Press release
Data Center Renovation Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Data Center Renovation
There is an expected surge in the growth of the data center renovation market due to the rise in the use of online services. The amplified utilization of online services for various tasks such as payment, shopping, traveling, entertainment, and medical applications expands data traffic across numerous sectors. This development prompts the leaders of the data center renovation market to upgrade their back-end IT infrastructure to meet the evolving market demands. For example, in September 2023, as per the Switzerland-based International Telecommunication Union, a United Nations agency specializing in information and communication technologies, 67% of the global population, summing up to 5.4 billion individuals, were using the Internet, presenting a slight increase from 5.3 billion users or 66% of the global populace in 2022. Consequently, this rise in online service utilization propels the growth of the data center renovation market.
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What Is the projected market size and growth rate for the data center renovation market?
In recent times, there has been a significant expansion in the size of the data center renovation market. It's projected to escalate from $29.48 billion in 2024 to $36 billion by 2025, marking a compound annual growth rate (CAGR) of 22.1%. This substantial growth during the historic period can be traced back to the modernization of legacy infrastructure, the surge in data storage needs, apprehensions about energy efficiency, and the necessity for security and compliance enhancements.
In the upcoming years, an extraordinary surge in the data center renovation market size is projected. It is anticipated to expand to a market size of $96.97 billion by 2029, growing at a compound annual growth rate (CAGR) of 28.1%. This growth during the forecast period can be credited to the amalgamation of edge computing, the introduction of 5G, sustainable and green computing practices, as well as resilience and disaster recovery. Observable trends during this period will include technological progress, sustainable and green initiatives, modular and scalable models, and advanced cooling systems.
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What new trends are reshaping the data center renovation market and its opportunities?
Significant players in the data center renovation market are adopting vertical data center implementation to boost their market profitability. The concept of a vertical data center when it comes to data center renovation refers to a design or architectural strategy that emphasizes efficient utilization of vertical space within data center premises. For example, Scala Data Centers, a data center provider domiciled in Brazil, launched their 6MW IT SGRUTB05 data center in May 2023; this is the second largest vertical facility across Latin America. The SGRUTB05 has a built area of 6,700 square meters, stands at 35.5 meters with five tiers, out of which three are specifically for high-density data halls that house approximately 400 racks with nearly 9MW total power. One Scala Template methodology by Scala, executed by a Center of Excellence (CoE) with over 200 specialists, efficiently managed the design, project, construction, and commissioning of the data center, catering to the demands of the Hyperscale market. The SGRUTB05, operating solely on renewable energy, has a PUE under 1.4, a WUE of zero, and complies with LEED and ANSI/TIA-942-B eco-friendly data center norms.
What major market segments define the scope and growth of the data center renovation market?
The data center renovation market covered in this report is segmented -
1) By Product: Cooling, Power, IT Racks And Enclosures, Networking Equipment, DCIM, Other Products
2) By Organization Size: Small Size Organization, Medium Size Organization, Large Size Organization
3) By Application: BFSI, IT And Telecom, Manufacturing, Government, Healthcare, Other Applications
Subsegments:
1) By Cooling: Air Conditioning Units (CRAC Or CRAH), Liquid Cooling Systems, In-Row Cooling, Free Cooling (Economizer), Hot Aisle Or Cold Aisle Containment Systems
2) By Power: Uninterruptible Power Supply (UPS) Systems, Backup Generators, Power Distribution Units (PDUs), Batteries and Energy Storage Solutions, Power Management Systems
3) By IT Racks And Enclosures: Server Racks, Rack Cabinets, Modular Racking Systems, Custom IT Enclosures
4) By Networking Equipment: Routers And Switches, Fiber Optic Cables And Connectors, Network Interface Cards (NICs), Firewalls And Load Balancers
5) By DCIM (Data Center Infrastructure Management): Monitoring And Management Software, Environmental Monitoring Tools (Temperature, Humidity Sensors), Asset Tracking And Management Systems, Energy Management Solutions
6) By Other Products: Fire Suppression Systems, Security Systems (Access Control, Surveillance), Cable Management Solutions, Environmental Sensors (Water, Smoke Detection), Physical Security Barriers
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Which region dominates the data center renovation market?
South America was the largest region in the data center renovation market in 2024. North America was the second largest region of the data center renovation market. The regions covered in the data center renovation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the data center renovation industry growth?
Major companies operating in the data center renovation market include Equinix, Digital Realty, Schneider Electric, Vertiv, NTT Communications, Eaton Corporation, Hewlett Packard Enterprise, Cisco Systems, Fujitsu, IBM Corporation, ABB Ltd., Siemens AG, Amazon Web Services (AWS), Google Cloud, Microsoft Azure, Iron Mountain, CyrusOne, QTS Realty Trust, DataBank, Flexential, STACK Infrastructure, CoreSite Realty, Aligned Data Centers, CloudHQ, Switch, RagingWire Data Centers, Evoque Data Center Solutions, Compass Datacenters, T5 Data Centers, Cologix
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What Is Covered In The Data Center Renovation Global Market Report?
•Market Size Forecast: Examine the data center renovation market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the data center renovation market for a structured understanding.
•Key Players Overview: Analyze major players in the data center renovation market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the data center renovation market.
•Segment Contributions: Evaluate how different segments drive overall growth in the data center renovation market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the data center renovation market.
•Industry Challenges: Identify potential risks and obstacles affecting the data center renovation market.
•Competitive Landscape: Review strategic developments in the data center renovation market, including expansions, agreements, and new product launches.
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