Global Data Center Services Market Size 2024, Forecast To 2033
11 Mar, 2024
The data center services market size has grown rapidly in recent years. It will grow from $68.44 billion in 2023 to $78.51 billion in 2024 at a compound annual growth rate (CAGR) of 14.7%. The growth in the historic period can be attributed to rising adoption of digitalization, an increase in the number of data centers, strong economic growth in emerging markets and growing demand for cloud computing. The data center services market size is expected to see rapid growth in the next few years. It will grow to $131.45 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%. The growth in the forecast period can be attributed to an increase in usage of ott (over-the-top) services, increasing internet penetration, increasing volume of structured and unstructured data and increasing 5g subscriptions. Major trends in the forecast period include new technology advancements, micro data center services, hyper-scale data centers with clean energy, focus on off-grid data center-as-a-service and partnerships and collaborations.
Global Data Center Services Market Key Driver
The widespread adoption of digitalization is poised to be a substantial driver for the growth of the data center services market. The surge in digitalization stems from the need for enhanced productivity, reduced operational costs, faster decision-making, increased efficiency, technological advancements, and a push towards digital transformation by stakeholders. This surge in digitalization is generating a massive volume of data that necessitates storage, driving the demand for data centers. This, in turn, creates a substantial demand for data center services encompassing the setup, management, and operation of data centers. A survey conducted by Fujitsu in August 2021 among 1,200 CXOs and decision-makers in nine countries highlighted the accelerated digital transformation, with 82% of respondents from offline organizations expediting their integration of digital technologies into their business during the pandemic. Hence, the growing adoption of digitalization continues to drive the data center services market. In 2024, this market aligns with the evolving landscape of digitalization.
Get A Free Sample Of The Global Data Center Services Market ReportGlobal Data Center Services Market Segments
The data center services market covered in this report is segmented –
1) By Services: Installation And Integration Services, Training Services, Consulting Services, Maintenance And Support, Other Services
2) By Type: Small Data Centers, Medium Data Centers, Large Data Centers
3) By Infrastructure Type: Servers, Storage And Networking
4) By Application: BFSI (Banking, Financial Services And Insurance), Colocation, Energy, Government, Healthcare, IT (Information Technology) And Telecom, Manufacturing, Other Applications
By Geography:The regions covered in the data center services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the data center services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data center services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Data Center Services Industry Players
Fujitsu Ltd, Equinix Inc., Cisco Systems Inc, Huawei Technologies Co. Ltd, Capgemini SE, Hewlett Packard Enterprise Company, NTT Communications, Dell Technologies, IBM Corporation, HCL Technologies Limited, CtrlS, ESDS, GPX devlopes, sify technologies, Nxtra data limited, Alibaba Group, Chayora, China Mobile International, Chindata Group, GDS Services, Haoyun Changsheng, Keppel Data Centres, Shanghai Atrium, Tencent, Tenglong Holding Group, ABB Ltd, Interxion, Euclyde Data Centers, STT GDC, Echelon Data Center, NDC Data Centers GmbH, Broadcom Inc, Arista Networks, 4D Data Center, ClusterPower, Linxdatacenter, Infosys Poland, CoreSite LA1 Data Center, Digital Realty 350 E Cermak Data Center, Zenlayer, Cyxtera, Systems-X, ISK Global, Quanam, Ithreex Global, Systemico, Zimmic, Andes Digital, Nournet, Detasad, Mobily, STC, Salam, Gulf Data Hub, Go DC, Gateway Gulf, Nashirnet, MainOne, PCCW Global, Databridge, ONIX Data Centre, IXAfrica, ST Digital, Raxio, N+One, Africa Data Centres, Teraco, Rack Centre Africa.
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Data Center Services Market Overview
Data center services refer to a general term for all the auxiliary elements required for a data center to function properly and provide organizations with networking, data backup and recovery, data management, website hosting, and other services with the help of hardware and software.
Data Center Services Global Market Report 2023 provides data on the global data center services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The data center services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.