed Al Barwani Satellite Company (MBSat), part of Mohammed Al Barwani Group, to provide the ground system technology foundation for MBSat’s next-generation satellite gateway and network operations across Oman and the wider Middle East region. Intuition will provide a flexible, software-defined foundation to support sovereign connectivity services, enabling efficient service deployment, dynamic resource management and scalable network operations.

Intuition will deliver a turnkey ground segment solution that accelerates deployment, simplifies operations and gives MBSat the flexibility to scale services as demand grows. The software-defined platform enables dynamic resource management, service automation and seamless integration with existing and future operational systems. The solution also includes Ka-band gateway infrastructure, service provisioning and management capabilities, open API integration frameworks, training and full-lifecycle support. Together, these capabilities will help MBSat launch and operate services efficiently while adapting to evolving market requirements.

The network will leverage capacity from MB Sat-1, a sovereign MicroGEO satellite, with planned service launch in 2027, to support flexible, scalable connectivity services across the region.

The partnership reflects growing investment in sovereign communications infrastructure across the Middle East as operators seek greater control over service delivery, network expansion and long-term technology evolution.

“This partnership represents an important milestone in our efforts to build an advanced satellite communications platform in Oman and the region,” said Ammar Al Rawahi, General Manager, MBSat. “Through our collaboration with ST Engineering iDirect, we are establishing the technical infrastructure required to launch services efficiently, respond to evolving customer needs and expand into new markets, supporting the sustainable long-term growth of our business.”

“We are providing MBSat with a flexible, software-defined ground platform that integrates with its existing operational environment,” said Sridhar Kuppanna, Chief Executive Officer, ST Engineering iDirect. “This enables more efficient service deployment and operations today, with the flexibility to scale, introduce new capabilities and evolve as requirements change.”

About ST Engineering iDirect

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications, providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their networks. Through its portfolio of ground infrastructure, intelligent networking and advanced satellite communications solutions, the company supports operators, service providers, governments and enterprises worldwide.

View original content to download multimedia:https://www.prnewswire.com/news-releases/st-engineering-idirect-and-mbsat-partner-to-build-next-generation-sovereign-connectivity-services-across-oman-and-the-middle-east-302918467.html

SOURCE ST Engineering iDirect

Continue Reading

Technology

ST Engineering iDirect and MBSat Partner to Build Next-Generation Sovereign Connectivity Services Across Oman and the Middle East

Published

on

By

Intuition ground system selected to support MBSat’s planned 2027 service launch, enabling accelerated deployment, dynamic resource management and scalable service growth

HERNDON, Va., Oct. 25, 2026 /PRNewswire/ — ST Engineering iDirect today announced a strategic partnership with Mohammed Al Barwani Satellite Company (MBSat), part of Mohammed Al Barwani Group, to provide the ground system technology foundation for MBSat’s next-generation satellite gateway and network operations across Oman and the wider Middle East region. Intuition will provide a flexible, software-defined foundation to support sovereign connectivity services, enabling efficient service deployment, dynamic resource management and scalable network operations.

Intuition will deliver a turnkey ground segment solution that accelerates deployment, simplifies operations and gives MBSat the flexibility to scale services as demand grows. The software-defined platform enables dynamic resource management, service automation and seamless integration with existing and future operational systems. The solution also includes Ka-band gateway infrastructure, service provisioning and management capabilities, open API integration frameworks, training and full-lifecycle support. Together, these capabilities will help MBSat launch and operate services efficiently while adapting to evolving market requirements.

The network will leverage capacity from MB Sat-1, a sovereign MicroGEO satellite, with planned service launch in 2027, to support flexible, scalable connectivity services across the region.

The partnership reflects growing investment in sovereign communications infrastructure across the Middle East as operators seek greater control over service delivery, network expansion and long-term technology evolution.

“This partnership represents an important milestone in our efforts to build an advanced satellite communications platform in Oman and the region,” said Ammar Al Rawahi, General Manager, MBSat. “Through our collaboration with ST Engineering iDirect, we are establishing the technical infrastructure required to launch services efficiently, respond to evolving customer needs and expand into new markets, supporting the sustainable long-term growth of our business.”

“We are providing MBSat with a flexible, software-defined ground platform that integrates with its existing operational environment,” said Sridhar Kuppanna, Chief Executive Officer, ST Engineering iDirect. “This enables more efficient service deployment and operations today, with the flexibility to scale, introduce new capabilities and evolve as requirements change.”

About ST Engineering iDirect

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications, providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their networks. Through its portfolio of ground infrastructure, intelligent networking and advanced satellite communications solutions, the company supports operators, service providers, governments and enterprises worldwide.

View original content to download multimedia:https://www.prnewswire.com/news-releases/st-engineering-idirect-and-mbsat-partner-to-build-next-generation-sovereign-connectivity-services-across-oman-and-the-middle-east-302918467.html

SOURCE ST Engineering iDirect

Continue Reading

Technology

Global Security & Technology Summit Unveils Month-Long Program of Activities Ahead of December Event

Published

on

By

RIYADH, Saudi Arabia, Oct. 24, 2026 /PRNewswire/ — The Organizing Committee of the Global Security & Technology Summit (GSTS) held an introductory session today at the Ministry of Interior’s headquarters in Riyadh, bringing together representatives from the government, private, and nonprofit sectors to introduce the program of activities leading up to the summit. The upcoming summit will be held in Riyadh under the patronage of HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, under the supervision of HRH Prince Abdulaziz bin Saud bin Naif bin Abdulaziz Al Saud, Minister of Interior, and organized by the Ministry of Interior in cooperation with Tuwaiq Academy.

During the session, the Organizing Committee presented the comprehensive GSTS program, comprising three key components: GSTS Month, running from November 1 to 30, 2026; the Global Security & Innovation Fair (SAIF), taking place from November 24 to 26, 2026; and the main Summit, scheduled for December 18 to 20, 2026, in Riyadh. Together, these events form an integrated program designed to advance security and technology innovation, strengthen national capabilities, and foster international cooperation.

GSTS Month will feature working groups, boot camps, training programs, knowledge-sharing sessions, and technical workshops across Saudi Arabia’s 13 administrative regions, delivered both in person and remotely in collaboration with specialized entities. The month-long program aims to develop national capabilities, identify emerging talent, enrich knowledge-sharing opportunities, and equip professionals with the knowledge and skills needed to develop innovative solutions to future security and technology challenges.

The main Summit will bring together global leaders, decision-makers, experts, and innovators to explore the future of security and technology, promote the integration of advanced technologies within the security sector, strengthen national capabilities, support innovation, and foster international cooperation, further positioning the Kingdom as a global hub for security and technology.

Showcasing the latest technological breakthroughs and security solutions, the summit will bring together government entities, private sector organizations, academic institutions, and research centers to facilitate knowledge exchange and collaboration across key fields, including cybersecurity, artificial intelligence (AI), the Internet of Things (IoT), smart security solutions, emerging technologies, and crisis management. The program will also feature main sessions, specialized discussions, and interactive exhibitions. Registration is available at gsts.sa.

Advisor to HRH the Minister of Interior and Chairman of the GSTS Organizing Committee, Ahmed Altowayan, stated that the summit builds on Saudi Arabia’s efforts to establish an advanced security and technology ecosystem focused on knowledge and innovation, keeping pace with rapid developments and future challenges.

Mr. Altowayan noted that the summit is a global platform for strengthening cooperation and exchanging expertise, anticipating future developments in security and technology, and developing strategic partnerships and innovative solutions that enhance the efficiency and readiness of security systems.

Vice Chairman of the GSTS Organizing Committee, Eng. Abdulaziz Alhammadi, said that the summit will offer a range of integrated programs and activities focused on enhancing national skills, encouraging innovation, and supporting international cooperation.

He added that GSTS Month will help build national capabilities, discover talent, and develop skills, with SAIF providing a platform for innovators and researchers from around the world to showcase leading technological solutions, while the main Summit will bring together leaders and experts to discuss the future of security and technology and explore new strategic partnership opportunities.

SAIF will take place at the Riyadh International Convention & Exhibition Center, bringing together innovators, researchers, technology talents, and industry experts from around the world to showcase promising innovations and projects across 14 fields of technology and innovation. The fair will provide opportunities to engage with project owners, including students, graduates, and entrepreneurs, and explore the different stages of innovation development through interactive zones, panel discussions on emerging security and innovation trends, and knowledge-sharing workshops led by specialists. Visitor registration is open to participants from within and outside the Kingdom through saifair.sa.

The introductory session also featured contributions from representatives of government, private, and nonprofit sector entities, alongside members of the media. Discussions focused on developing national capabilities in security and technology, strengthening students’ technical expertise, translating scientific research into practical solutions, and supporting Saudi companies in developing security and technology solutions and advancing digital transformation.

Organized by the Ministry of Interior in cooperation with Tuwaiq Academy, GSTS is produced by Tahaluf, with the Ministry of Education serving as Strategic Scientific Partner, Tahakom as Founding Partner, and Elm as Principal Partner.

Registration for participants from within and outside the Kingdom is available at gsts.sa.

Click here to view the media kit. 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/global-security–technology-summit-unveils-month-long-program-of-activities-ahead-of-december-event-302918695.html

Continue Reading

Trending