Data Center Equipment Market Size, Share, Trends, Industry Analysis & Growth 2032

Data Center Equipment Market Insights

According to the report published by Zion Market Research, the global Data Center Equipment Market size was valued at USD 66.05 Billion in 2023 and is predicted to reach USD 226.42 Billion by the end of 2032. The market is expected to grow with a CAGR of 14.67% during the forecast period. The report analyzes the global Data Center Equipment Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Data Center Equipment industry.

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Global Data Center Equipment Market: Overview

A data center depends upon several distinct components that work together interdependently and is a highly complex operation. Taking into account every possible operational contingency and the business needs, the right equipment with specific expectations and demands are required by the data center. As the data center is becoming the backbone of the organizations, data center equipment helps to keep IT equipment operating and ensure the organization's uptime.

Global Data Center Equipment Market: Growth Factors

The market for data center equipment is growing at a lucrative rate. Some of the major factors that are fostering the growth of the global market include increase in adoption of cloud solutions, large amount of data that is been generated, and growing investments in the building of data centers in developing economies. To improve business agility with up-to-date information to the employees, data management has become very crucial for every organization. To aid better data management, there is an increase in preference for well-established data centers by the company. Across the world, data centers have become a top priority for organizations to enhance their requirements of IT infrastructure. Email & file sharing, customer relationship management (CRM), enterprise resource planning (ERP) & databases, virtual desktops, communications & collaboration services, and productivity applications are the features of data centers that support business activities and applications. All such factors have led to increase in use of data centers which in turn is fostering the demand for data center equipment.

This is boosting the growth of the global data center equipment market. Moreover, the increase in necessity for data storage & data backup, rise in digitalization, and growing use of multiple operating systems are driving the market growth. In addition to this, growing need for network equipment and power distribution system are also significantly contributing to the growth of the market. Furthermore, the use of new photovoltaic technologies to improve the efficiency of data center equipment may create various opportunities for the growth of the global data center equipment market over the forecast period. However, lack of skilled resources and professionals for the management of data center equipment may impede the growth of the global data center equipment market.

The impact of COVID-19 on data center equipment market is moderate to low. In fact, many manufacturers reported steady growth during the pandemic period. With the restrictions on physical movements, many businesses turn to online tools and services. This has generated healthy demand for data centers around the world to store a large amount of customer data. In addition to that, increasing concerns regarding secure data storage and data backup have also fueled the demand for data center equipment during the pandemic period. However, with the increasing digitalization and rising use of e-commerce demand for data centers is expected to increase which in turn will fuel the demand for data center equipment over the forecast period.

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Global Data Center Equipment Market: Segmentation

The global data center equipment market is bifurcated based on product, end-use, and region.

Based on product the global data center equipment market is segregated as power distribution system, storage devices, servers, networking equipment, and others.

By end-use, the global data center equipment market is bifurcated as telecommunications, banking, financial services & insurance (BFSI), healthcare & pharmaceuticals, retail, government, manufacturing, business enterprises, and others.

Data Center Equipment Market: Report Scope

Global Data Center Equipment Market: Regional Analysis

North America is projected to remain the largest market for data center equipment during the forecast period. Factors such as large number of data centers, a vast number of IT companies, and rising need for data storage equipment for storing huge data generated by IT, banking, and telecom sectors are expected to drive the regional market. Asia Pacific is expected to be the most lucrative market for data center equipment. Increasing data center projects in emerging countries such as India & China and increasing adoption of digital technologies have increased the need for data center equipment.

Global Data Center Equipment Market: Competitive Players

The major players that are functioning in the global data center equipment market are:

• Juniper Networks
• Dell Inc.
• Avaya Inc.
• Cisco Systems Inc.
• Huawei Technologies Co. Ltd
• QNAP Systems Inc.
• Fujitsu Corporation
• Oracle Corporation
• IBM Corporation
• Hewlett Packard Co
• EMC Corporation, and others.

The Global Data Center Equipment Market is segmented as follows:

By product 

• power distribution system
• storage devices
• servers
• networking equipment
• and others

By end-use 

• telecommunications
• banking
• financial services & insurance (BFSI) 
• healthcare & pharmaceuticals
• retail
• government
• manufacturing
• business enterprises, and others

Global Data Center Equipment Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.