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Data Center Market Trends That Will Shape the Next Decade: Insights from Technological Advancements And Mobile Data Centers With Enhanced Power Capabilities
Data Center
How Large Will the Data Center Market Size By 2025?
The market size for data centers has seen a robust increase in recent years. It is projected to expand from $276.2 billion in 2024 to $299.63 billion in 2025, with a compound annual growth rate (CAGR) of 8.5%. Factors such as enterprise IT growth, the prevalence of mobile devices, the internet and digital revolution, business continuity necessities, and data center consolidation have contributed to the growth experienced during the historical period.
How Big Is the Data Center Market Size Expected to Grow by 2029?
A robust expansion is anticipated for the data center market in the coming years, with an estimated value of $418.44 billion by 2029. This is expected to occur at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecasted period can be attributed to various factors such as the rise in digitalization, the sprawl of cloud services, hybrid cloud adoption, emphasis on sustainability and green initiatives, and the impact of a remote workforce on cybersecurity prioritization. The imminent trends within this frame include the growth of edge computing, migration to the cloud, continued hybrid cloud adoption, the integration of AI and machine learning, as well as sustainability-focused programs.
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Which Key Market Drivers Powering Data Center Market Expansion and Growth?
The burgeoning expansion in data volumes is anticipated to fuel advancements in the data centers market. Data encompasses information that has been transformed into a format that is convenient for processing and utilizing. Presently, all kinds of firms process and store vast amounts of data daily, which necessitates its storage in data centers. As a result, data volumes have been experiencing exponential growth, spurring the progress of the data centers market. For example, in December 2022, as per a report by Israel-based data software firm Firebolt Analytics Inc., companies have been witnessing a rise in data volumes. The average increase went from 107 TB in 2021 to a projected 213 TB in 2023. This increase mirrors the continuous expansion in the scope of data management within organizations. Consequently, the surge in data volumes is propelling the data center market's growth.
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Which Fast-Growing Trends Are Poised to Disrupt the Data Center Market?
Progress in technology is leading the current trends in the data center market. The key players in this field are focusing on developing products that reflect these technological advancements. A prime example is the mobile data center, characterized by its impressive power capability and simplified design. The US-based company, Verakaria, known for its cryptocurrency hosting and mining services, recently introduced the Mobile Datacenter. The model can manage up to 2.57 MW of power which equals to 696 miners, and it fits in a 10'W-50'L-14'H product footprint. The data center not only has enhanced power capabilities and a minimalist design, but it is also resilient in fluctuating weather conditions. It has been designed with mobility in mind, constructed to allow for quick transportation and easy installation wherever required.
What Are the Emerging Segments in the Data Center Market?
The data centermarket covered in this report is segmented -
1) By Type: Colocation, Hyperscale, Edge, Other Types
2) By Component: Solution, Services
3) By Enterprise Size: Large Enterprises, Small And Medium Enterprises (SMEs)
4) By End User: BFSI, IT And Telecom, Government, Energy And Utilities, Other End Users
Subsegments:
1) By Colocation: Retail Colocation, Wholesale Colocation
2) By Hyperscale: Cloud Service Providers, Large-Scale Enterprises
3) By Edge: Micro Data Centers, Mobile Edge Computing
4) By Other Types: Modular Data Centers, Containerized Data Centers, Traditional Data Centers
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Who Are the Global Leaders in the Data Center Market?
Major companies operating in the data center market are Caterpillar Inc., Cummins Inc., ABB Ltd., Generac Power System Inc., KOHLER Group, Hitech Power Protection, Rolls Royce Power Systems AG, Aggreko Company, Eaton Corporation, F.G. Wilson, Atlas Copco, Himoinsa SL, MTU Friedrichshafen GmbH, Wärtsilä Corporation, Schneider Electric SE, Siemens AG, Emerson Electric Co., Socomec Group, Riello UPS, Vertiv Co., Delta Electronics Inc., Toshiba Corporation, Fuji Electric Co.Ltd., Kirloskar Electric Company, Yanmar Co. Ltd.
Which are the Top Profitable Regional Markets for the Data Center Industry?
North America was the largest region in the data center market in 2024. The regions covered in the data center market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Speak With Our Expert:
Saumya Sahay
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email:saumyas@tbrc.info
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