Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.7 Billion | USD 11.5 Billion | 10.5% | 2023 |
FrequentlyAsked Questions
A data center is a physical room, building, or facility with IT infrastructure for developing, operating, and providing applications and services. It also stores and maintains data for those applications and services.
The data center market is expanding due to several factors, such as growing demand for cloud services, the surge in data generation, rising investment in hyperscale data centers, and the growing end-use industry.
According to the report, the global data center market size was worth around USD 4.7 billion in 2023 and is predicted to grow to around USD 11.5 billion by 2032.
The global data center market is expected to grow at a CAGR of 10.5% during the forecast period.
The global data center market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the presence of major players and technological innovation.
The global data center market is dominated by players like Cisco Systems Inc., 365 Data Centers, Apple Inc., China Telecom Corp. Ltd., Cyxtera Technologies Inc., CyrusOne LLC, Google LLC, Digital Realty Trust Inc., Equinix Inc., Hewlett Packard Enterprise Co., Intel Corp., International Business Machines Corp., KDDI Corp., Microsoft Corp., Nippon Telegraph and Telephone Corp., Oracle Corp., Salesforce Inc., Verizon Communications Inc. and SAP SE among others.
The data center market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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