Data Centers Market by Component (Hardware, Services, Solution), Type (Cloud Data Centers, Colocation Data Centers, Enterprise Data Centers), Data Center Rating, End-User - Global Forecast 2024-2030
Description
Data Centers Market by Component (Hardware, Services, Solution), Type (Cloud Data Centers, Colocation Data Centers, Enterprise Data Centers), Data Center Rating, End-User - Global Forecast 2024-2030
The Data Centers Market size was estimated at USD 102.09 billion in 2023 and expected to reach USD 113.14 billion in 2024, at a CAGR 10.92% to reach USD 211.00 billion by 2030.
Data centers are specialized facilities that include computer systems, telecommunications, and storage systems, along with the necessary components for power supply, data communication connections, environmental controls (including air conditioning and fire suppression), and security devices. These centers serve as critical infrastructure for storing, managing, and disseminating large volumes of data, hosting websites, supporting cloud computing services, and enabling various IT operations for businesses, governments, and other organizations. The growth of the data centers market is propelled by the increasing use of content-based online media services and social media, the rising smart city development, and the need for data center colocation services. However, the high installation and construction cost of data centers and technical and data security issues in data centers hinder their adoption. The emergence of high-capacity hyper scale data centers based on 5G network facilities offers expansion opportunities for the data centers market.
Regional Insights
The data centers market is driven by advanced technological infrastructure and the presence of global tech giants in the Americas, particularly in the United States. Canada and Brazil contribute significantly, driven by their growing tech industries and increased internet penetration among their populations. The Americas region witnesses a trend toward green data centers, focusing on sustainability and energy efficiency as environmental regulations tighten and corporate social responsibility grows in importance. The Asia-Pacific region witnesses rapid growth in the data centers market, fueled by digital transformation initiatives in countries including China, India, and Japan. The region benefits from a large and growing internet user base, increasing demand for cloud services, and significant investments in telecommunications infrastructure. The trend toward building hyper-scale data centers, which are massive facilities capable of handling significant amounts of data, is evident in this region, driven by local and international tech companies. The EMEA region exhibits a diverse landscape in the data centers market. Europe strongly focuses on data protection and privacy, guided by regulations such as the General Data Protection Regulation (GDPR), affecting how data centers are managed and where data is stored. The Middle East region showcases increased investment in data centers, driven by the region's strategic geographic location and initiatives to diversify economies away from oil. The African data centers market is showcasing promising growth, fueled by increasing mobile internet access and the digital economy.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Data Centers Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Adoption of broadband and internet mediums resulting in IP traffic worldwide
- Growing usage of content-based online media services and social media
- Rising smart city development and the need for data center colocation services
- Market Restraints
- High cost of installation and construction of data centers
- Market Opportunities
- Ongoing technological advancements in data centers
- Growing focus on sustainability in data centers
- Market Challenges
- Technical and data security issues in data centers
- Market Segmentation Analysis
- Component: Need for effective and advanced data center hardware components
- Type: Increasing demand for cloud data centers due to their ability to provide scalable, flexible, and efficient data storage and computing services
- Data Center Rating: Adoption of Tiers 3 and 4 by larger organizations that require robust, uninterrupted services.
- End-Use Industry: Widening adoption of data centers in IT & telecommunications to enable the vast data traffic flow across global networks
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Data Centers Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Data Centers Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- Strategic Expansion through Data Centre Acquisition by T4 Group a Move to Enhance Business Empowerment
T4 Group acquired a significant data center, marking a pivotal step in its expansion plans. This move is an expansion of T4 Group's physical footprint and a reinforcement of its commitment to providing enhanced, reliable services to businesses. T4 Group aims to offer improved data management and storage solutions by integrating this new facility, empowering its clientele with better efficiency, scalability, and security.
OData's Strategic Expansion in Mexico Elevating Local Digital Infrastructure with Two New Data Centre Campuses
OData announced its expansion within the country by developing two new data center campuses. This initiative marked a significant investment to bolster Mexico's growing demand for robust and reliable data services, catering to local businesses and international investors seeking a foothold in the Latin American market.
Amazon's AWS Expands its Global Footprint with a Major Investment in Saudi Arabia
Amazon Web Services (AWS) intends to expand its infrastructure significantly by establishing data centers in Saudi Arabia. This strategic move, involving an investment exceeding USD 5.3 billion, underscores AWS's commitment to meeting the growing demand for cloud services in the Middle East.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Data Centers Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Data Centers Market, highlighting leading vendors and their innovative profiles. These include Advanced Micro Devices, Inc., Alibaba Group Holding Limited, Amazon Web Services, Inc., American Tower Corporation, Apple Inc., Arista Networks, Inc., AT&T Inc., Broadcom Inc., China Telecom Corporation Limited, Cisco Systems, Inc., Cologix, Inc., CyrusOne LLC, Cyxtera Technologies, Inc., Dell Technologies Inc., Digital Realty Trust, Inc., Equinix, Inc., Fujitsu Limited, Global Switch Limited, Google LLC by Alphabet Inc., Hewlett Packard Enterprise Company, Hitachi, Ltd., International Business Machines Corporation, IRON MOUNTAIN INCORPORATED, Juniper Networks, Inc., KDDI Corporation, Lenovo Group Ltd., Lumen Technologies, Inc, Meta Platforms, Inc., Microsoft Corporation, Nippon Telegraph and Telephone Corporation, Nvidia Corporation, Oracle Corporation, Rackspace Technology, Inc., Reliance Industries Limited, SAP SE, Telefonaktiebolaget LM Ericsson, Tencent Holdings Ltd., and Verizon Communications Inc..
Market Segmentation & Coverage
This research report categorizes the Data Centers Market to forecast the revenues and analyze trends in each of the following sub-markets:- Component
- Hardware
- Cooling Systems
- Networking Equipment
- Power Supply & Backup
- Servers
- Storage Systems
- Services
- Consulting Services
- Managed Services
- Professional Services
- Solution
- Type
- Cloud Data Centers
- Colocation Data Centers
- Enterprise Data Centers
- Mega/Hyperscale Data Centers
- Data Center Rating
- Tier 1
- Tier 2
- Tier 3
- Tier 4
- End-User
- Automotive
- Banking Financial Services & Insurance
- Gaming & Entertainment
- Government & Education
- Healthcare & Lifesciences
- IT & Telecom
- Manufacturing
- Retail & eCommerce
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Hardware
- Market Drivers
Table of Contents
186 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Adoption of broadband and internet mediums resulting in IP traffic worldwide
- 5.1.1.2. Growing usage of content-based online media services and social media
- 5.1.1.3. Rising smart city development and the need for data center colocation services
- 5.1.2. Restraints
- 5.1.2.1. High cost of installation and construction of data centers
- 5.1.3. Opportunities
- 5.1.3.1. Ongoing technological advancements in data centers
- 5.1.3.2. Growing focus on sustainability in data centers
- 5.1.4. Challenges
- 5.1.4.1. Technical and data security issues in data centers
- 5.2. Market Segmentation Analysis
- 5.2.1. Component: Need for effective and advanced data center hardware components
- 5.2.2. Type: Increasing demand for cloud data centers due to their ability to provide scalable, flexible, and efficient data storage and computing services
- 5.2.3. Data Center Rating: Adoption of Tiers 3 and 4 by larger organizations that require robust, uninterrupted services.
- 5.2.4. End-Use Industry: Widening adoption of data centers in IT & telecommunications to enable the vast data traffic flow across global networks
- 5.3. Market Trend Analysis
- 5.3.1. Presence of major technology companies, and constant innovations to improve the performance of data centers across the Americas
- 5.3.2. Increased internet and mobile usage, coupled with supportive government initiatives across the APAC region
- 5.3.3. Burgeoning government support for establishing sustainability in data center along with exponential investments in ICT infrastructure in the EMEA region
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework Analysis
- 6. Data Centers Market, by Component
- 6.1. Introduction
- 6.2. Hardware
- 6.3. Services
- 6.4. Solution
- 7. Data Centers Market, by Type
- 7.1. Introduction
- 7.2. Cloud Data Centers
- 7.3. Colocation Data Centers
- 7.4. Enterprise Data Centers
- 7.5. Mega/Hyperscale Data Centers
- 8. Data Centers Market, by Data Center Rating
- 8.1. Introduction
- 8.2. Tier 1
- 8.3. Tier 2
- 8.4. Tier 3
- 8.5. Tier 4
- 9. Data Centers Market, by End-User
- 9.1. Introduction
- 9.2. Automotive
- 9.3. Banking Financial Services & Insurance
- 9.4. Gaming & Entertainment
- 9.5. Government & Education
- 9.6. Healthcare & Lifesciences
- 9.7. IT & Telecom
- 9.8. Manufacturing
- 9.9. Retail & eCommerce
- 10. Americas Data Centers Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Data Centers Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Data Centers Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. Market Share Analysis, 2023
- 13.2. FPNV Positioning Matrix, 2023
- 13.3. Competitive Scenario Analysis
- 13.3.1. Strategic Expansion through Data Centre Acquisition by T4 Group a Move to Enhance Business Empowerment
- 13.3.2. OData's Strategic Expansion in Mexico Elevating Local Digital Infrastructure with Two New Data Centre Campuses
- 13.3.3. Amazon's AWS Expands its Global Footprint with a Major Investment in Saudi Arabia
- 13.3.4. Edged Energy Revolutionizing the U.S. with Ultra-efficient, AI-ready Data Centers
- 13.3.5. Ardent Data Centers Expands Reach with Strategic Acquisition of Pittsburgh Facility
- 13.3.6. Google's Strategic USD 1 Billion Investment in UK Data Centre Infrastructure
- 13.3.7. LightEdge Expands Portfolio with Strategic Acquisition of Advanced Data Center in Minneapolis
- 13.3.8. RIL International and Partners Unveil Cutting-edge Data Centre in Chennai, Expanding India's Digital Infrastructure
- 13.3.9. Digital Realty Elevates India's Data Center Landscape with the Launch of MAA10 in Chennai
- 13.3.10. Vantage Data Centers Secures USD 6.4 Billion to Fuel Expansion Amid Soaring Cloud Services and AI Demand
- 13.3.11. EQT Infrastructure Partners with EdgeConneX for Global Hyperscale Data Center Expansion
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.2. Key Product Portfolio
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
