Press release
Rising Digitalization Sparks Surge In Demand For Data Center Services: Key Factor Driving The Growth In The Data Center Services Market
Data Center Services
What Is the Expected Data Center Services Market Size During the Forecast Period?
The market size for data center services has expanded at a swift pace over the recent past. It is set to climb from $74.6 billion in 2024 to $84.23 billion in 2025, showcasing a compound annual growth rate (CAGR) of 12.9%. The growth observed in the historic period is a repercussion of the increased embrace of digitalization, a rise in the count of data centers, robust economic progress in emerging markets, and an escalated demand for cloud computing.
In the coming years, the market size of data center services is predicted to experience significant expansion, escalating to $151.47 billion by 2029 with a compound annual growth rate (CAGR) of 15.8%. The projected growth during this forecast period can be credited to the escalating use of OTT (over-the-top) services, surging internet usage, a rise in the amount of both structured and unstructured data, and an uptick in 5g subscriptions. Key trends expected during this period encompass advancements in new technology, the use of micro data center services, hyper-scale data centers employing clean energy, a focus on off-grid data center-as-a-service, and various partnerships and alliances.
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What Are the High-Growth Segments in the Data Center Services Market?
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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What Key Drivers Are Expected to Influence Future Data Center Services Market Growth?
The surge in digitalization adoption is forecasted to be a key factor propelling the data center services market's expansion. The adoption of digitalization is surging due to a variety of reasons, including the need to boost productivity, reduce operational expenses, support quicker decision-making processes, heighten performance, and technological progress, with a strong push for digitalization from stakeholders. The escalating digitalization adoption will result in a massive data volume that requires storage, necessitating data centers, which in turn will spike demand for data center services for their establishment, administration, and operation. For example, as per Eurostat, a Luxembourg-based intergovernmental organization, in December 2023, 45.2% of EU enterprises purchased cloud computing services, mainly for email system hosting and electronic file storage. EU enterprises' procurement of cloud computing services rose by 4.2% in 2023, compared to 2021. Hence, the escalating digitalization adoption will be driving the expansion of the data center services market.
Which Companies Hold the Largest Share Across Different Data Center Services Market Segments?
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.
What Trends Are Driving Growth in The Data Center Services Market?
Key players in the data center services market are concentrating on the integration of next-generation technologies, like data center automation platforms, as a strategy to boost operational efficiency and enhance service delivery and customer satisfaction. These types of platforms are high-tech systems specifically designed to manage and streamline data center operations, improving efficiency through automated tasks, minimizing human errors, and incorporating a range of IT services and management tools. For example, in September 2024, Nokia Corporation, a telecom enterprise from Finland, launched the world's most advanced data center automation platform for the AI age, termed the Event-Driven Automation platform. This groundbreaking solution strives to cut out human errors from network operations, significantly minimizing network interruptions and service downtime. Built on Kubernetes, this multi-vendor platform employs a contemporary intent-based methodology towards network automation and boasts features like digital twin capabilities and GenAI assistance. Moreover, it effectively integrates with a broad spectrum of IT service management systems, event notification systems, and cloud management platforms, which leads to a decrease in operational effort by up to 40% through simplification of data center lifecycle operations.
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What Are the Emerging Geographies for The Data Center Services Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Data Center Services Market?
2. What is the CAGR expected in the Data Center Services Market?
3. What Are the Key Innovations Transforming the Data Center Services Industry?
4. Which Region Is Leading the Data Center Services Market?
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