Data Center Market to Reach About US$ 296.24 Billion by 2030

Data Center Market Overview

“The Data Center Market is estimated to increase at a CAGR of 12.9% from $ 79.45 Billion in 2023 to $ 296.24 Billion by 2030.”

A data center is a physical space that houses IT technology used for creating, running, and managing applications and services. They have evolved from tightly controlled on-premises facilities to remote facilities owned by cloud service providers, housing virtualized IT infrastructure for shared use by multiple companies and customers.

Data centers play a crucial role in managing and storing data, ensuring efficient operations, and facilitating the transfer of information between different systems.

Modern data centers, including on-premises ones, have transitioned from traditional IT design, where each application operates on its own hardware, to cloud architecture, where physical hardware resources like CPUs, storage, and networking are virtualized. This allows for the isolation of resources and the deployment of capacity across multiple applications and workloads in any required quantity.

Data centers offer numerous advantages, including: 

• Backup power sources are used to deal with power outages.
• Disaster recovery requires data replication across several computers.
• Temperature-controlled facilities to extend equipment life
• Easier implementation of security measures for data compliance

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A data center is a facility that houses various systems and resources that are used to store, process, and manage data.

The Growing Role of Data

Data transmission is essential in commercial and personal relationships, and this demand for digital information has led to the need for massive computer and networking equipment in data centers. Data centers have evolved significantly due to less expensive, smaller, and more complex technology. Early versions were often a single supercomputer, but current versions now include hundreds of computers connected to multiple communication networks. The exponential expansion of data quantities is driving this transition, with IDC's Data Age study forecasting a tenfold increase.

Data center considerations encompass various factors such as:

Redundancy/Backup-High-tier data centers feature numerous redundancies in power and backup servers, varying significantly based on the quality of the data center's architecture.

High-tier data centers feature numerous redundancies in power and backup servers, varying significantly based on the quality of the data center's architecture.

Efficiency - A large data center's power consumption is comparable to a small town, and it aims to reduce costs by optimizing cooling operations and utilizing energy-efficient technology.

Security-The implementation of effective physical security measures such as electronic surveillance, access controls, and on-site security personnel significantly reduces the likelihood of criminal activities gaining access to the site.

Maintenance and monitoring-To keep track of server breakdowns and other hardware issues, on-site or on-call network experts are required. Proper response helps to assure server availability and eliminates quality of service decreases.

Bandwidth -A data center's capacity to handle all network traffic is crucial, and bandwidth concerns are integral to both external network connections and the internal data center topology, ensuring sufficient capacity.

Data Center Market Segment Analysis

Types of data centers

Enterprise (on-premises) data centers

On-premises data centers host IT infrastructure and data, providing businesses with greater control over information security and compliance with regulations like GDPR and HIPAA. Companies are responsible for deployment, monitoring, and administration in these data centers, ensuring they can comply with regulations like the European Union's General Data Protection Regulation and the US Health Insurance Portability and Accountability Act.

Public cloud data centers

Cloud data centers store IT infrastructure resources shared by various customers via an internet connection. Major cloud service providers like AWS, Google Cloud Platform, IBM Cloud, Microsoft Azure, and Oracle Cloud Infrastructure manage hyper scale data centers. Most of the world's largest providers operate multiple hyper scale data centers. Edge data centers, closer to cloud clients and customers, help minimize latency for real-time, data-intensive workloads like big data analytics, AI, and content delivery apps, enhancing application performance and customer experience.

Competitive Landscape of the Data Center Market Analysis

• IBM Corporation
• Google LLC
• Equinix, Inc.
• AT&T Inc.
• Apple Inc.
• Cisco Systems Inc.

New Developments

Jun 6, 2023 IBM to Build its First European Quantum Data Center to Serve Expanding Ecosystem

June 6, 2023 IBM announced plans to open its first Europe-based quantum data center to facilitate access to cutting-edge quantum computing for companies, research institutions and government agencies.

The data center is expected to be operational in 2024, with multiple IBM quantum computing systems, each with utility scale quantum processors, i.e., those of more than 100 qubits.

SEPTEMBER 26, 2023 Equinix Serves as Gateway for Southern Cross NEXT Subsea Cable System, Linking Australia and New Zealand with the U.S.

Sept. 26, 2023 -- Equinix, Inc. the world's digital infrastructure company, today announced an expanded relationship with Southern Cross Cables Limited (Southern Cross) to provide a key U.S.-based interconnectivity access point for the Southern Cross NEXT (SX NEXT) submarine cable system. SX NEXT will leverage Equinix's next-generation cable landing station (CLS) architecture, enabling rapid provisioning and cost savings for the cable network provider.

Market Trends

The Internet of Things (IoT) is gaining popularity across various sectors, with the global IoT device market expected to quadruple to USD 29 billion by 2030.

 IoT devices generate data storage needs in various consumer and industrial sectors.

Since 2020, over half of global firms have shifted their workloads to the cloud, increasing demand for independent data centers. IT corporations account for the majority of data center demand, which is expected to reach USD 222 billion by 2023.

Regional Analysis

“The scope for data centers across North America is currently being explored.”

The North America region is expected to maintain its dominance in data center architectural due to increased corporate investments and improved IT infrastructure. The San Francisco Bay Area, according to the Economic Report, now ranks third in the US data center business, with around 120 data centers, 335 service providers, and nine network fabrics. The region has seen significant propagation in the US.

“The Middle East and Africa are expected to face challenges in the data center industry.”

As the Middle East and Africa (MEA) transitions to technology, cloud services are expected to play a significant role in the region's economy. Companies are investing in MEA to gain a significant share of the cloud computing sector, with Microsoft Corporation planning to establish cloud data centers in Abu Dhabi and Dubai.

“The market for data centers is expected to be influenced by various factors such as the country's economic climate, technological advancements, and technological advancements.”

Japan's growing prominence as a data center powerhouse offers numerous colocation opportunities in technology, machinery, robotics, medical and scientific research, and machinery, making it a prime location for significant opportunities in the data center space.

Segments Covered in the Data Center Market Report

By Type:

• New Data Centers
• Internal Data Centers
• Service Provider Data Centers
• Data Center Rebuild

By Application:

• Data Centers for IT & Telecom
• Data Centers for BFSI
• Data Centers for Governments
• Data Centers for Healthcare
• Others

By Consulting:

• Network Design
• Network Design & Planning
• Security Consulting
• Network Analysis
• Benchmarking
• Needs Assessment
• Operation Assessment
• Process Improvement

By Integration:

• Project Management
• Installation
• Test & Debug
• Custom Software Development
• Security Implementation
• Change Management
• System Configuration
• Training & Site Preparation

Frequently Asked Questions

What is the expected growth rate of the Data Center market over the next 7 years?

Data Center Market is estimated to increase at a CAGR of 12.9% from $ 79.45 Billion in 2023 to $ 296.24 Billion by 2030| Report 2023 by published by Market Report Service

Who are the major players in the Data Center market and what is their market share?

ID Quantique, Qubitekk, Quantum XC, QuintessenceLabs, PQ Solutions Limited, Toshiba Corporation, Infineon Technologies AG, Thales (Gemalto), MagiQ Technologies, Crypta Labs Ltd., Anhui Qasky Quantum Technology Co. Ltd., ISARA Corporation, QuantumCTek Co., Ltd., QuNu Labs Pvt. Ltd, are prominent players operating and dominating in the market.

Who are the top 3 Data Center Market Key Vendors?

IBM Corporation, Google LLC, Equinix, Inc., AT&T Inc., Apple Inc., Cisco Systems Inc., are key players in the Data Center market.

Which geographical areas dominate the worldwide market for Data Center?

North America region are emerging as the top regional markets for Data Center solutions.