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Rising Digitalization Sparks Surge In Demand For Data Center Services: A Key Factor Shaping the Future of the Data Center Services Market in 2025
Data Center Services
The escalating embrace of digital transformation is anticipated to fuel the expansion of the data center services market. The digital transformation trend is on the rise due to necessities like heightened productivity, reduction in operational expenses, swift decision-making, improved efficiency, technological progress, stakeholder-driven digital push, among others. The relentless increase in digitalization will lead to a massive data output that requires storage, thus escalating the necessity for data centers. This requirement will establish a significant demand for data center services for the establishment, management, and operation of data centers. For example, Eurostat, a Luxembourg-centered intergovernmental agency, revealed in December 2023 that 45.2% of EU businesses utilized cloud computing services, primarily for managing their email systems and storing digital files. The acquisitions of cloud computing services by EU companies saw a 4.2% rise in 2023 compared to 2021. Hence, the progressive embrace of digital transformation will propel the data center services market.
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What is the projected compound annual growth rate (CAGR) of the data center services market from 2025 to 2034, and what factors influence it?
Recent years have witnessed a swift expansion in the size of the data center services market. It's set to surge from $74.6 billion in 2024 to $84.23 billion in 2025, with the compound annual growth rate (CAGR) pegged at 12.9%. Factors such as the mounting importance of digitalization, an escalation in data center numbers, strong economic development in emerging markets, and an uptick in the consumption of cloud computing have significantly contributed to this growth during the historic period.
In the approaching years, significant expansion is anticipated for the data center services market, with projections pointing to a value of $151.47 billion in 2029, and a compound annual growth rate (CAGR) of 15.8%. This proposed growth within the forecast period is linked to escalated use of OTT (over-the-top) services, heightened Internet accessibility, a surge in both structured and unstructured data, and the rise in 5g subscriptions. Furthermore, the forecast period is expected to be characterized by a series of trends including the emergence of new technology, the growth of micro data center services, eco-friendly hyper-scale data centers, an emphasis on off-grid data center-as-a-service, and an increase in strategic partnerships and collaborations.
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How are the latest trends influencing the growth of the data center services market?
Primarily, key businesses active in the data center services arena are intent on adopting cutting-edge innovations like data center automation platforms to augment their operational productivity and better their service delivery and client satisfaction standards. A data center automation platform is an advanced technology system that effectively orchestrates and oversees a data center's functions, enhancing effectiveness by systemizing undertakings, minimizing human inaccuracies, and incorporating different IT services and management mechanisms. For instance, Nokia Corporation, a telecom corporation based in Finland, unveiled the sector's most sophisticated data center automation platform conceptualized for the AI era, known as the Event-Driven Automation platform, in September 2024. This groundbreaking platform aims to remove human faults in network operations, contributing to a substantial reduction in network disruptions and service downtime. Designed on Kubernetes, this multivendor platform embraces a contemporary intent-founded approach to network automation, coming equipped with features such as digital twin abilities and GenAI support. Moreover, it effortlessly consolidates with numerous IT service management infrastructures, event alert systems, and cloud management forums, resulting in up to a 40% decrease in operational expenditure through the streamlining of data center lifecycle proceedings.
What are the major segments of the data center services market and their role in driving growth?
The data center services market covered in this report is segmented -
1) By Services: Installation And Integration Services, Training Services, Consulting Services, Maintenance And Support, Other Services
2) By Type: Small Data Centers, Medium Data Centers, Large Data Centers
3) By Infrastructure Type: Servers, Storage And Networking
4) By Application: BFSI (Banking, Financial Services And Insurance), Colocation, Energy, Government, Healthcare, IT (Information Technology) And Telecom, Manufacturing, Other Applications
Subsegments:
1) By Installation And Integration Services: Hardware Installation, Software Integration, Network Setup
2) By Training Services: User Training, Technical Training, Certification Programs
3) By Consulting Services: Infrastructure Assessment, Optimization Consulting, Security Consulting
4) By Maintenance And Support: On-Site Support, Remote Support, Preventive Maintenance
5) By Other Services: Disaster Recovery Services, Managed Services, Cloud Services Integration
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Which regions are key players in the growth of the data center services market?
North America was the largest region in the data center services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data center services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the data center services market?
Major companies operating in the data center services market include Fujitsu Ltd, Equinix Inc., Cisco Systems Inc, Huawei Technologies Co. Ltd, Capgemini SE, Hewlett Packard Enterprise Company, NTT Communications, Dell Technologies, IBM Corporation, HCL Technologies Limited, CtrlS, ESDS, GPX devlopes, sify technologies, Nxtra data limited, Alibaba Group, Chayora, China Mobile International, Chindata Group, GDS Services, Haoyun Changsheng, Keppel Data Centres, Shanghai Atrium, Tencent, Tenglong Holding Group, ABB Ltd, Interxion, Euclyde Data Centers, STT GDC, Echelon Data Center, NDC Data Centers GmbH, Broadcom Inc, Arista Networks, 4D Data Center, ClusterPower, Linxdatacenter, Infosys Poland, CoreSite LA1 Data Center, Digital Realty 350 E Cermak Data Center, Zenlayer, Cyxtera, Systems-X, ISK Global, Quanam, Ithreex Global, Systemico, Zimmic, Andes Digital, Nournet, Detasad, Mobily, STC, Salam, Gulf Data Hub, Go DC, Gateway Gulf, Nashirnet, MainOne, PCCW Global, Databridge, ONIX Data Centre, IXAfrica, ST Digital, Raxio, N+One, Africa Data Centres, Teraco, Rack Centre Africa.
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What Is Covered In The Data Center Services Global Market Report?
• Market Size Forecast: Examine the data center services market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the data center services market for a structured understanding.
• Key Players Overview: Analyze major players in the data center services market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the data center services market.
• Segment Contributions: Evaluate how different segments drive overall growth in the data center services market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the data center services market.
• Industry Challenges: Identify potential risks and obstacles affecting the data center services market.
• Competitive Landscape: Review strategic developments in the data center services market, including expansions, agreements, and new product launches.
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