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
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.
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Heterogeneous Network
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
4 Executive Summary
- Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.2 Supply Chain Analysis
6 Global Data Center Market, By Segments
6.1 Introduction
6.2 Market Statistics
6.2.1 By Type
6.2.1.1 Corporate Data Centers
6.2.1.2 Webhosting Data Centers
6.2.2 By Density
6.2.2.1 Low
6.2.2.2 Medium
6.2.2.3 High
6.2.2.4 Extreme
6.2.3 By Vertical
6.2.3.1 Banking And Financial Services
6.2.3.2 Telecom And It
6.2.3.3 Government
6.2.3.4 Healthcare
6.2.3.5 Others
6.2.4 By Region
6.2.4.1 North America
6.2.4.1.1 U.S.
6.2.4.1.2 Canada
6.2.4.1.3 Mexico
6.2.4.2 Europe
6.2.4.2.1 U.K.
6.2.4.2.2 Germany
6.2.4.2.3 France
6.2.4.2.4 Italy
6.2.4.2.5 Rest Of The Europe
6.2.4.3 Asia Pacific
6.2.4.3.1 China
6.2.4.3.2 Japan
6.2.4.3.3 South Korea
6.2.4.3.4 India
6.2.4.3.5 Rest Of The Asia Pacific
6.2.4.4 Rest Of The World
7 Competitive Analysis
7.1 Market Share Analysis
7.2 Company Profiles
7.2.1 Digital Realty Trust, Inc (U.S)
7.2.2 Ibm Corporation (U.S)
7.2.3 Hitachi Ltd (Japan)
7.2.4 Cisco System, Inc (U.S)
7.2.5 Hewlett-Packard Inc (U.S)
7.2.6 Emc Corporation (U.S)
7.2.7 Cyrusone (U.S)
7.2.8 Global Switch (U.K)
7.2.9 Dupont Fabros Technology (U.S)
7.2.10 Telehouse (U.K)
List Of Tables
Table 1 Data Center Market, By Component
Table 2 Data Center Market, By Technology
Table 3 Data Center Market, By Application
Table 4 Data Center Market, By Region
Table 5 North America Data Center Market, By Component
Table 6 North America Data Center Market, By Technology
Table 7 North America Data Center Market, By Application
Table 8 U.S. Data Center Market, By Component
Table 9 U.S. Data Center Market, By Technology
Table 10 U.S. Data Center Market, By Application
Table 11 Canada Data Center Market, By Component
Table 12 Canada Data Center Market, By Technology
Table 13 Canada Data Center Market, By Application
Table 14 Mexico Data Center Market, By Component
Table 15 Mexico Data Center Market, By Technology
Table 16 Mexico Data Center Market, By Application
Table 17 Europe Data Center Market, By Component
Table 18 Europe Data Center Market, By Technology
Table 19 Europe Data Center Market, By Application
Table 20 U.K. Data Center Market, By Component
Table 21 U.K. Data Center Market, By Technology
Table 22 U.K. Data Center Market, By Application
Table 23 Germany Data Center Market, By Component
Table 24 Germany Data Center Market, By Technology
Table 25 Germany Data Center Market, By Application
Table 26 France Data Center Market, By Component
Table 27 France Data Center Market, By Technology
Table 28 France Data Center Market, By Application
Table 29 Italy Data Center Market, By Component
Table 30 Italy Data Center Market, By Technology
Table 31 Italy Data Center Market, By Application
Table 32 Rest Of Europe Data Center Market, By Component
Table 33 Rest Of Europe Data Center Market, By Technology
Table 34 Rest Of Europe Data Center Market, By Application
Table 35 Asia Pacific Data Center Market, By Component
Table 36 Asia Pacific Data Center Market, By Technology
Table 37 Asia Pacific Data Center Market, By Application
Table 38 China Data Center Market, By Component
Table 39 China Data Center Market, By Technology
Table 40 China Data Center Market, By Application
Table 41 Japan Data Center Market, By Component
Table 42 Japan Data Center Market, By Technology
Table 43 Japan Data Center Market, By Application
Table 44 South Korea Data Center Market, By Component
Table 45 South Korea Data Center Market, By Technology
Table 46 South Korea Data Center Market, By Application
Table 47 India Data Center Market, By Component
Table 48 India Data Center Market, By Technology
Table 49 India Data Center Market, By Application
Table 50 Rest Of Asia Pacific Data Center Market, By Component
Table 51 Rest Of Asia Pacific Data Center Market, By Technology
Table 52 Rest Of Asia Pacific Data Center Market, By Application
Table 53 Rest Of World Data Center Market, By Component
Table 54 Rest Of World Data Center Market, By Technology
Table 55 Rest Of World Data Center Market, By Application
List Of Figures
Figure 1 Research Component
Figure 2 Data Center Market, By Component (%)
Figure 3 Data Center Market, By Technology (%)
Figure 4 Data Center Market, By Application (%)
Figure 5 Data Center Market, By Region (%)
Figure 6 North America Data Center Market, By Component (%)
Figure 7 North America Data Center Market, By Technology (%)
Figure 8 North America Data Center Market, By Application (%)
Figure 9 U.S. Data Center Market, By Component (%)
Figure 10 U.S. Data Center Market, By Technology (%)
Figure 11 U.S. Data Center Market, By Application (%)
Figure 12 Canada Data Center Market, By Component (%)
Figure 13 Canada Data Center Market, By Technology (%)
Figure 14 Canada Data Center Market, By Application (%)
Figure 15 Mexico Data Center Market, By Component (%)
Figure 16 Mexico Data Center Market, By Technology (%)
Figure 17 Europe Data Center Market, By Component (%)
Figure 18 Europe Data Center Market, By Technology (%)
Figure 19 Europe Data Center Market, By Application (%)
Figure 20 U.K. Data Center Market, By Component (%)
Figure 21 U.K. Data Center Market, By Technology (%)
Figure 22 U.K. Data Center Market, By Application (%)
Figure 23 Germany Data Center Market, By Component (%)
Figure 24 Germany Data Center Market, By Technology (%)
Figure 25 Germany Data Center Market, By Application (%)
Figure 26 France Data Center Market, By Component (%)
Figure 27 France Data Center Market, By Technology (%)
Figure 28 France Data Center Market, By Application (%)
Figure 29 Italy Data Center Market, By Component (%)
Figure 30 Italy Data Center Market, By Technology (%)
Figure 31 Italy Data Center Market, By Delivery Model (%)
Figure 32 Italy Data Center Market, By Organization Size (%)
Figure 33 Italy Data Center Market, By Application (%)
Figure 34 Rest Of Europe Data Center Market, By Component (%)
Figure 35 Rest Of Europe Data Center Market, By Technology (%)
Figure 36 Rest Of Europe Data Center Market, By Application (%)
Figure 37 Asia Pacific Data Center Market, By Component (%)
Figure 38 Asia Pacific Data Center Market, By Technology (%)
Figure 39 Asia Pacific Data Center Market, By Application (%)
Figure 40 China Data Center Market, By Component (%)
Figure 41 China Data Center Market, By Technology (%)
Figure 42 China Data Center Market, By Application (%)
Figure 43 Japan Data Center Market, By Component (%)
Figure 44 Japan Data Center Market, By Technology (%)
Figure 45 Japan Data Center Market, By Application (%)
Figure 46 South Korea Data Center Market, By Component (%)
Figure 47 South Korea Data Center Market, By Technology (%)
Figure 48 South Korea Data Center Market, By Application (%)
Figure 49 India Data Center Market, By Component (%)
Figure 50 India Data Center Market, By Technology (%)
Figure 51 India Data Center Market, By Application (%)
Figure 52 Rest Of Asia Pacific Data Center Market, By Component (%)
Figure 53 Rest Of Asia Pacific Data Center Market, By Technology (%)
Figure 54 Rest Of Asia Pacific Data Center Market, By Application (%)
Figure 55 Rest Of World Data Center Market, By Component (%)
Figure 56 Rest Of World Data Center Market, By Technology (%)
Figure 57 Rest Of World Data Center Market, By Application (%)
