Equinix Inc EQIX

GCC Data Center Market Outlook 2024-2032

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According to the latest research report, the GCC data center market size reached US$ 1.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 14.5 Billion by 2032, exhibiting a growth rate (CAGR) of 16.9% during 2024-2032.

The market is currently being primarily driven by the expanding information technology (IT) sector and the increasing adoption of hybrid- and multi-cloud architecture solutions. Additionally, the ongoing demand for automated solutions and reduced latency in data transfers, especially with the increasing popularity of smart devices, is continuously creating a positive outlook for the regional market. Furthermore, the escalating volumes of data generated from over-the-top (OTT) services and social media platforms are continually increasing the need for reliable data centers, thereby propelling the ongoing growth of the market.

Explore full report with Table of Contents:- https://www.imarcgroup.com/gcc-data-center-market