Press release
Data Center Services Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Data Center Services
How Large Will the Data Center Services Market Size By 2025?
In recent times, the market size for data center services has witnessed a swift expansion. The sector, which is projected to escalate from $74.6 billion in 2024 to $83.53 billion in 2025, is expected to experience a compound annual growth rate (CAGR) of 12.0%. The remarkable growth in the past can be credited to the surge in digitalization, a rise in the quantity of data centers, robust economic advancement in burgeoning markets, and an increasing demand for cloud computing.
How Big Is the Data Center Services Market Size Expected to Grow by 2029?
Anticipations of swift expansion are on the horizon for the data center services market with predictions reaching up to $148.02 billion in total value by 2029, manifesting a compound annual growth rate (CAGR) of 15.4%. The amplified growth during the projection period is primarily due to an upswing in the use of OTT (over-the-top) services, rising Internet connectivity, expanding volumes of both structured and unstructured data, along with burgeoning 5g subscriptions. The upcoming period will be characterized by significant shifts, including advances in new technology, an increase in micro data center services and hyper-scale data centers powered by sustainable energy. Emphasis on off-grid data center-as-a-service and an uptick in partnerships and collaborations are also likely to be key trends.
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Which Key Market Drivers Powering Data Center Services Market Expansion and Growth?
The upsurge in digitalization acceptance is anticipated to be a major stimulant for the expansion of the data center services market. The assimilation of digitalization is on the rise due to factors such as the need for amplified productivity, reduction of operational expenses, quicker decision-making procedures, increased efficiency, technological advancements, stakeholder-driven digitalization encouragement, among others. This heightened embrace of digitalization will create massive amounts of data requiring storage, thus propelling the demand for data centers. This ensuing need for data centers will trigger a massive requirement for data center services to establish, manage, and run these data centers. For instance, in December 2023, Eurostat, a Luxembourg-based intergovernmental entity, reported that 45.2% of EU businesses procured cloud computing services predominantly to host their email systems and retain electronic files. The procurement of cloud computing services by EU businesses witnessed a rise of 4.2% in 2023 relative to 2021. Hence, this surge in digitalization acceptance will act as a catalyst for the data center services market.
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Which Fast-Growing Trends Are Poised to Disrupt the Data Center Services Market?
Leading businesses in the data center services market are concentrating on adopting next-generation technologies such as data center automation platforms. These platforms are aimed at augmenting operational prowess and bolstering service delivery as well as customer satisfaction. A data center automation platform can streamline and manage database operations, minimizing human errors, and consolidating various IT services and management tools to improve efficiency. For instance, in September 2024, Nokia Corporation, a company rooted in Finland's telecommunication industry, launched the most forward-thinking data center automation platform on the market, specifically designed for the AI epoch, named the Event-Driven Automation platform. This trailblazing solution strives to eradicate human-induced errors in network operations, drastically lessening network blips and service downtime. This platform, constructed on Kubernetes, takes an innovative intent-based tack towards network automation, even offering features such as digital twin capabilities and GenAI support. In addition to this, it integrates without hassles with a broad spectrum of IT service management systems, event warning systems, and cloud management platforms. This amalgamation comes with the added advantage of reducing the operational exertion by up to 40% through the streamlining of data center lifecycle operations.
What Are the Emerging Segments in the Data Center Services Market?
The data center servicesmarket 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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Who Are the Global Leaders 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.
Which are the Top Profitable Regional Markets for the Data Center Services Industry?
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.
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