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Unprecedented Growth Expected In Managed Data Center Services Market: Surpassing $470.6 Billion Mark in 2025 and Projected To Reach $893.98 Billion in 2029
Managed Data Center Services Market
What Is The Projected Market Size Of The Global Managed Data Center Services Market And Its Growth Rate?
• The managed data center services market size has experienced rapid growth, expanding from $413.39 billion in 2024 to a projected $470.6 billion in 2025, at a CAGR of 13.8%.
• This historic growth is propelled by increasing data storage needs, enhanced digitalization, mounting data-oriented processes, escalating infrastructure complexity, and business globalization.
• Further growth is anticipated with the market projected to reach $893.98 billion in 2029 at a CAGR of 17.4%.
• This growth can be accredited to the rise in cloud computing adoption, surge in data generation, need for scalable and flexible infrastructure, increasing cybersecurity concerns, and business globalization.
What Is Driving The Growth In The Managed Data Center Services Market?
The notable upswing in the number of data centers is propelling the growth of the managed data center services market. A data center is a physical space that stores and manages data for various applications - from developing new products and services to maintaining and repairing existing ones. For instance, in February 2022, per the Korea Data Center Council (KDCC), the overall capacity of colocation data centers IT load totaled 430 MW, comprising 11% of the total APAC IT load. The capacity of commercial data centers in Korea is expected to surge by 700 MW between 2021 and 2023, making up 15% of the total Asia-Pacific capacity. Such increased deployment of data centers is driving the managed data center services market growth.
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Who Are the Key Players Driving Managed Data Center Services Market Growth?
• Microsoft Corporation
• Verizon Communications Inc.
• AT&T Inc.
• Deutsche Telekom AG
• Dell Inc.
• Acce*nture plc
• International Business Machines Corporation
• Cisco Systems Inc.
• Orange S.A.
• Fujitsu Limited
• Hewlett Packard Enterprise Development LP
• Tata Consultancy Services Ltd.
• Telefonaktiebolaget LM Ericsson
• Capgemini SE
• NTT Data Inc.
• Cognizant Technology Solutions U.S. Corporation
• Infosys Limited
• ZTE Corporation
• Lumen Technologies Inc.
• DXC Technology
• CGI Inc.
• Atos SE
• Wipro Ltd.
• HCL Technologies Limited
• Equinix Inc.
• Rackspace Inc.
• Hitachi Vantara Corporation
• LTIMindtree Limited
• Unisys Corporation
• Cyxtera Technologies Inc.
What Are The Key Trends In The Managed Data Center Services Market?
• Adoption of artificial intelligence in data center management
• Focus on sustainable and green data centers
• Integration of edge computing solutions
• Rising demand for modular data centers
• Increased use of software-defined data center (SdDC) solutions.
What Are The Segments Of The Global Managed Data Center Services Market?
1) Managed Storage
2) Managed Hosting
3) Managed Collocation
4) Other Types
5) By Deployment Type: Cloud, On-Premise
6) By Enterprise Size: Small Enterprises, Medium Enterprises, Large Enterprises
7) By End-User Industry: BFSI, Energy, Retail, Healthcare, Manufacturing, Other End-User Industries.
Which Region Leads The Managed Data Center Services Market?
North America was the largest region in the managed data center services market in 2024. However, the Asia-Pacific region is projected to be the fastest-growing region over the forecast period. The managed data center services market report covers diverse regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Managed Data Center Services Market Global Market Report?
Analysis and identification of market size, segmentation, key players, growth trends, market contribution, growth drivers, industry challenges, competitive developments, and more are included in the report.
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