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The data center outsourcing market will reach an estimated value of USD 320.65 billion by 2028 and grow at a CAGR of 5.05% in the forecast period of 2021 to 2028. Rise in the growth in preference for shared infrastructural services is a crucial factor accelerating the market growth, also rise in the growth of numerous industries resulting in greater demand for virtual storage services, increase in the levels of expenditure incurred on various IT services and business technology services and rise in the research and development activities in the market are the major factors among others boosting the data center outsourcing market. Data center outsourcing is the process in which an enterprise outsources its IT infrastructure and management to third-party vendors that have expertise in deploying and maintaining data center outsourcing facilities.