Data Center Market on Track for USD 675.96 Billion By 2032, Sustaining 11.50% CAGR Growth

Data Center Market

The global data center market size and share is projected to witness robust growth. It was valued at USD 253.37 billion in 2023 and is projected to grow to 675.96 billion by 2032, exhibiting a CAGR of 11.50% over the forecast period, 2024-2032.

Market Overview

A data center is a location that collates an organization's IT operations and equipment for the purpose of storing, processing, and dissecting data and its applications. As they house an organization's most sensitive and lucrative assets, data centers are imperative to the continuity of daily operations. This, in turn, results in security and reliability ranking highest in any organization's priorities.

Earlier data center infrastructures were highly controlled physical environments, but the public cloud has since brought about innovation. Most modern infrastructures have evolved from on-premises physical servers to digital infrastructure that can carry out applications and workloads across multi-cloud environments. Application workloads are moving across multiple data centers and private, public, and hybrid clouds.

Request For a Sample with An Exclusive Look at the Latest Trends and Upcoming Advancements:
https://www.polarismarketresearch.com/industry-analysis/data-center-market/request-for-sample

Growth Drivers

• The growth of digital data creation, fueled by the proliferation of internet-connected devices and the advent of the Internet of Things (IoT), requires larger, more efficient data storage solutions. Additionally, the rapid adoption of cloud computing services and the increasing reliance on digital technologies have further augmented the need for data centers.

• The increasing usage of various technologies such as 5G, edge computing, and quantum computing are driving the expansion of data center infrastructure. The arrival of 5G networks demands a robust network of data centers capable of managing the colossal volumes of data generated by high-speed, low-latency mobile connectivity. Conversely, edge computing prioritizes the processing of data in close proximity to its origin, requiring a mix of smaller, scattered data centers in conjunction with larger centralized facilities.

Competitive Landscape

The data center market is anticipated to witness competition due to several players' presence. Some of the major market participants are:

• Amazon Web Services (AWS)
• Cisco Systems, Inc.
• Dell Technologies, Inc.
• Equinix, Inc.
• Google LLC
• Hewlett Packard Enterprise (HPE)
• IBM Corporation
• Microsoft Corporation
• NTT Communications Corporation
• Oracle Corporation
• Rackspace Technology, Inc.
• Schneider Electric SE
• Siemens AG
• Tencent Holdings Limited
• VMware, Inc.

Need More Information? Inquire more about this report before purchase:
https://www.polarismarketresearch.com/industry-analysis/data-center-market/inquire-before-buying

Recent Developments

• In November 2022, Equinix, Inc., a leading provider of digital infrastructure, and VMware, Inc. announced an expansion of their global partnership. The collaboration introduced VMware Cloud on Equinix Metal, a next-generation distributed cloud service aimed at delivering enhanced security, cost-efficiency, and performance for enterprise applications. This joint solution enables businesses to seamlessly leverage digital infrastructure and multi-cloud environments across global markets.
• In August 2022, Microsoft disclosed plans to establish a new data center region in Qatar. This strategic initiative is set to empower local businesses, consumers, and partners with robust, highly available, and reliable cloud services. The new region is expected to significantly contribute to the acceleration of Qatar's digital transformation and increase cloud technology adoption throughout the country.

Segmental Analysis

• The data center market is segmented based on type, component, enterprise size, end-user and region.
• Based on type, the market is segmented based on hyperscale, collocation, edge, and others. The colocation segment is expected to witness the fastest growth during the forecast period.
• By component, the market is bifurcated into solutions and services. The services segment is expected to witness the highest growth during the forecast period.

Browse Full Report:
https://www.polarismarketresearch.com/industry-analysis/data-center-market

Regional Overview

Regional analysis provides an examination of the key variables, including social, physical, and economic, in a regional context. It helps companies understand the needs and wants of their customers in target markets. Thus, stakeholders can make informed decisions about their products or service offerings. Also, regional analysis assists businesses in identifying regions with high growth potential and where they should focus their efforts. Furthermore, it can help stakeholders understand local conditions to analyze policy related to global change.

The key regions and sub-regions of the Data Center Market covered in the research report are:
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

Top Trending Reports of Polaris Market Research:

Software-Defined Anything (SDx) Market:
https://www.polarismarketresearch.com/industry-analysis/software-defined-anything-market
Consumer Identity and Access Management (CIAM) Market:
https://www.polarismarketresearch.com/industry-analysis/consumer-identity-and-access-management-market
Data Center Power Market:
https://www.polarismarketresearch.com/industry-analysis/data-center-power-market
Open Radio Access Network (Open RAN) Market:
https://www.polarismarketresearch.com/industry-analysis/open-radio-access-network-market
Threat Hunting Market:
https://www.polarismarketresearch.com/industry-analysis/threat-hunting-market

Contact:

Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter

About Polaris Market Research & Consulting, Inc:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

This release was published on openPR.