Data Center Market Size, Share, Trends, Key Players, and Growth Forecast to 2030

According to the latest market research study published by P&S Intelligence, the global data center market is undergoing a transformative expansion, projected to grow from USD 301.8 billion in 2023 to USD 622.4 billion by 2030, at a compelling CAGR of 10.1%. This surge is largely driven by the escalating demand for data storage and management solutions amid a data-driven digital economy. With internet users increasing from 3 billion in 2015 to 4.9 billion by 2021, internet traffic has risen a staggering 440%, significantly intensifying the need for data centers.

Cloud services, social media platforms, video streaming, and data-intensive applications such as machine learning and IoT are fueling this boom. Notably, mobile data traffic is expected to quadruple by 2027, with 5G's share rising from 10% in 2021 to 60%. These developments underscore the vital role of data centers in enabling seamless digital experiences and business continuity.

Geographically, North America holds the largest market share, with Northern Virginia and Ashburn emerging as global data center hubs, often referred to as "Data Centre Alley." Meanwhile, Asia-Pacific is expected to register the fastest growth, supported by increasing digital transformation efforts and government-backed infrastructure developments.

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Key Insights

• The IT infrastructure category holds the largest market share within data center infrastructure, due to its crucial role in data processing, storage, and network management.

• Support infrastructure, including power and cooling systems, continues to see innovation aimed at enhancing energy efficiency and operational resilience.

• Among the types of data centers, hyperscale and co-location are dominant, catering to varied client needs across industries such as BFSI, healthcare, telecom, and government.

• Northern Virginia is the world's largest data center hub by both square footage and megawatt capacity, with more than 250 facilities. It also hosts AWS's largest cloud cluster and data centers for Meta, Microsoft, and Google.

• Canada ranks fifth globally in the data center space, with 119 data centers and 300+ operational sites. Toronto leads within the Canadian market, home to providers like Allied, TR2, and Cologix.

• Asia-Pacific's growth is being driven by increased digitization, rising mobile penetration, and substantial government investments in tech infrastructure.

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• Renewable energy is gaining traction in the industry, with green data centers becoming more prevalent. For instance, Kao Data in the U.K. operates on 100% renewable energy and has transitioned its backup generators to HVO biofuel.

• Environmental initiatives across regions-such as the U.K.'s goal to reduce emissions by 68% by 2030 and the U.S. target of a 50-52% reduction-are fostering investments in sustainable data center technologies.

• By 2025, the global datasphere is expected to reach 175 zettabytes, necessitating expanded data processing and storage capacities across industries.

• Healthcare is a key contributor to data growth, with spending on big data analytics in the sector forecast to hit USD 79.23 billion by 2028.

• Businesses of all sizes are increasingly leveraging data for decision-making, customer engagement, and efficiency improvements, bolstering the demand for scalable data center solutions.

• Despite robust growth, high capital expenditure for setup, infrastructure, and maintenance remains a major challenge, especially for small and mid-sized enterprises.

• The competitive landscape remains fragmented, with major players focusing on strategic mergers, partnerships, and technological upgrades to maintain a competitive edge.

• Advanced technologies such as artificial intelligence, augmented reality, and cloud gaming are reshaping data center requirements and boosting demand for high-performance, low-latency infrastructure.

• Regulatory compliance, data sovereignty, and security concerns are also shaping the evolution of data center architectures globally.

Browse more Reports Published by P&S:

Data Center Cooling Market - https://www.psmarketresearch.com/market-analysis/data-center-cooling-market

Data Center Power Generators Market - https://www.psmarketresearch.com/market-analysis/data-center-power-generators-market

Data Center Infrastructure Management Market - https://www.psmarketresearch.com/market-analysis/data-center-infrastructure-management-dcim-market

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