Top Data Center Companies

Global Data Center market size was valued at USD 456.9 Billion in 2023 and is poised to grow from USD 505.8 Billion in 2024 to USD 1,189.5 Billion by 2032, growing at a CAGR of 11.51% in the forecast period (2025-2032).

The Global Data Center Market competitive landscape is defined by innovation-led strategic activities, capacity addition, and sustainability. Market leaders such as Equinix and Digital Realty are pushing aggressively into new markets through acquisitions—Equinix's $10 billion buyout of CoreSite in 2021 being a case in point, increasing its coverage in important US markets.'Microsoft Corp. (US)', 'Amazon.com, Inc. (AWS) (US)', 'Alphabet Inc. (Google) (US)', 'Equinix, Inc. (US)', 'Digital Realty (US)', 'NTT DATA Corp (Japan)', 'IBM Corp. (US)', 'Oracle Corporation (US)', 'American Tower (CoreSite) (US)', 'KDDI Corporation (Japan)', 'CyrusOne (US)', 'China Telecom (China)', 'Web Werks (India)', 'e& (UAE)', 'NEXTDC (Australia)', 'Cologix (US)', 'DataBank (US)', 'Vocus Group (Australia)', 'Netrality Data Centers (US)', 'Sify Technologies Limited (India)'

The data center market worldwide is transforming very quickly due to the fast-growing adoption of cloud computing, Internet of Things (IoT), artificial intelligence (AI), machine learning (ML), and the use of advanced wireless technologies such as 5G and upcoming 6G networks. These technology advancements are transforming the data center ecosystem, changing the very core of business operations, supporting innovation, and catalyzing unprecedented market growth. Perhaps the most powerful driver of this change is increasing demand for AI functionality, which is redefining the power consumption patterns of data centers. Our research indicates AI-related power demand will grow around 200 TWh during the period from 2024 to 2030, with AI contributing around 20% of all data center power usage by the end of the decade. Transaction numbers and investor appetite for data centers continue to be strong, fueled by increasing digital infrastructure demands and the critical significance of cloud services.

Rising Adoption of Prefabricated and Modular (PFM) Data Centers Amidst Supply Chain Constraints: Growing Use of Prefabricated and Modular (PFM) Data Centers in the Face of Supply Chain Restrictions: With the increasing trend of building prefabricated and modular (PFM) data centers, one of the prominent supply side trend for the Global Data Center Market. This strategy is fueled by the increasing need for new data centers, which generates substantial investment prospects in the highly fragmented PFM market. In 2024, hyperscalers alone spent about $10 billion to increase capacity, with the investment growing more than 4% a year until 2032. These plans are, however, threatened by a constrained labor market, unstable commodity prices, high inflation, and tight supply chains, and so far, a 7-8% rise in overall costs of capital for building projects since 2022. Nonetheless, the PFM segment is a potential sector for investment and innovation in the data center space.

Why is North America Leading Data Center Market?