Global Data Center Market 2024-2028

Global Data Center Market 2024-2028

The data center market is forecasted to grow by USD 434.8 bn during 2023-2028, accelerating at a CAGR of 14.52% during the forecast period. The report on the data center market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in adoption of multi-cloud and network upgrades to support 5G, demand planning and expansion by hyper scalers, and growing demand among SMEs.

Technavio's data center market is segmented as below:

By Component

• IT infrastructure
• Power management
• Mechanical construction
• General construction
• Security solutions

By End-user

• BFSI
• Energy
• IT
• Others

By Geography

• North America
• APAC
• Europe
• South America
• Middle East and Africa

This study identifies the implementation of AI in data centers as one of the prime reasons driving the data center market growth during the next few years. Also, increased adoption of HPC across enterprises and consolidation of data centers will lead to sizable demand in the market.

The report on the data center market covers the following areas:

• Data center market sizing
• Data center market forecast
• Data center market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading data center market vendors that include 365 Data Centers, Alphabet Inc., Amazon.com Inc., Apple Inc., China Telecom Corp. Ltd., Cisco Systems Inc., CyrusOne LLC, Cyxtera Technologies Inc., Digital Realty Trust Inc., Equinix Inc., Hewlett Packard Enterprise Co., Intel Corp., International Business Machines Corp., KDDI Corp., Microsoft Corp., Nippon Telegraph and Telephone Corp., Oracle Corp., Salesforce Inc., SAP SE, and Verizon Communications Inc.. Also, the data center market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.