Data Center Market Expansion: USD 292.91 Billion in 2023 to USD 536.28 Billion by 2030 at a 10.72% CAGR

According to a report by Exactitude Consultancy, top companies covered include: Alphabet Inc., Com Inc., Digital Realty, Equinix Inc.

LUTON, BEDFORDSHIRE, UNITED KINGDOM, August 23, 2024 /EINPresswire.com/ -- 𝐓𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐃𝐚𝐭𝐚 𝐂𝐞𝐧𝐭𝐞𝐫¹ 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐚𝐧𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐟𝐫𝐨𝐦 𝐔𝐒𝐃 𝟐𝟗𝟐.𝟗𝟏 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑 𝐭𝐨 𝐔𝐒𝐃 𝟓𝟑𝟔.𝟐𝟖 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟎, 𝐚𝐭 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟏𝟎.𝟕𝟐% 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝. Hyper-scalability, sustainability, and automation for contemporary corporate processes are some of the benefits of data centers.

The increasing need for cloud computing is driving up demand for data centers. Companies are moving to software, processing, and storage in the cloud, which is increasing demand for multi-tenant data centers to house these services. The data center industry is growing due to the emergence of big data and IoT. Massive volumes of data generated by devices and apps need to be stored, managed, and analyzed, which is why data centers are essential.

The demand for data centers is driven by the rise in digital content and eCommerce. Businesses require a robust data center infrastructure to manage their digital platforms and services as more consumer’s shop online and stream media. Investment in data center solutions is a result of data privacy and security regulations. To comply with stringent data protection standards, businesses need data center infrastructures that are dependable and secure.

𝐆𝐞𝐭 𝐭𝐡𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐃𝐚𝐭𝐚 𝐂𝐞𝐧𝐭𝐫𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @:

https://exactitudeconsultancy.com/reports/36044/data-center-market/#request-a-sample

𝐃𝐚𝐭𝐚 𝐂𝐞𝐧𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

𝑹𝒊𝒔𝒊𝒏𝒈 𝑫𝒆𝒎𝒂𝒏𝒅 𝑨𝒎𝒐𝒏𝒈 𝑺𝑴𝑬𝒔

The market is segmented into large, medium-sized, and small firms. The large enterprise category continues to hold the greatest share of the market because of the increasing integration of cutting-edge business technologies like big data and data analytics, which influences their need for the storage of huge amounts of data being created every day. This is one of the main reasons for the market's growth—foreign companies choose to select corporate data centers with high levels of data security.

𝑻𝒉𝒆 𝒎𝒂𝒓𝒌𝒆𝒕 𝒊𝒔 𝒈𝒓𝒐𝒘𝒊𝒏𝒈 𝒃𝒆𝒄𝒂𝒖𝒔𝒆 𝒎𝒐𝒓𝒆 𝒂𝒅𝒗𝒂𝒏𝒄𝒆𝒅 𝒕𝒆𝒄𝒉𝒏𝒐𝒍𝒐𝒈𝒊𝒆𝒔 𝒂𝒓𝒆 𝒃𝒆𝒊𝒏𝒈 𝒂𝒅𝒐𝒑𝒕𝒆𝒅.

The market is expanding at a substantially faster rate due to the implementation of cutting-edge technologies like artificial intelligence (AI), machine learning, and big data, as well as the increasing penetration of data-generating devices like wearables, smartphones, Internet of Things (IoT) sensors, and remote patient monitoring devices. Large volumes of data are being analyzed and managed by businesses using data analysis tools. These technologies may reveal insights and patterns about the company's performance, market trends, and customer preferences.

𝐃𝐚𝐭𝐚 𝐂𝐞𝐧𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐅𝐚𝐜𝐭𝐨𝐫𝐬

The demand for cloud computing services is rising globally, which is driving data center construction.

Strong data center infrastructure is required due to the increasing significance of big data analytics.

The market is growing as a result of companies pursuing digital transformation projects, which is driven by changing customer expectations and business models.

the movement toward edge computing as a means of improving real-time data analysis, reducing latency, and handling dispersed data processing.

Sustainable Methods: Growing emphasis is being placed on environmentally and energy-efficient data center solutions, in line with company sustainability objectives.

Hybrid Cloud Configurations: An increase in the use of hybrid cloud techniques, which combine cloud and on-premises resources for optimal performance and increased flexibility.

Possibilities for businesses tasked with enlarging the infrastructure of current data centers to accommodate rising demand.

𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐃𝐚𝐭𝐚 𝐂𝐞𝐧𝐭𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 @:

https://exactitudeconsultancy.com/reports/36044/data-center-market/

𝐃𝐚𝐭𝐚 𝐂𝐞𝐧𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐨𝐩 𝐏𝐥𝐚𝐲𝐞𝐫’𝐬

Alphabet Inc., Com Inc., Digital Realty, Equinix Inc., Hewlett Packard Enterprise, IBM Corporation, Microsoft, NTT Communication Corporation, Oracle, Sap Se, Eaton Corporation Plc, Schneider Electric Se, General Electric Company, Carrier Global Corporation, Siemens Ag, LG Electronics Inc., Fujitsu Limited, Mitsubishi Electric Corporation, Cisco System Inc, Hewlett-Packard Inc

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

NTT opened a new data center in India in 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟐𝟎𝟐𝟒. In order to minimize latency, the facility is connected to other NTT data center locations in a carrier-neutral manner and offers convenient access to top public cloud providers.

Akamai Technologies Inc. announced in 𝐉𝐮𝐥𝐲 𝟐𝟎𝟐𝟑 the opening of three new cloud data center locations: Paris, Washington, D.C.; Chicago; and Seattle and Chennai, India. In addition, Akamai added additional premium instance types to further improve its cloud infrastructure.

In 𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟐, Microsoft declared the opening of its latest datacenter region in Qatar. This represented a significant achievement as the primary hyperscale cloud provider to deliver top-tier services in the nation. These state-of-the-art data centers are now operational, offering Microsoft Azure and Microsoft 365 services to customers.

𝐃𝐚𝐭𝐚 𝐂𝐞𝐧𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭

Solution: Infrastructure Solutions includes servers, storage systems, networking equipment, and power & cooling systems. These are essential for the physical setup and functioning of data centers. Software Solutions includes data center management software, virtualization software, and network management tools. These solutions help in optimizing operations, monitoring performance, and ensuring security.

Services: Professional Services: Includes consulting, installation, and integration services. Professional services are crucial for designing and setting up data centers according to specific requirements. Managed Services: Includes services such as monitoring, maintenance, and support. Managed services help in ensuring the smooth operation of data centers and minimizing downtime.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐓𝐲𝐩𝐞

Colocation data centers offer space, power, and cooling for servers and other hardware from multiple businesses. Companies rent space in these facilities rather than owning their own. Growth Drivers: Cost efficiency, scalability, and reduced CAPEX for businesses. The demand is increasing among businesses looking for flexible and scalable infrastructure without heavy upfront investments.

Hyperscale data centers are large-scale facilities operated by cloud service providers (like Amazon Web Services, Microsoft Azure) and are designed for massive scale and efficiency. Growth Drivers: The rise in cloud services and big data analytics is driving the growth of hyperscale data centers. They offer high efficiency, large-scale capacity, and advanced technologies.

Edge data centers are designed to bring data processing closer to the source of data generation, such as IoT devices or remote locations. Growth Drivers: Increasing demand for low-latency processing and real-time data analysis is driving the growth of edge data centers. They are crucial for applications requiring quick data retrieval and processing.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐄𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞 𝐒𝐢𝐳𝐞

Large Enterprises often have significant data processing and storage needs, leading them to build or lease large-scale data center facilities. High volume of data, need for high availability, and disaster recovery capabilities drive the demand for large data centers. These enterprises often invest in advanced infrastructure and technologies.

Small & Medium Enterprises (SMEs) typically seek cost-effective data center solutions, often opting for colocation or managed services to reduce their capital and operational expenditures. Growing adoption of cloud services and managed data center solutions among SMEs as they look for scalable and flexible options without heavy investment in physical infrastructure.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫

BFSI (Banking, Financial Services, and Insurance) sector requires high security, reliability, and compliance with regulations. Data centers are essential for handling financial transactions, data processing, and storage. Increasing digital transactions, regulatory requirements, and the need for data security drive demand in this sector.

IT & Telecom Data centers support telecommunications infrastructure and IT services, including cloud computing and data storage. Government agencies require secure and reliable data centers for handling sensitive information and providing public services.

Energy & Utilities sector uses data centers for managing operations, monitoring systems, and handling large volumes of data from sensors and devices. The need for real-time data processing and efficient management of large-scale operations is driving the demand in this sector.

𝐃𝐚𝐭𝐚 𝐂𝐞𝐧𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

𝐈𝐧 𝟐𝟎𝟐𝟐, North America held the biggest market share, around 40%. Data centers are becoming more and more necessary to support cloud computing, e-commerce, online services, and other digital projects as the region's digital economy grows. Because of its flexibility, cloud services are frequently used in North America. In order to grow its infrastructure, cloud providers require additional data centers. In order to store, handle, and evaluate this data, data centers are required.

During the projection period, Asia-Pacific is anticipated to grow at the fastest rate, with a CAGR of almost 13%. Among the sectors in Asia Pacific that are digitizing the fastest are finance, healthcare, manufacturing, and retail. Data centers must facilitate cloud computing, IoT, AI, and other technology initiatives as part of this digital transition. The expanding Asia-Pacific eCommerce market requires data centers to handle online transactions, inventories, and consumer information while offering a smooth and effective shopping experience.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧𝐭𝐨 𝐃𝐚𝐭𝐚 𝐂𝐞𝐧𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭

In this section, we provide a breakdown of the Data Centre Market into segments based on different criteria, including the type of analysis, industry verticals, and geographic regions.

Data Center Market by Component

Solution

Services

 Data Center Market by Type

Colocation

Hyperscale

Edge

Others

Data Center Market by Enterprise Size

Large Enterprises

Small & Medium Enterprises (SMEs)

Data Center Market by End User

BFSI

IT & Telecom

Government

Energy & Utilities

Others

𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐃𝐚𝐭𝐚 𝐂𝐞𝐧𝐭𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:

What is the present Data Centre market size in terms of revenue and volume, and how much growth is expected during the forecast period?

Which are the key developments that are anticipated to stimulate Data Centre market trends?

Which factors will trigger product demand and how much product consumption is estimated?

What are the upcoming business opportunities and restraints?

Which region will dominate the global Data Centre market share?

𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐅𝐚𝐫𝐦 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭

The global farm equipment market is expected to grow at 4.02% CAGR from 2024 to 2030. It is expected to reach above USD 131.04 billion by 2028 from USD 122.00 billion in 2019.

https://exactitudeconsultancy.com/reports/1861/farm-equipment-market/

𝐏𝐨𝐰𝐞𝐫 𝐒𝐞𝐦𝐢𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭

The power semiconductor market is expected to grow at 6.30% CAGR from 2024 to 2030. It is expected to reach above USD 97.33 billion by 2029 from USD 59.7 billion in 2020.

https://exactitudeconsultancy.com/reports/22072/power-semiconductor-market/

𝐅𝐚𝐜𝐚𝐝𝐞 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The global Facade Systems Market is expected to grow at a 3.99% CAGR from 2020 to 2029. It is expected to reach above USD 398.8 billion by 2029 from USD 280.4 billion in 2020.

https://exactitudeconsultancy.com/reports/6332/facade-systems-market/

𝐀𝐝 𝐓𝐞𝐜𝐡 𝐌𝐚𝐫𝐤𝐞𝐭

The global Ad tech market size is projected to grow from USD 579.4 billion in 2023 to USD 1494.92 billion by 2030, exhibiting a CAGR of 14.5% during the forecast period.

https://exactitudeconsultancy.com/reports/40593/ad-tech-market/

𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The global medical coatings market size is expected to grow at more than 18.6% CAGR from 2024 to 2030. It is expected to reach above USD 28.10 billion by 2028 from a little above USD 6.00 billion in 2019.

https://exactitudeconsultancy.com/reports/1410/medical-coatings-market/

𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧 𝐒𝐞𝐧𝐬𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭

The position sensor market is expected to grow at 9.5 % CAGR from 2024 to 2030. It is expected to reach above USD 10.29 billion by 2029 from USD 5.97 billion in 2021.

https://exactitudeconsultancy.com/reports/27890/position-sensor-market/

𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐢𝐧𝐠 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭

Beverage processing equipment market size was valued at USD 20.7 billion in 2020 and is projected to reach USD 32.94 billion by 2029, growing at a CAGR of 5.30% from 2024 to 2030.

https://exactitudeconsultancy.com/reports/6467/beverage-processing-equipment-market/

𝐅𝐨𝐜𝐮𝐬𝐞𝐝 𝐈𝐨𝐧 𝐁𝐞𝐚𝐦 𝐌𝐚𝐫𝐤𝐞𝐭

The global Focused Ion Beam Market is projected to reach USD 1.70 billion by 2029 from USD 0.88 billion in 2020, at a CAGR of 7.6 % from 2020 to 2029.

https://exactitudeconsultancy.com/reports/8922/focused-ion-beam-market/

𝐃𝐫𝐨𝐧𝐞 𝐏𝐚𝐲𝐥𝐨𝐚𝐝 𝐌𝐚𝐫𝐤𝐞𝐭

The global drone payload market was valued at 8.96 billion in 2022 and is projected to reach 25.71 billion by 2030, growing at a CAGR of 16.25% from 2024 to 2030

https://exactitudeconsultancy.com/reports/20467/drone-payload-market/

𝐕𝐚𝐜𝐜𝐢𝐧𝐞 𝐆𝐥𝐚𝐬𝐬 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

The global Vaccine Glass Packaging Market is expected to grow at 11% CAGR from 2024 to 2030. It is expected to reach above USD 2.81 billion by 2030 from USD 1.1 billion in 2020.

https://exactitudeconsultancy.com/reports/4310/vaccine-glass-packaging-market/

𝑾𝒆 𝒐𝒇𝒇𝒆𝒓 𝒄𝒖𝒔𝒕𝒐𝒎𝒊𝒛𝒂𝒕𝒊𝒐𝒏 𝒐𝒏 𝒕𝒉𝒆 𝑩𝒆𝒗𝒆𝒓𝒂𝒈𝒆 𝑷𝒂𝒄𝒌𝒂𝒈𝒊𝒏𝒈 𝒎𝒂𝒓𝒌𝒆𝒕 𝒓𝒆𝒑𝒐𝒓𝒕 𝒃𝒂𝒔𝒆𝒅 𝒐𝒏 𝒔𝒑𝒆𝒄𝒊𝒇𝒊𝒄 𝒄𝒍𝒊𝒆𝒏𝒕 𝒓𝒆𝒒𝒖𝒊𝒓𝒆𝒎𝒆𝒏𝒕𝒔:

https://exactitudeconsultancy.com/primary-research/

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¹ https://exactitudeconsultancy.com/reports/36044/data-center-market/