The global data center market is expected to witness significant growth owing to the increasing penetration of high-end cloud computing among enterprises and the rising investments in data center applications across the globe. In addition, the increasing implementation of the Internet of Things and hybrid & multi-cloud architecture solutions is expected to create expansive opportunities in the industry. However, the rising concerns related to data privacy coupled with the increasing demand for managed services may hamper the market’s growth.
The global data center market is predicted to garner $517.17 billion by 2030. The market generated a revenue of $187.35 billion in 2020 and is projected to grow at a noteworthy CAGR of 10.5% from 2021 to 2030.
The North America region held the highest market share in terms of revenue in 2020, garnering about two-fifths of the global data center market. This is because of the existence of a large number of data centers across the region. However, the Asia-Pacific region is expected to showcase the greatest CAGR of 14.7% over the estimated period from 2021 to 2030, owing to the increasing magnitudes of data center traffic in countries, including Australia, India, and China.
By component, the solution segment held the highest market share in terms of revenue in 2020, contributing to more than three-fourths of the global data center market. This is mainly due to the increasing adoption of more powerful and efficient data center solutions across many organizations to reduce the cost associated with the operations of data centers and optimize profit. On the contrary, the services segment is expected to exhibit the highest CAGR of 12.4% during the analysis timeframe, due to the increasing expenditure in data center technology.
By solution, the hyperscale segment generated the biggest market share in terms of revenue, providing more than two-fifths of the global data center market. This is mainly due to the increase in demand for energy-efficient and cost-effective data interruption solutions among various large and small & medium-scale organizations.
Major industry players operating in the data center industry such as SAP SE, Amazon.com Inc., Digital Realty, Microsoft, NTT Communication Corporation, Alphabet Inc., IBM Corporation, Oracle, Hewlett Packard Enterprise, Equinix Inc.
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Analyzing Factors that Significantly Impact the Data Center Industry
The AMR report emphasizes the factors that significantly influence the growth of the global data center industry. Increase in trend of high-end cloud computing and rise in investment in data center application along with exponential rise in data centers globally are among the key factors that drive the industry growth, claims AMR. A study revealed that as of March 2024, there were more than 10,000 data centers operating globally. Furthermore, the study states that rise in penetration of virtualized data centers is contributing to the market growth. However, alarming increase in data privacy concerns acts as the key deterrent factor of the industry. Conversely, proliferation of IoT devices is expected to open new avenues for market expansion. This is attributed to the fact that growing number of IoT devices will generate massive volume of data that needs to be processed and stored. This, in turn, is expected to boost the demand for data center services.
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Industry Snapshot
Studies reveal that the year 2024 witnessed record-breaking deals of mergers and acquisitions in the data centers sector. Data center-related M&A deals reached a revenue of $73 billion in 2024. In December 2024, Blackstone, the world’s largest provider of data center services, signed a definitive agreement to acquire AirTrunk, the leading data center platform in Asia-Pacific. The deal was signed at $24 billion, which represented Blackstone’s largest investment in the region.
Furthermore, in October 2024, DigitalBridge Group, Inc., a global leader in digital infrastructure investment, finalized an acquisition agreement with Yondr Group, a prominent operator and developer of hyperscale data centers. This acquisition aimed to foster the development of sustainable and high-tech data centers. The acquisition is projected to close in early 2025.
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