Data Center Market Outlook from 2024 to 2034

The data center market is estimated to stand at USD 30.41 billion in 2024. The market is forecasted to exceed a valuation of USD 117.24 billion by 2034, recording a CAGR of 14.40%. Data center demand is primarily driven by the exponential upsurge in data consumption and data generation by organizations across multiple industries.

Attributes Details
Estimated Data Center Market Size (2024) USD 30.41 billion
Forecasted Market Size (2034) USD 117.24 billion
Projected Value CAGR (2024 to 2034) 14.40%

The growing need for cloud computing boosts data center demand. Businesses switch to cloud solutions for storage, processing, and software, driving the need for multi-tenant data centers to host these services.

The rise of big data and IoT fuels data center market growth. Data centers are crucial for storing, managing, and analyzing massive amounts of data devices and applications generate.

The surge in eCommerce and digital content drives data center demand. With more people shopping online and streaming media, companies need strong data center infrastructure to handle their digital platforms and services.

Data privacy and security rules lead to investment in data center solutions. Businesses require secure and reliable data center environments to meet strict data protection regulations.

Historical Study on Data Center Market Alongside Future Projections

From 2019 to 2023, the data center market showed strong growth, boasting a 12.70% CAGR. During this period growth accelerated because of the COVID-19 pandemic. This has pushed organizations towards digital transformation.

Around every organization shifted to remote working. This mandated the demand for speedy mobilization of cloud computing to handle the substantial amount of data. This has positively impacted the market outlook.

Attributes Quantitative Outlook
Data Center Market Size (2023) USD 26.83 billion
Historical CAGR (2019 to 2023) 12.70%

Short-term Data Center Market Analysis

The introduction of 5G networks speeds up data transmission and enables new applications. This, in turn, is creating a need for more data center infrastructure to handle the increased data flow. This wireless technology requires quicker downloads, faster access, and seamless streaming, leading to increased demand for high-speed data centers.

Long-term Data Center Market Analysis

Cloud services rely on strong data centers to support applications and computing resources. Cloud providers are prioritizing edge computing, which requires smaller data center infrastructures closer to users.

Consequently, this is leading to a rise in demand for micro data centers. The growing use of cloud services by small, medium, and large businesses is likely to contribute to the market expansion through 2034.

Top Opportunities for Data Centers Providers

The emergence of micro data centers is likely to create significant opportunities for market players. The rising interest in small, convenient, and modular data centers is expected to create a large foundation for micro data centers.

Micro data centers can be set up or expanded easily as needed, helping companies react swiftly to customer needs without extra costs. This increasing demand for micro data centers is likely to bring about future prospects for the market.

Demand Analysis of Data Centers by Region

The North America data center market stands out as a moderately performing regional market. The adoption of cloud facilities and the trend toward digital transformation in every field is driving the demand for hyperscale data center edifice in this region. Europe is witnessing continuous and steady growth in demand for data centers.

Countries Data Center Industry Forecasted CAGR (2024 to 2034)
United States 11.30%
Germany 9.90%
China 15.00%

Rapid Smartphone Penetration is the Top Cause behind Rapid Data Center Adoption in the United States

Demand for data centers in the United States is set to rise with an anticipated CAGR of 11.30% through 2034. Key factors influencing the data center market include:

  • Smartphone penetration is the main reason behind the rapid adoption of data centers in the United States. Smartphone adoption rate is growing promptly in this country, an expected to increase from 83% in 2021 to 85% by 2025. This automatically generates huge amount of data that require data centers to store, process, and distribute them properly. Moreover, the rollout of 5G is likely to spark this demand further during the forecast period.
  • The country places a high priority on sustainability. As a result, adoption of green data center practices is highly evident in the United States. On the other hand, the preference for hybrid cloud solutions and edge computing is growing. This is because organizations are exhibiting an inclination toward flexible and efficient data processing infrastructures.

Growing Smart City Infrastructure is Generating Demand for Data Centers in Germany

The Germany data center market is expected to surge at a CAGR of 9.90% through 2034. The topmost dynamic forces supporting the data center adoption in the country include:

  • Technology is rapidly advancing in Germany and individuals here progressively espousing several internet devices, including smartphones, desktops, tablets, online gaming, and other services.
  • Around 3/4th of the people in this country live in smart cities, and this percentage is growing continuously. For example, smart cities such as Weimar have replaced their street lighting with outmoded bulbs with smart LEDs. Their aim was to combat rising energy prices. More than 80% of the lighting has been substituted with smart lighting solutions. Such infrastructural developments are likely to spark the demand for data center services.

Favorable Government Initiatives Fuel the Data Center Market Growth in China

The market in China is likely to exhibit a CAGR of 15.00% through 2034. Reasons supporting the growth of the data center market in the country include:

  • China is renowned for its smartphone production with existence of prominent brands like Huawei, Apple, Xiaomi, Oppo, and Vivo. Companies here offer inexpensive smartphones with high-end features. This has led to an increase adoption of smartphone in the country. More than half of users replace their phones every year. Presently, the key market players are.
  • The government is actively supporting the establishment of data centers to handle the vast amount of data and store them correctly. For instance, the government's "Broadband China Strategy," is recognized for the dispersion of broadband connection. The government also aims to build an integrated data center system by 2025, with eight computing hubs and ten data center clusters.

Data Center Industry Analysis by Segment

As far as the component of data center is concerned, the hardware segment is likely to acquire 51.80% data center market share. Similarly, the tier 3 data center segment is expected to generate considerable profit in terms of data center tier, possessing a 38.10% revenue share of Data Center industry in 2024.

Segment Estimated Market Share in 2024
Hardware 51.80%
Tier 3 Data Center 38.10%

Energy Focus Elevates Demand for Hardware Solutions in Data Centers

The hardware segment is anticipated to perform better than others in the market. Here are a few key factors that contribute to its acceptance in the market:

  • Constant technological advancements and innovations in hardware components contribute to its reception in the market by ensuring improved performance and efficiency.
  • Adoption of specialized hardware solutions for emerging technologies such as artificial intelligence, machine learning, and edge computing further enhances the hardware segment's appeal.
  • The rising focus on energy efficiency and sustainability also plays a significant role, driving the demand for energy-efficient hardware solutions in data center operations.

Organizations Turn to Tier 3 Data Centers for Efficiency

The tier 3 data center segment is set to take a little less than 1/3rd of the market share, a trend validated by factors such as:

  • Governments are making strict rules about keeping data safe, and tier 3 data centers are popular among organizations because they meet these standards well.
  • Expansion of cloud computing and IoT technologies is driving the need for robust data center infrastructure, contributing to the growth of the tier 3 data center segment.
  • Organizations are focusing on cost-effectiveness and scalability, which are key features offered by tier 3 data centers.

Competitive Landscape

Data center market players implement diverse strategies to gain an edge in this fiercely competitive market. Many companies focus on differentiation through innovative technologies and services.

Some prioritize cost leadership by offering competitive pricing and efficient operations. Others emphasize customer service and support,. Additionally, partnerships and strategic alliances are common strategies to expand market reach and enhance service offerings.

Recent Developments

  • In January 2024, NTT introduced a new data center in India. The facility is neutral to carriers, linked with NTT's other data center sites to reduce delays, and provides easy connections to leading public cloud providers.
  • In July 2023, Akamai Technologies Inc. revealed the inauguration of three fresh cloud data center facilities in Paris, Washington, D.C., and Chicago, accompanied by locations in Seattle and Chennai, India. Alongside these additions, Akamai enhanced its cloud infrastructure by introducing new premium instance types.
  • In August 2022, Microsoft declared the opening of its latest datacenter region in Qatar. This represented a significant achievement as the primary hyperscale cloud provider to deliver top-tier services in the nation. These state-of-the-art data centers are now operational, offering Microsoft Azure and Microsoft 365 services to customers.

Key Data Center Market Players

  • IBM Corporation
  • Cisco System, Inc.
  • HPE
  • Dell Technologies
  • Hitachi Ltd
  • NTT Communications
  • Schneider Electric
  • Comarch SA
  • ABB
  • Huawei Technologies Co., Ltd.

Key Coverage in the Data Center Market Research Report

  • In-depth Analysis of Recently Emerged Data Center Technologies
  • Opportunity Assessment of Hyperscale Data Centers
  • Key Players Offering Data Center Networking
  • Recent Developments in Data Center Storage Solutions
  • Adjacent Study on the Data Center Cooling System Market
  • Emerging Trends in the Data Center Market
  • Data Center Market Analysis and Forecast

Key Segments in the Data Centers Global Market Report

By Component:

  • By Hardware
    • Power Systems
    • Cooling Systems
    • Racks
    • Servers
    • Networking Devices
    • Others
  • DCIM (Data Center Infrastructure Management) Software
    • Cloud-based
    • On-premises
  • Service
    • Professional Services
      • Integration & Implementation
      • Consulting
      • Support & Maintenance
    • Managed Services

By Size:

  • Small
  • Mid-Sized
  • Large

By Type:

  • Enterprise
  • Edge
  • Colocation
  • Hyperscale
  • Cloud
  • Managed
  • Modular

By Tier:

  • Tier-1
  • Tier-2
  • Tier-3
  • Tier-4

By Industry:

  • IT & Telecom
  • BFSI
  • Manufacturing
  • Healthcare
  • Government
  • Others

By Region:

  • North America
  • Latin America
  • Europe Data
  • East Asia Data
  • South Asia & Pacific
  • Middle East & Africa

Table of Content

  • 1. Executive Summary
  • 2. Market Overview
  • 3. Market Background
  • 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
  • 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Component
    • 5.1. Hardware
      • 5.1.1. Power Systems
      • 5.1.2. Racks
      • 5.1.3. Servers
      • 5.1.4. Networking Devices
      • 5.1.5. Others
    • 5.2. Software
    • 5.3. Service
      • 5.3.1. Integration & Implementation
      • 5.3.2. Consulting
      • 5.3.3. Support & Maintenance
      • 5.3.4. Managed Services
  • 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Size
    • 6.1. Small Data Center
    • 6.2. Mid-Sized Data Center
    • 6.3. Large Data Center
  • 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Industry
    • 7.1. IT & Telecom
    • 7.2. BFSI
    • 7.3. Manufacturing
    • 7.4. Healthcare
    • 7.5. Media & Entertainment
    • 7.6. Others
  • 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
    • 8.1. North America
    • 8.2. Latin America
    • 8.3. Western Europe
    • 8.4. Eastern Europe
    • 8.5. South Asia and Pacific
    • 8.6. East Asia
    • 8.7. Middle East and Africa
  • 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 16. Key Countries Market Analysis
  • 17. Market Structure Analysis
  • 18. Competition Analysis
    • 18.1. IBM Corporation
    • 18.2. Cisco System, Inc.
    • 18.3. HPE
    • 18.4. Dell Technologies
    • 18.5. Hitachi Ltd
    • 18.6. NTT Communications
    • 18.7. Schneider Electric
    • 18.8. Comarch SA
    • 18.9. ABB
    • 18.10. Huawei Technologies Co., Ltd.
  • 19. Assumptions & Acronyms Used
  • 20. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034

Table 2: Global Market Value (US$ Million) Forecast by Component, 2019 to 2034

Table 3: Global Market Value (US$ Million) Forecast by Size, 2019 to 2034

Table 4: Global Market Value (US$ Million) Forecast by Industry, 2019 to 2034

Table 5: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 6: North America Market Value (US$ Million) Forecast by Component, 2019 to 2034

Table 7: North America Market Value (US$ Million) Forecast by Size, 2019 to 2034

Table 8: North America Market Value (US$ Million) Forecast by Industry, 2019 to 2034

Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 10: Latin America Market Value (US$ Million) Forecast by Component, 2019 to 2034

Table 11: Latin America Market Value (US$ Million) Forecast by Size, 2019 to 2034

Table 12: Latin America Market Value (US$ Million) Forecast by Industry, 2019 to 2034

Table 13: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 14: Western Europe Market Value (US$ Million) Forecast by Component, 2019 to 2034

Table 15: Western Europe Market Value (US$ Million) Forecast by Size, 2019 to 2034

Table 16: Western Europe Market Value (US$ Million) Forecast by Industry, 2019 to 2034

Table 17: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 18: Eastern Europe Market Value (US$ Million) Forecast by Component, 2019 to 2034

Table 19: Eastern Europe Market Value (US$ Million) Forecast by Size, 2019 to 2034

Table 20: Eastern Europe Market Value (US$ Million) Forecast by Industry, 2019 to 2034

Table 21: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 22: South Asia and Pacific Market Value (US$ Million) Forecast by Component, 2019 to 2034

Table 23: South Asia and Pacific Market Value (US$ Million) Forecast by Size, 2019 to 2034

Table 24: South Asia and Pacific Market Value (US$ Million) Forecast by Industry, 2019 to 2034

Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 26: East Asia Market Value (US$ Million) Forecast by Component, 2019 to 2034

Table 27: East Asia Market Value (US$ Million) Forecast by Size, 2019 to 2034

Table 28: East Asia Market Value (US$ Million) Forecast by Industry, 2019 to 2034

Table 29: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 30: Middle East and Africa Market Value (US$ Million) Forecast by Component, 2019 to 2034

Table 31: Middle East and Africa Market Value (US$ Million) Forecast by Size, 2019 to 2034

Table 32: Middle East and Africa Market Value (US$ Million) Forecast by Industry, 2019 to 2034

List of Figures

Figure 1: Global Market Value (US$ Million) by Component, 2024 to 2034

Figure 2: Global Market Value (US$ Million) by Size, 2024 to 2034

Figure 3: Global Market Value (US$ Million) by Industry, 2024 to 2034

Figure 4: Global Market Value (US$ Million) by Region, 2024 to 2034

Figure 5: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034

Figure 8: Global Market Value (US$ Million) Analysis by Component, 2019 to 2034

Figure 9: Global Market Value Share (%) and BPS Analysis by Component, 2024 to 2034

Figure 10: Global Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034

Figure 11: Global Market Value (US$ Million) Analysis by Size, 2019 to 2034

Figure 12: Global Market Value Share (%) and BPS Analysis by Size, 2024 to 2034

Figure 13: Global Market Y-o-Y Growth (%) Projections by Size, 2024 to 2034

Figure 14: Global Market Value (US$ Million) Analysis by Industry, 2019 to 2034

Figure 15: Global Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034

Figure 16: Global Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034

Figure 17: Global Market Attractiveness by Component, 2024 to 2034

Figure 18: Global Market Attractiveness by Size, 2024 to 2034

Figure 19: Global Market Attractiveness by Industry, 2024 to 2034

Figure 20: Global Market Attractiveness by Region, 2024 to 2034

Figure 21: North America Market Value (US$ Million) by Component, 2024 to 2034

Figure 22: North America Market Value (US$ Million) by Size, 2024 to 2034

Figure 23: North America Market Value (US$ Million) by Industry, 2024 to 2034

Figure 24: North America Market Value (US$ Million) by Country, 2024 to 2034

Figure 25: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 28: North America Market Value (US$ Million) Analysis by Component, 2019 to 2034

Figure 29: North America Market Value Share (%) and BPS Analysis by Component, 2024 to 2034

Figure 30: North America Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034

Figure 31: North America Market Value (US$ Million) Analysis by Size, 2019 to 2034

Figure 32: North America Market Value Share (%) and BPS Analysis by Size, 2024 to 2034

Figure 33: North America Market Y-o-Y Growth (%) Projections by Size, 2024 to 2034

Figure 34: North America Market Value (US$ Million) Analysis by Industry, 2019 to 2034

Figure 35: North America Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034

Figure 36: North America Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034

Figure 37: North America Market Attractiveness by Component, 2024 to 2034

Figure 38: North America Market Attractiveness by Size, 2024 to 2034

Figure 39: North America Market Attractiveness by Industry, 2024 to 2034

Figure 40: North America Market Attractiveness by Country, 2024 to 2034

Figure 41: Latin America Market Value (US$ Million) by Component, 2024 to 2034

Figure 42: Latin America Market Value (US$ Million) by Size, 2024 to 2034

Figure 43: Latin America Market Value (US$ Million) by Industry, 2024 to 2034

Figure 44: Latin America Market Value (US$ Million) by Country, 2024 to 2034

Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 48: Latin America Market Value (US$ Million) Analysis by Component, 2019 to 2034

Figure 49: Latin America Market Value Share (%) and BPS Analysis by Component, 2024 to 2034

Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034

Figure 51: Latin America Market Value (US$ Million) Analysis by Size, 2019 to 2034

Figure 52: Latin America Market Value Share (%) and BPS Analysis by Size, 2024 to 2034

Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Size, 2024 to 2034

Figure 54: Latin America Market Value (US$ Million) Analysis by Industry, 2019 to 2034

Figure 55: Latin America Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034

Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034

Figure 57: Latin America Market Attractiveness by Component, 2024 to 2034

Figure 58: Latin America Market Attractiveness by Size, 2024 to 2034

Figure 59: Latin America Market Attractiveness by Industry, 2024 to 2034

Figure 60: Latin America Market Attractiveness by Country, 2024 to 2034

Figure 61: Western Europe Market Value (US$ Million) by Component, 2024 to 2034

Figure 62: Western Europe Market Value (US$ Million) by Size, 2024 to 2034

Figure 63: Western Europe Market Value (US$ Million) by Industry, 2024 to 2034

Figure 64: Western Europe Market Value (US$ Million) by Country, 2024 to 2034

Figure 65: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 66: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 67: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 68: Western Europe Market Value (US$ Million) Analysis by Component, 2019 to 2034

Figure 69: Western Europe Market Value Share (%) and BPS Analysis by Component, 2024 to 2034

Figure 70: Western Europe Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034

Figure 71: Western Europe Market Value (US$ Million) Analysis by Size, 2019 to 2034

Figure 72: Western Europe Market Value Share (%) and BPS Analysis by Size, 2024 to 2034

Figure 73: Western Europe Market Y-o-Y Growth (%) Projections by Size, 2024 to 2034

Figure 74: Western Europe Market Value (US$ Million) Analysis by Industry, 2019 to 2034

Figure 75: Western Europe Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034

Figure 76: Western Europe Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034

Figure 77: Western Europe Market Attractiveness by Component, 2024 to 2034

Figure 78: Western Europe Market Attractiveness by Size, 2024 to 2034

Figure 79: Western Europe Market Attractiveness by Industry, 2024 to 2034

Figure 80: Western Europe Market Attractiveness by Country, 2024 to 2034

Figure 81: Eastern Europe Market Value (US$ Million) by Component, 2024 to 2034

Figure 82: Eastern Europe Market Value (US$ Million) by Size, 2024 to 2034

Figure 83: Eastern Europe Market Value (US$ Million) by Industry, 2024 to 2034

Figure 84: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034

Figure 85: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 88: Eastern Europe Market Value (US$ Million) Analysis by Component, 2019 to 2034

Figure 89: Eastern Europe Market Value Share (%) and BPS Analysis by Component, 2024 to 2034

Figure 90: Eastern Europe Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034

Figure 91: Eastern Europe Market Value (US$ Million) Analysis by Size, 2019 to 2034

Figure 92: Eastern Europe Market Value Share (%) and BPS Analysis by Size, 2024 to 2034

Figure 93: Eastern Europe Market Y-o-Y Growth (%) Projections by Size, 2024 to 2034

Figure 94: Eastern Europe Market Value (US$ Million) Analysis by Industry, 2019 to 2034

Figure 95: Eastern Europe Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034

Figure 96: Eastern Europe Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034

Figure 97: Eastern Europe Market Attractiveness by Component, 2024 to 2034

Figure 98: Eastern Europe Market Attractiveness by Size, 2024 to 2034

Figure 99: Eastern Europe Market Attractiveness by Industry, 2024 to 2034

Figure 100: Eastern Europe Market Attractiveness by Country, 2024 to 2034

Figure 101: South Asia and Pacific Market Value (US$ Million) by Component, 2024 to 2034

Figure 102: South Asia and Pacific Market Value (US$ Million) by Size, 2024 to 2034

Figure 103: South Asia and Pacific Market Value (US$ Million) by Industry, 2024 to 2034

Figure 104: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034

Figure 105: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 106: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 107: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 108: South Asia and Pacific Market Value (US$ Million) Analysis by Component, 2019 to 2034

Figure 109: South Asia and Pacific Market Value Share (%) and BPS Analysis by Component, 2024 to 2034

Figure 110: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034

Figure 111: South Asia and Pacific Market Value (US$ Million) Analysis by Size, 2019 to 2034

Figure 112: South Asia and Pacific Market Value Share (%) and BPS Analysis by Size, 2024 to 2034

Figure 113: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Size, 2024 to 2034

Figure 114: South Asia and Pacific Market Value (US$ Million) Analysis by Industry, 2019 to 2034

Figure 115: South Asia and Pacific Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034

Figure 116: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034

Figure 117: South Asia and Pacific Market Attractiveness by Component, 2024 to 2034

Figure 118: South Asia and Pacific Market Attractiveness by Size, 2024 to 2034

Figure 119: South Asia and Pacific Market Attractiveness by Industry, 2024 to 2034

Figure 120: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034

Figure 121: East Asia Market Value (US$ Million) by Component, 2024 to 2034

Figure 122: East Asia Market Value (US$ Million) by Size, 2024 to 2034

Figure 123: East Asia Market Value (US$ Million) by Industry, 2024 to 2034

Figure 124: East Asia Market Value (US$ Million) by Country, 2024 to 2034

Figure 125: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 126: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 127: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 128: East Asia Market Value (US$ Million) Analysis by Component, 2019 to 2034

Figure 129: East Asia Market Value Share (%) and BPS Analysis by Component, 2024 to 2034

Figure 130: East Asia Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034

Figure 131: East Asia Market Value (US$ Million) Analysis by Size, 2019 to 2034

Figure 132: East Asia Market Value Share (%) and BPS Analysis by Size, 2024 to 2034

Figure 133: East Asia Market Y-o-Y Growth (%) Projections by Size, 2024 to 2034

Figure 134: East Asia Market Value (US$ Million) Analysis by Industry, 2019 to 2034

Figure 135: East Asia Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034

Figure 136: East Asia Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034

Figure 137: East Asia Market Attractiveness by Component, 2024 to 2034

Figure 138: East Asia Market Attractiveness by Size, 2024 to 2034

Figure 139: East Asia Market Attractiveness by Industry, 2024 to 2034

Figure 140: East Asia Market Attractiveness by Country, 2024 to 2034

Figure 141: Middle East and Africa Market Value (US$ Million) by Component, 2024 to 2034

Figure 142: Middle East and Africa Market Value (US$ Million) by Size, 2024 to 2034

Figure 143: Middle East and Africa Market Value (US$ Million) by Industry, 2024 to 2034

Figure 144: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034

Figure 145: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 146: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 147: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 148: Middle East and Africa Market Value (US$ Million) Analysis by Component, 2019 to 2034

Figure 149: Middle East and Africa Market Value Share (%) and BPS Analysis by Component, 2024 to 2034

Figure 150: Middle East and Africa Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034

Figure 151: Middle East and Africa Market Value (US$ Million) Analysis by Size, 2019 to 2034

Figure 152: Middle East and Africa Market Value Share (%) and BPS Analysis by Size, 2024 to 2034

Figure 153: Middle East and Africa Market Y-o-Y Growth (%) Projections by Size, 2024 to 2034

Figure 154: Middle East and Africa Market Value (US$ Million) Analysis by Industry, 2019 to 2034

Figure 155: Middle East and Africa Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034

Figure 156: Middle East and Africa Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034

Figure 157: Middle East and Africa Market Attractiveness by Component, 2024 to 2034

Figure 158: Middle East and Africa Market Attractiveness by Size, 2024 to 2034

Figure 159: Middle East and Africa Market Attractiveness by Industry, 2024 to 2034

Figure 160: Middle East and Africa Market Attractiveness by Country, 2024 to 2034

Frequently Asked Questions

How Big is the Data Center Market?

The market size for data center is forecasted to be worth USD 30.41 billion in 2024.

What is the Demand Forecast for Data Center?

The data center market value is projected to surpass USD 117.24 billion by 2034.

What is the Projected CAGR for the Data Center Market?

The CAGR of the data center industry is estimated to be around 14.40% through 2034.

Which Countries Drive the Sales of Data Centers?

China and the United States is the key consumer of data centers as of 2024.

Which is the Leading Brand of Data Center?

IBM Corporation and Cisco System, Inc. are data center industry leaders.

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