openPR Logo
Press release

Data Center Market is Forecasted to Expand at a CAGR of 12% from 2024 to 2034

07-05-2024 01:04 PM CET | IT, New Media & Software

Press release from: Fact.MR

The global data center market is set to reach a value of US$ 125.7 billion in 2024 and expand swiftly at a CAGR of 12% to end up at US$ 390.4 billion by the year 2034.

A data center is a physical location within an organization that is used to share IT resources and tools for processing, storing, and sharing information and applications. An enterprise's data center is built on a network of computer programs and storage options designed to exchange data and information. Global data center market expansion is being driven by the transition from traditional on-premise physical servers to virtual network-based data centers, made possible by the advancements in multi-cloud computing.

Request a sample to get extensive insights into the Data Center Market at https://www.factmr.com/connectus/sample?flag=S&rep_id=920

The trend of green data centers has gained high traction, given the increasing need for cost-effective and energy savings along with enhanced efficiency and sustainability. Largely driven by digitization in every industry, data centers are expected to witness potential growth prospects across mature as well as emerging markets. Market participants are leveraging on the megatrend of digitalization. The prime strategy adopted by market frontrunners is enriching their services through value addition at each node of their offerings.

This newly published and insightful report sheds light on Market Insights of IT Data Center, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of IT Data Center Market.

As data centers shift toward supporting more digital strategies, their business will depend on the capabilities of the IT ecosystem to underpin new initiatives. The requirement for a more decentralized approach, to address the need for digital business infrastructure, has been recognized by organizations that have embarked on the digital business journey. With the rapid rise in velocity and volume of data, inefficiency increases with regard to streaming information to the data center for processing.

Data Center Market: Installation & Construction Activities Spearhead with Surging Activities of New Data Center Construction
Revenues from the installation & construction of data centers are poised to remain significantly larger than those from consulting & integration services, albeit the latter will present a comparatively higher growth rate through 2028. The construction of new data center space has demonstrated a five-year high. North American Data Centers, a firm that tracks the data center industry in North America, has stated data center projects of nearly 300 megawatts capacity are under construction in the region.

The surge in construction activities of new data centers is underpinned by a five-year high inventory of the industry and reflecting increased confidence in space leases by real estate developers across leading geographic markets.

Browse Full Report with TOC https://www.factmr.com/report/920/data-center-market

Revenues from new data centers are likely to surpass US$ 104,000 Mn by 2028-end.
Although data center rebuilds currently account for a significantly lower share of the data center market, an impressive growth rate, even though slightly lower than new data center construction, has been foreseen for data center rebuilds in the upcoming years.

The growth of the data center rebuilds is primarily driven by the hyperscale service providers, who are changing ways an IT space is sold and built. In the meantime, the data center providers are revamping their construction strategies for delivering capacity faster in larger chunks. The ongoing shift of the enterprise IT workloads, moving out of the on-premises data center to purpose-built facilities that are operated by colocation and cloud platforms providers, is the "trend behind the trend".

Data Center Market: Impressive Momentum for Consulting & Integration of Data Centers
Data center consulting and integration services are likely to record an impressive rise in light of the rising complexity pertaining to the network design requirements. This coupled with the growing need for data centers across a wide range of industrial sectors will continue to augur well for the growth of the data center market in the near future. Revenues from data center consulting & integration are projected to exhibit an impressive 12.5% CAGR through 2028, which is greater than those from installation & construction.

Data center end-user proliferation, in combination with the rise in customizability and versatility in relevant network designs, will continue to be a key growth determinant for data center the market. With data center transformation being one of the top agendas among enterprises, demand for consulting & integration services is high as enterprises seek expertise for aiding their business strategy, planning, and implementation. "Data center service providers that invest in the consulting & integration skills, for supporting the digital initiatives of their customers, will continue to witness robust remunerativeness in the near future," says a lead Fact.MR analyst.

The data center market will continue to showcase high growth in North America, wherein majority share of the market will continue to be accounted by the U.S. The data center market in Europe will trail that of North America, in terms of revenues; however, revenues from Europe will increase at a comparatively higher rate than those from North America through 2028.

Looking for A customization report click here@ https://www.factmr.com/connectus/sample?flag=RC&rep_id=920

Key Companies Profiled
IBM Corporation
Google LLC
Equinix, Inc.
AT&T Inc.
Apple Inc.
Cisco Systems Inc.
Key Segments Covered

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

Competitive Landscape
Major companies have strong customer networks across the globe. Market frontrunners are tech giants with deep pockets, which aids them to invest heavily in development. Additionally, these players offer diversified services that are tailored as per individual customers.

Growth strategies adopted by market participants are agreements & contracts, collaborations, and new product developments to withstand their market position.

In 2019, Qualcomm Technologies, Inc. launched an AI-based chip family named as Cloud AI 100. The ASIC family comes in a variety of thermal design and form factor points to make a different use case. This newly launched chip is heightened with refined features of AI to provide better performance for devices.

About Fact.MR:
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Sales Team: sales@factmr.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Data Center Market is Forecasted to Expand at a CAGR of 12% from 2024 to 2034 here

News-ID: 3568019 • Views:

More Releases from Fact.MR

Corrosion under Insulation Monitoring Market is Projected to Reach USD 475.2 Million by 2035
Corrosion under Insulation Monitoring Market is Projected to Reach USD 475.2 Mil …
The global corrosion under insulation (CUI) monitoring market is valued at USD 140 million in 2025 and is projected to grow at a CAGR of 13.0%, reaching USD 475.2 million by 2035. This expansion reflects the increasing need for advanced monitoring solutions in industries like oil & gas, chemical, and power, where CUI poses significant risks to infrastructure integrity. Historical growth from 2020 to 2024 was at a CAGR of
Modular Biometric Access Control Terminals Market Valued at US$ 1.3 Billion in Europe | Fact.MR Report
Modular Biometric Access Control Terminals Market Valued at US$ 1.3 Billion in E …
Modular Biometric Access Control Terminals Market is projected to grow from USD 11.3 billion in 2025 to USD 31.4 billion by 2035, expanding at a CAGR of 10.8% during the forecast period. This significant growth is driven by advancements in technology, transitioning from manual lock systems to electronic entry systems, and the widespread adoption of modular biometric terminals for enhanced security. These systems are increasingly vital in commercial, residential, and
U.S. Patient Positioning System Market Growth Supported by Rising Diagnostic and Imaging Procedures, With CAGR of 4.5% by 2035
09-05-2025 | Health & Medicine
Fact.MR
U.S. Patient Positioning System Market Growth Supported by Rising Diagnostic and …
The U.S. patient positioning system market was valued at USD 228 million in 2024 and is projected to grow at a CAGR of 4.5% from 2025 to 2035, reaching USD 370 million by the end of the forecast period. This growth represents an absolute dollar opportunity of USD 131.6 million, driven by increasing surgical procedures, technological advancements, and rising healthcare needs. Historically, the market expanded at a CAGR of 4.0%
Mixed Mode Chromatography Resin Market is Projected to Reach USD 743 Million and, U.S. expected 16.9% by 2035
09-05-2025 | Health & Medicine
Fact.MR
Mixed Mode Chromatography Resin Market is Projected to Reach USD 743 Million and …
Mixed mode chromatography resins market is valued at USD 172 million in 2025 and is projected to grow at a CAGR of 15.7%, reaching USD 743 million by 2035. These resins use multimodal ligands, enabling protein binding through ionic, hydrogen bonding, and hydrophobic interactions, offering improved selectivity, resolution, and capacity compared to single-mode systems. This growth is driven by the increasing demand for sophisticated purification methods in biologics and biosimilar

All 5 Releases


More Releases for Data

Data Catalog Market: Serving Data Consumers
Data Catalog Market size was valued at US$ 801.10 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 23.2% from 2023 to 2029, reaching nearly US$ 3451.16 Mn. Data Catalog Market Report Scope and Research Methodology The Data Catalog Market is poised to reach a valuation of US$ 3451.16 million by 2029. A data catalog serves as an organized inventory of an organization's data assets, leveraging
Big Data Security: Increasing Data Volume and Data Velocity
Big data security is a term used to describe the security of data that is too large or complex to be managed using traditional security methods. Big data security is a growing concern for organizations as the amount of data generated continues to increase. There are a number of challenges associated with securing big data, including the need to store and process data in a secure manner, the need to
HOW TO TRANSFORM BIG DATA TO SMART DATA USING DATA ENGINEERING?
We are at the cross-roads of a universe that is composed of actors, entities and use-cases; along with the associated data relationships across zillions of business scenarios. Organizations must derive the most out of data, and modern AI platforms can help businesses in this direction. These help ideally turn Big Data into plug-and-play pieces of information that are being widely known as Smart Data. Specialized components backed up by AI and
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors. This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption
Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY
Long Term Data Retention Solutions Market - The Increasing Demand For Big Data W …
Data retention is a technique to store the database of the organization for the future. An organization may retain data for several different reasons. One of the reasons is to act in accordance with state and federal regulations, i.e. information that may be considered old or irrelevant for internal use may need to be retained to comply with the laws of a particular jurisdiction or industry. Another reason is to