Data Centers Market (Type - Mega/ Hyperscale Data Centers, Colocation Data Centers, Cloud Data Centers, Enterprise Data Centers, and Other Types; Construction - Newly Built Data Centers, and Rebuilt Data Centers; Infrastructure - Network, Server, and Storage; Services - Consulting, and Integration; End User - BFSI, IT & Telecom, Government, Energy & Utilities, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

Data Centers Market (Type - Mega/ Hyperscale Data Centers, Colocation Data Centers, Cloud Data Centers, Enterprise Data Centers, and Other Types; Construction - Newly Built Data Centers, and Rebuilt Data Centers; Infrastructure - Network, Server, and Storage; Services - Consulting, and Integration; End User - BFSI, IT & Telecom, Government, Energy & Utilities, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

Report Code: IGR01484 Category: Electronics, ICT & Semiconductors Published: January, 2024

A recent report published by Infinium Global Research on data centers market provides in-depth analysis of segments and sub-segments in the global as well as regional data centers market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional data centers market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global data centers market.

Market Insight:

The global data centers market was valued at USD 194.58 billion in 2022 and is expected to reach USD 499.48 billion in 2030, with a CAGR of 10.88% during the forecast period 2023-2030.

Data centers are involved facilities that operate in-house network computers and storage devices, offering essential hubs for enterprises to store, organize, process, and disseminate massive amounts of data. Data centers play a crucial role in hosting the critical system necessary for the daily operations of businesses and other organizations. Including various IT equipment such as servers, firewalls, storage sub-systems, routers, networking switches, and physical racks for organizations, data centers are crucial for seamless connectivity and efficient functioning. Beyond IT infrastructure, these centers require robust facilities for power distribution, backup power systems, cooling, telecommunication connectivity, and ventilation to ensure uninterrupted operations. Various necessary components support the IT of modern enterprises such as banking, financial institutions, government, healthcare, ITES, and retail data centers.

Increasing adoption of cloud computing, digitization, and virtualization by major enterprises globally drives the growth of the global data centers market. The global data centers market is experiencing robust growth propelled by the widespread adoption of cloud computing, digitization, and virtualization among major enterprises worldwide. This adoption replicates a business shift towards more efficient and scalable infrastructure solutions. As businesses progressively depend on these technologies for enhanced operational proficiencies, the demand for data centers continues to increase. This adoption is reshaping the global landscape, with organizations recognizing the strategic importance of advanced data management systems. The ongoing evolution towards cloud-based solutions and digital transformation highlights the essential role data centers play in facilitating modern business operations on a global scale. Additionally, increasing global IP traffic due to the improving broadband and other internet mediums and the growing usage of social media as well as content-based online media services are driving the growth of the data centers market. The data centers market is experiencing significant growth driven by the rising global IP traffic, driven by improved broadband connectivity, and increased application of social media and content-based online services. As internet mediums continue to improve, the increase in data consumption highlights the crucial role data centers play in managing and facilitating this growing digital ecosystem. However, the rise in cyber-attacks related to data privacy may hinder the growth of the market. The growth of the market is expected to be hampered by the increasing challenges associated with data privacy. Increased dependence on digital systems for work, education, entertainment, and daily transactions increases weakness in cybersecurity breaches. The sophistication of cyberattacks has led to an increase in public data breach incidents in recent years. Moreover, the growing demand for advanced data management solutions presents a significant opportunity for the data centers market. As industries worldwide increasingly embrace cloud computing, virtualization, and digitization, there is a growing need for scalable and efficient data infrastructure. Data centers play an essential role in meeting these demands by providing robust storage, processing, and connectivity solutions.

Global data centers market Size, Share, Trends, Industry Rep | IGR

Among geographies, North America dominates the global data centers market with more than 30% share, followed by Europe. The presence of a large number of global service providers, early adoption of technology, and the increasing number of installations are the major factors that drive the growth of the North American data center market. Increasing demand for data centers from enterprises for integrating cloud services in France, Germany, Holland, and The UK drive the European data centers market. Moreover, the need for renovation or up-gradation of existing data centers increases the growth of the European market. However, the Asia-Pacific is anticipated to be the fastest-growing market in terms of CAGR during the forecast period. Increasing demand for new technologies for data analytics, mobile analytics, and cloud services drives the growth of the Asia-Pacific data centers market. Moreover, the demand for data centers from corporate enterprises, governments, and telecommunication companies, along with the increasing capacity building by major local and International data center service providers further increases the growth of the Asia-Pacific market.

Report Scope of the Data Centers Market:

Report Coverage Details
Market Size in 2022 USD 194.58 Billion
Market Size by 2030 USD 499.48 Billion
Growth Rate from 2023 to 2030 CAGR of 10.88%
Largest Market North America
No. of Pages 350
Market Drivers
  • Increasing adoption of cloud computing, digitization, and virtualization by major enterprises globally drives the growth of the global data centers market.

  • Increasing global IP traffic due to the improving broadband and other internet mediums and the growing usage of social media as well as content-based online media services are driving the growth of the data centers market.

Market Segmentation By Type, By Construction, By Infrastructure, By Services, and By End User
Regional Scope North America, Europe, Asia Pacific, and RoW

Segment Covered

The report on global data centers market covers segments such as type, construction, infrastructure, services, and end user. On the basis of type, the sub-markets include mega/ hyperscale data centers, colocation data centers, cloud data centers, enterprise data centers, and other types. On the basis of construction, the sub-markets include newly built data centers, and rebuilt data centers. On the basis of infrastructure, the sub-markets include network, server, and storage. On the basis of services, the sub-markets include consulting, and integration. On the basis of end user, the sub-markets include bfsi, it & telecom, government, energy & utilities, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Amazon Web Services, Inc., Microsoft, Equinix, Inc., Cisco Systems, Inc., Digital Realty Trust, Lenovo, IBM Corporation, Hewlett Packard Enterprise Development LP, Meta, and Alphabet Inc..

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the data centers market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


Frequently Asked Questions (FAQ's)

The global data centers market was valued at USD 194.58 Billion in 2022.
It is likely to grow at a CAGR of 10.88% during the forecast period 2023-2030.
The global data centers market is estimated to reach USD 499.48 Billion by the end of 2030.
North America is anticipated to exhibit high demand for data centers market during the forecast period.
Amazon Web Services, Inc., Microsoft, Equinix, Inc., Cisco Systems, Inc., Digital Realty Trust, Lenovo, IBM Corporation, Hewlett Packard Enterprise Development LP, Meta, and Alphabet Inc..
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