Data Center Market size was valued at US$ 141.16 Bn. in 2022 and the total revenue is expected to grow at 26% through 2023 to 2029, reaching nearly US$ 711.72 Bn.Data Center Market Overview:
Data Center is a physical facility used to house the critical application and data that organizations implement. The design of the data center is based on a network of computing and storage resources that enable the delivery of shared applications and data. Routers, switches, firewalls, storage systems, servers, and application delivery controllers are key components of data center design. Organizations are outsourcing their data operations to third-party providers that specialize in data center operations.To know about the Research Methodology :-Request Free Sample Report
Data Center Market Dynamics:
Increase in investments toward planning and development of new data centers and capacity expansion of existing facilities by hyperscalers. The increase in the number of hyper scalers will positively impact the data center market. Increase in demand for public cloud services and rise in service-based offerings, the construction of infrastructure for 5G and IoT technologies, and advanced technologies usages such as AL, ML, and big data. These factors are expected to drive market growth. The rise in the adoption of multi-cloud and network upgrades to support 5G will contribute to the growth of the data center market. The rising importance of e-commerce databases is the primary factor contributing to the growth of the global data center market. E-commerce companies use data center’s to store and transfer these data sets for various organizational operations such as branding, promotions, etc. The increasing adoption of SaaS cloud solutions has created beneficial opportunities for market growth for the data center market. The use of hybrid and multi-cloud networks is becoming ever less common in private data. Centers as companies are moving to colocation solutions. The high cost of data center construction is one of the restraining factors for market growth. Installations for server cooling, storage, and networking equipment can be ridiculously costly with new interruptible power systems (UPS), battery plants, diesel generators, and HVAC systems. Market trends and challenges are analyzed and compiled in the report. The data of 2022 is considered for a better understanding of the client. Moreover, Analytics of the market is based on real numbers of past years from 2018 to 2022 with market forecast until 2029.Data Center Market Segment Analysis:
By Type, Hyperscale data center dominated the market with a 40 % share in 2022. Maximizing cooling efficiency, balanced workload, and automated facility are the major factors driving the growth of the market. Reducing the cost of data interruptions, minimizing downtime due to excessive demands, etc., ability to scale up when demand is great and scale down when demand is low are factors. Hyperscale data center offers a wide array of applications in various industries, namely IT & telecom, BFSI, government utilities, healthcare, energy, manufacturing, and others. The cloud segment is expected to grow at a CAGR of 5.4 % through the forecast period. The emerging cloud technology is driving market growth. It is more flexible because it can be accessed with different devices and it is easy to recover the lost data and high speed, which helps the other businesses to grow. By Application, the BFSI sector dominated the market with a 26% share in 2022. It has become the backbone of the BFSI sector. It provides IT Service Management (ITSM) that manages the IT tools and applications, inventory, service lifecycle, and monitoring performance, of all assets in the DC; Datacenter Facility Management (DCFM), managing the Interdependent electrical network along with HVAC, UPS's, DGSET's, Rack's, iPDU's, etc. effortlessly. IT & Telecom is expected to grow at a CAGR of 7 % through the CAGR period. Modern data centers have become a crucial part of the IT infrastructure. Storage, data centers are being designed to cover the demands of the clientele. It is important to re-architect the traditional data center infrastructure because any form of interruption in a data center can lead to a tremendous loss for the constitution of an organization. These factors are expected to drive the market growth through the forecast period By Deployment, On-Premise dominated the market with a 56.4% share in 2022. On-premises captures data from sensors across the data center infrastructure. An on-premises solution offers consistent and secure data collection, reporting, and alerting for an individual environment. The data gives administrators information related to infrastructure availability, airflow, power consumption, temperature, humidity, and security. These are the factors driving the market growth of the segment. Flexibility, Accessibility with different devices, unlimited computing power, lower IT expenditure, and easy access to data and application are the factors expected to drive the market growth through the forecast period.Regional Insights:
North America Dominated the data center market with a 35 % share in 2022. Owing to the huge presence of leading modular data center providers and the flourishing IT & telecom industry and surge in investments by key players as well as the government for developing the innovative are key factors for the growth of the data center market in this region. The increasing adoption of cloud services by enterprises across industries in the US and Canada will facilitate the data center market growth in North America over the forecast period. Asia Pacific is expected to grow at a GAGR of 6.7 % through the forecast period. Extensive development of 5G network infrastructure in the region and rise in the number of start-ups in the developing economies such as India, China, and South Korea are contributing the market growth. Major factors contributing to the market growth are rapid development in the banking sector of the major economies and growing demand for cloud service from small-, medium-, and large-segment enterprises and increased adoption of data center architecture and technologies. The objective of the report is to present a comprehensive analysis of the Data Center market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Data Center market dynamics, structure by analyzing the market segments and projecting the Data Center market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Data Center market make the report investor’s guide.Data Center Market Scope: Inquire before buying
Data Center Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 141.16 Bn. Forecast Period 2023 to 2029 CAGR: 26% Market Size in 2029: US $ 711.72 Bn. Segments Covered: by Industry IT & Telecom BFSI Energy Manufacturing Others by Type Traditional Cloud Hyperscale by Deployment On-Premise Cloud Data Center Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Key Players are:
1. Digital Realty 2. Nvidia 3. Oracle 4. Alphabet Inc. 5. Fujitsu Ltd 6. Reliance Group 7. Capgemini SE 8. HCL Technologies Limited 9. Sify Technologies Limited 10.IBM Corporation 11.Cisco Systems Inc. 12.Hewlett Packard Enterprise Company 13.Hitachi Ltd 14.Equinix Inc. 15.Huawei Technologies Co. Ltd 16.Schneider Electric SE 17.Vertiv Co.FAQ:
1] What segments are covered in the Data Center Market report? Ans. The segments covered in the Data Center Market report are based on Type, Industry, and Deployment. 2] Which region is expected to hold the highest share in the Data Center Market? Ans. Asia Pacific Region is expected to hold the highest share in the Data Center Market. 3] What is the market size of the Data Center Market by 2029? Ans. The market size of the Data Center Market by 2029 is US $ 711.72 Bn. 4] Who are the top key players in the Data Center Market? Ans. Digital Realty, Nvidia, Oracle, Alphabet Inc., Fujitsu Ltd, Reliance Group, Capgemini SE, HCL Technologies Limited, Sify Technologies Limited, IBM Corporation, Cisco Systems Inc., Hewlett Packard Enterprise Company, Hitachi Ltd, Equinix Inc., Huawei Technologies Co. Ltd, Schneider Electric SE, Vertiv Co. 5] What was the market size of the Data Center Market in 2022? Ans. The market size of the Data Center Market in 2022 was US $ 141.16 Bn.
1. Data Center Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Data Center Market: Dynamics 2.1. Data Center Market Trends by Region 2.1.1. North America Data Center Market Trends 2.1.2. Europe Data Center Market Trends 2.1.3. Asia Pacific Data Center Market Trends 2.1.4. Middle East and Africa Data Center Market Trends 2.1.5. South America Data Center Market Trends 2.2. Data Center Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Data Center Market Drivers 2.2.1.2. North America Data Center Market Restraints 2.2.1.3. North America Data Center Market Opportunities 2.2.1.4. North America Data Center Market Challenges 2.2.2. Europe 2.2.2.1. Europe Data Center Market Drivers 2.2.2.2. Europe Data Center Market Restraints 2.2.2.3. Europe Data Center Market Opportunities 2.2.2.4. Europe Data Center Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Data Center Market Drivers 2.2.3.2. Asia Pacific Data Center Market Restraints 2.2.3.3. Asia Pacific Data Center Market Opportunities 2.2.3.4. Asia Pacific Data Center Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Data Center Market Drivers 2.2.4.2. Middle East and Africa Data Center Market Restraints 2.2.4.3. Middle East and Africa Data Center Market Opportunities 2.2.4.4. Middle East and Africa Data Center Market Challenges 2.2.5. South America 2.2.5.1. South America Data Center Market Drivers 2.2.5.2. South America Data Center Market Restraints 2.2.5.3. South America Data Center Market Opportunities 2.2.5.4. South America Data Center Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Data Center Industry 2.8. Analysis of Government Schemes and Initiatives For Data Center Industry 2.9. Data Center Market Trade Analysis 2.10. The Global Pandemic Impact on Data Center Market 3. Data Center Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Data Center Market Size and Forecast, by Industry (2022-2029) 3.1.1. IT & Telecom 3.1.2. BFSI 3.1.3. Energy 3.1.4. Manufacturing 3.1.5. Others 3.2. Data Center Market Size and Forecast, by Type (2022-2029) 3.2.1. Traditional 3.2.2. Cloud 3.2.3. Hyperscale 3.3. Data Center Market Size and Forecast, by Deployment (2022-2029) 3.3.1. On-Premise 3.3.2. Cloud 3.4. Data Center Market Size and Forecast, by Region (2022-2029) 3.4.1. North America 3.4.2. Europe 3.4.3. Asia Pacific 3.4.4. Middle East and Africa 3.4.5. South America 4. North America Data Center Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Data Center Market Size and Forecast, by Industry (2022-2029) 4.1.1. IT & Telecom 4.1.2. BFSI 4.1.3. Energy 4.1.4. Manufacturing 4.1.5. Others 4.2. North America Data Center Market Size and Forecast, by Type (2022-2029) 4.2.1. Traditional 4.2.2. Cloud 4.2.3. Hyperscale 4.3. North America Data Center Market Size and Forecast, by Deployment (2022-2029) 4.3.1. On-Premise 4.3.2. Cloud 4.4. North America Data Center Market Size and Forecast, by Country (2022-2029) 4.4.1. United States 4.4.1.1. United States Data Center Market Size and Forecast, by Industry (2022-2029) 4.4.1.1.1. IT & Telecom 4.4.1.1.2. BFSI 4.4.1.1.3. Energy 4.4.1.1.4. Manufacturing 4.4.1.1.5. Others 4.4.1.2. United States Data Center Market Size and Forecast, by Type (2022-2029) 4.4.1.2.1. Traditional 4.4.1.2.2. Cloud 4.4.1.2.3. Hyperscale 4.4.1.3. United States Data Center Market Size and Forecast, by Deployment (2022-2029) 4.4.1.3.1. On-Premise 4.4.1.3.2. Cloud 4.4.2. Canada 4.4.2.1. Canada Data Center Market Size and Forecast, by Industry (2022-2029) 4.4.2.1.1. IT & Telecom 4.4.2.1.2. BFSI 4.4.2.1.3. Energy 4.4.2.1.4. Manufacturing 4.4.2.1.5. Others 4.4.2.2. Canada Data Center Market Size and Forecast, by Type (2022-2029) 4.4.2.2.1. Traditional 4.4.2.2.2. Cloud 4.4.2.2.3. Hyperscale 4.4.2.3. Canada Data Center Market Size and Forecast, by Deployment (2022-2029) 4.4.2.3.1. On-Premise 4.4.2.3.2. Cloud 4.4.3. Mexico 4.4.3.1. Mexico Data Center Market Size and Forecast, by Industry (2022-2029) 4.4.3.1.1. IT & Telecom 4.4.3.1.2. BFSI 4.4.3.1.3. Energy 4.4.3.1.4. Manufacturing 4.4.3.1.5. Others 4.4.3.2. Mexico Data Center Market Size and Forecast, by Type (2022-2029) 4.4.3.2.1. Traditional 4.4.3.2.2. Cloud 4.4.3.2.3. Hyperscale 4.4.3.3. Mexico Data Center Market Size and Forecast, by Deployment (2022-2029) 4.4.3.3.1. On-Premise 4.4.3.3.2. Cloud 5. Europe Data Center Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Data Center Market Size and Forecast, by Industry (2022-2029) 5.2. Europe Data Center Market Size and Forecast, by Type (2022-2029) 5.3. Europe Data Center Market Size and Forecast, by Deployment (2022-2029) 5.4. Europe Data Center Market Size and Forecast, by Country (2022-2029) 5.4.1. United Kingdom 5.4.1.1. United Kingdom Data Center Market Size and Forecast, by Industry (2022-2029) 5.4.1.2. United Kingdom Data Center Market Size and Forecast, by Type (2022-2029) 5.4.1.3. United Kingdom Data Center Market Size and Forecast, by Deployment(2022-2029) 5.4.2. France 5.4.2.1. France Data Center Market Size and Forecast, by Industry (2022-2029) 5.4.2.2. France Data Center Market Size and Forecast, by Type (2022-2029) 5.4.2.3. France Data Center Market Size and Forecast, by Deployment(2022-2029) 5.4.3. Germany 5.4.3.1. Germany Data Center Market Size and Forecast, by Industry (2022-2029) 5.4.3.2. Germany Data Center Market Size and Forecast, by Type (2022-2029) 5.4.3.3. Germany Data Center Market Size and Forecast, by Deployment (2022-2029) 5.4.4. Italy 5.4.4.1. Italy Data Center Market Size and Forecast, by Industry (2022-2029) 5.4.4.2. Italy Data Center Market Size and Forecast, by Type (2022-2029) 5.4.4.3. Italy Data Center Market Size and Forecast, by Deployment(2022-2029) 5.4.5. Spain 5.4.5.1. Spain Data Center Market Size and Forecast, by Industry (2022-2029) 5.4.5.2. Spain Data Center Market Size and Forecast, by Type (2022-2029) 5.4.5.3. Spain Data Center Market Size and Forecast, by Deployment (2022-2029) 5.4.6. Sweden 5.4.6.1. Sweden Data Center Market Size and Forecast, by Industry (2022-2029) 5.4.6.2. Sweden Data Center Market Size and Forecast, by Type (2022-2029) 5.4.6.3. Sweden Data Center Market Size and Forecast, by Deployment (2022-2029) 5.4.7. Austria 5.4.7.1. Austria Data Center Market Size and Forecast, by Industry (2022-2029) 5.4.7.2. Austria Data Center Market Size and Forecast, by Type (2022-2029) 5.4.7.3. Austria Data Center Market Size and Forecast, by Deployment (2022-2029) 5.4.8. Rest of Europe 5.4.8.1. Rest of Europe Data Center Market Size and Forecast, by Industry (2022-2029) 5.4.8.2. Rest of Europe Data Center Market Size and Forecast, by Type (2022-2029) 5.4.8.3. Rest of Europe Data Center Market Size and Forecast, by Deployment (2022-2029) 6. Asia Pacific Data Center Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Data Center Market Size and Forecast, by Industry (2022-2029) 6.2. Asia Pacific Data Center Market Size and Forecast, by Type (2022-2029) 6.3. Asia Pacific Data Center Market Size and Forecast, by Deployment (2022-2029) 6.4. Asia Pacific Data Center Market Size and Forecast, by Country (2022-2029) 6.4.1. China 6.4.1.1. China Data Center Market Size and Forecast, by Industry (2022-2029) 6.4.1.2. China Data Center Market Size and Forecast, by Type (2022-2029) 6.4.1.3. China Data Center Market Size and Forecast, by Deployment (2022-2029) 6.4.2. S Korea 6.4.2.1. S Korea Data Center Market Size and Forecast, by Industry (2022-2029) 6.4.2.2. S Korea Data Center Market Size and Forecast, by Type (2022-2029) 6.4.2.3. S Korea Data Center Market Size and Forecast, by Deployment (2022-2029) 6.4.3. Japan 6.4.3.1. Japan Data Center Market Size and Forecast, by Industry (2022-2029) 6.4.3.2. Japan Data Center Market Size and Forecast, by Type (2022-2029) 6.4.3.3. Japan Data Center Market Size and Forecast, by Deployment (2022-2029) 6.4.4. India 6.4.4.1. India Data Center Market Size and Forecast, by Industry (2022-2029) 6.4.4.2. India Data Center Market Size and Forecast, by Type (2022-2029) 6.4.4.3. India Data Center Market Size and Forecast, by Deployment (2022-2029) 6.4.5. Australia 6.4.5.1. Australia Data Center Market Size and Forecast, by Industry (2022-2029) 6.4.5.2. Australia Data Center Market Size and Forecast, by Type (2022-2029) 6.4.5.3. Australia Data Center Market Size and Forecast, by Deployment (2022-2029) 6.4.6. Indonesia 6.4.6.1. Indonesia Data Center Market Size and Forecast, by Industry (2022-2029) 6.4.6.2. Indonesia Data Center Market Size and Forecast, by Type (2022-2029) 6.4.6.3. Indonesia Data Center Market Size and Forecast, by Deployment (2022-2029) 6.4.7. Malaysia 6.4.7.1. Malaysia Data Center Market Size and Forecast, by Industry (2022-2029) 6.4.7.2. Malaysia Data Center Market Size and Forecast, by Type (2022-2029) 6.4.7.3. Malaysia Data Center Market Size and Forecast, by Deployment (2022-2029) 6.4.8. Vietnam 6.4.8.1. Vietnam Data Center Market Size and Forecast, by Industry (2022-2029) 6.4.8.2. Vietnam Data Center Market Size and Forecast, by Type (2022-2029) 6.4.8.3. Vietnam Data Center Market Size and Forecast, by Deployment(2022-2029) 6.4.9. Taiwan 6.4.9.1. Taiwan Data Center Market Size and Forecast, by Industry (2022-2029) 6.4.9.2. Taiwan Data Center Market Size and Forecast, by Type (2022-2029) 6.4.9.3. Taiwan Data Center Market Size and Forecast, by Deployment (2022-2029) 6.4.10. Rest of Asia Pacific 6.4.10.1. Rest of Asia Pacific Data Center Market Size and Forecast, by Industry (2022-2029) 6.4.10.2. Rest of Asia Pacific Data Center Market Size and Forecast, by Type (2022-2029) 6.4.10.3. Rest of Asia Pacific Data Center Market Size and Forecast, by Deployment (2022-2029) 7. Middle East and Africa Data Center Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Data Center Market Size and Forecast, by Industry (2022-2029) 7.2. Middle East and Africa Data Center Market Size and Forecast, by Type (2022-2029) 7.3. Middle East and Africa Data Center Market Size and Forecast, by Deployment (2022-2029) 7.4. Middle East and Africa Data Center Market Size and Forecast, by Country (2022-2029) 7.4.1. South Africa 7.4.1.1. South Africa Data Center Market Size and Forecast, by Industry (2022-2029) 7.4.1.2. South Africa Data Center Market Size and Forecast, by Type (2022-2029) 7.4.1.3. South Africa Data Center Market Size and Forecast, by Deployment (2022-2029) 7.4.2. GCC 7.4.2.1. GCC Data Center Market Size and Forecast, by Industry (2022-2029) 7.4.2.2. GCC Data Center Market Size and Forecast, by Type (2022-2029) 7.4.2.3. GCC Data Center Market Size and Forecast, by Deployment (2022-2029) 7.4.3. Nigeria 7.4.3.1. Nigeria Data Center Market Size and Forecast, by Industry (2022-2029) 7.4.3.2. Nigeria Data Center Market Size and Forecast, by Type (2022-2029) 7.4.3.3. Nigeria Data Center Market Size and Forecast, by Deployment (2022-2029) 7.4.4. Rest of ME&A 7.4.4.1. Rest of ME&A Data Center Market Size and Forecast, by Industry (2022-2029) 7.4.4.2. Rest of ME&A Data Center Market Size and Forecast, by Type (2022-2029) 7.4.4.3. Rest of ME&A Data Center Market Size and Forecast, by Deployment (2022-2029) 8. South America Data Center Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Data Center Market Size and Forecast, by Industry (2022-2029) 8.2. South America Data Center Market Size and Forecast, by Type (2022-2029) 8.3. South America Data Center Market Size and Forecast, by Deployment(2022-2029) 8.4. South America Data Center Market Size and Forecast, by Country (2022-2029) 8.4.1. Brazil 8.4.1.1. Brazil Data Center Market Size and Forecast, by Industry (2022-2029) 8.4.1.2. Brazil Data Center Market Size and Forecast, by Type (2022-2029) 8.4.1.3. Brazil Data Center Market Size and Forecast, by Deployment (2022-2029) 8.4.2. Argentina 8.4.2.1. Argentina Data Center Market Size and Forecast, by Industry (2022-2029) 8.4.2.2. Argentina Data Center Market Size and Forecast, by Type (2022-2029) 8.4.2.3. Argentina Data Center Market Size and Forecast, by Deployment (2022-2029) 8.4.3. Rest Of South America 8.4.3.1. Rest Of South America Data Center Market Size and Forecast, by Industry (2022-2029) 8.4.3.2. Rest Of South America Data Center Market Size and Forecast, by Type (2022-2029) 8.4.3.3. Rest Of South America Data Center Market Size and Forecast, by Deployment (2022-2029) 9. Global Data Center Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Data Center Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Digital Realty 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Nvidia 10.3. Oracle 10.4. Alphabet Inc. 10.5. Fujitsu Ltd 10.6. Reliance Group 10.7. Capgemini SE 10.8. HCL Technologies Limited 10.9. Sify Technologies Limited 10.10. IBM Corporation 10.11. Cisco Systems Inc. 10.12. Hewlett Packard Enterprise Company 10.13. Hitachi Ltd 10.14. Equinix Inc. 10.15. Huawei Technologies Co. Ltd 10.16. Schneider Electric SE 10.17. Vertiv Co. 11. Key Findings 12. Industry Recommendations 13. Data Center Market: Research Methodology 14. Terms and Glossary