Global Data Center Market Size To Worth USD 565.49 Billion by 2032 | CAGR of 7.3%

Category: Semiconductors & Electronics

RELEASE DATE May 2023
REPORT ID SI1843

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Global Data Center Market worth $565.49 billion by 2032

 

According to a research report published by Spherical Insights & Consulting, The Global Data Center Market size is to grow from USD 279.53 billion in 2022 to USD 565.49 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 7.3% during the forecast period.

Global Data Center Market

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 Browse key industry insights spread across 200 pages with 130 market data tables and figures & charts from the report on Global Data Center Market Size, Share, and COVID-19 Impact Analysis, By Infrastructure (IT Infrastructure, Electrical Infrastructure, Mechanical Infrastructure, Support Infrastructure, and Others), By Data Center Type (Colocation, Hyperscale, Edge, and Others), By Enterprise Size (Large Enterprises and Medium & Small Enterprises), By End-User Industry (BFSI, IT & Telecommunication, Government, Healthcare, Retail, Manufacturing, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2032." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/data-center-market

 

The data center is a specialized facility used to store, manage, and process large amounts of digital data. It typically houses servers, networking equipment, storage systems, and other hardware and software components needed to run critical applications and services. Data centers are designed to provide high availability, scalability, and security, with features such as backup power supplies, redundant cooling systems, and advanced fire suppression technologies. They are used by organizations of all sizes and industries to support various business operations, from cloud computing and e-commerce to scientific research and financial transactions. With the growing demand for data-driven applications and services, data centers have become essential infrastructure for the digital economy.

 

The mechanical infrastructure segment is expected to grow at a CAGR of around 8.4% during the forecast period

Based on infrastructure type, the global data center market is segmented into IT infrastructure, electrical infrastructure, mechanical infrastructure, support infrastructure, and others. The mechanical infrastructure segment is expected to witness the fastest growth in the data center market due to the increasing demand for cooling solutions to support the high-density computing requirements of hyper-scale data centers. This segment includes solutions such as cooling systems, air conditioning, and ventilation systems that help to maintain optimal temperature and humidity levels within the data center environment. The growing trend towards hyper-scale data centers and the increasing adoption of high-performance computing technologies such as artificial intelligence (AI) and machine learning are driving the demand for advanced mechanical infrastructure solutions.

 

The IT & telecommunication segment held the largest market share with more than 25.6% market share

Based on the end-use industry, the global data center market is segmented into BFSI, IT & telecommunication, government, healthcare, retail, manufacturing, and others. IT & telecommunication segment held the largest market share. This is due to the industry's extensive use of data center infrastructure to support a broad range of applications and services, including cloud computing, big data analytics, and Internet of Things (IoT) devices. The industry requires a robust and scalable infrastructure that can support the rapid growth of data and the increasing demand for high-speed connectivity. As a result, the IT & telecommunication industry is expected to continue to dominate the data center market in the foreseeable future.

 

Asia-Pacific is predicted to grow at a CAGR of around 9.8% over the forecast period

 

Global Data Center Market

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Based on region, the Asia Pacific is expected to witness significant growth in the data center market in the coming years. This can be attributed to the growing demand for cloud-based services, big data analytics, and digital transformation initiatives across various industries in the region. Additionally, the increasing adoption of mobile devices, social media, and e-commerce platforms is generating vast amounts of data that require storage and processing in secure and reliable data center facilities. Furthermore, the region's large population, rising middle class, and expanding digital infrastructure create favorable conditions for the growth of the data center market.

 

Some of the major players in the global data center market include Amazon Web Services, Microsoft Corporation, Google LLC, IBM Corporation, Equinix, Inc., Digital Realty Trust, Inc., NTT Communications Corporation, Cisco Systems, Inc., Hewlett Packard Enterprise Development LP, Dell Technologies Inc., Oracle Corporation, Intel Corporation, Fujitsu Ltd., Schneider Electric SE,  and Huawei Technologies Co., Ltd.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global data center market based on the below-mentioned segments:

 

Data Center Market, By Infrastructure

  • IT Infrastructure
  • Electrical Infrastructure
  • Mechanical Infrastructure
  • Support Infrastructure
  • Others

 

Data Center Market, By Data Center Type

  • Colocation
  • Hyperscale
  • Edge
  • Others

 

Data Center Market, By Enterprises Size

  • Large Enterprises
  • Medium & Small Enterprises

 

Data Center Market, By End-User Industry

  • BFSI
  • IT & Telecommunication
  • Government
  • Healthcare
  • Retail
  • Manufacturing
  • Others

 

Data Center Market, Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

 

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

 

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