United States Data Center Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
United States Data Center Market was valued at USD 8.4 billion in 2020, and it is expected to reach USD 13.91 billion by 2026, registering a CAGR of 8.63% during the forecast period (2021-2026). Data centers are energy-intensive buildings growing in size and number to meet the increasing demands of a digital economy. While the data center facility is growing, a comparable increase in electricity demand has been avoided by the adoption of energy efficiency measures and a shift towards the large cloud-based service providers. Alternative projections from the IOP Publishing Ltd illustrate that total electricity consumption shall vary by about 135 billion kWh, depending on the acceptance rate of efficiency measures in data centers during this decade.
Key HighlightsUnited States Data Center Market is fragmented in nature as vendors are adopting inorganic growth strategies such as strategic partnerships and mergers and acquisitions to expand market foothold. Key players are Cisco Systems, Inc., Dell Technologies Inc., etc. Recent developments in the market are -
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