Data Center Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to data center market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Data Center Market News

  • In March 2024, Ardian, a private investment firm revealed that a deal with Verne, the UK based green data center platform has been sealed. This latest deal also contributed to the growth of Ardian’s focus in late last year Verne robust expansion plan in Northern Europe to support with a fund commitment of up to 1 billion $. 2 billion. The funding for this grand plan is achievable through newly incorporated green financing package floating marked by a group of European and International renowned banks.
  • In January 2024, Evoque Data Center Solutions, a company offering colocation, connectivity and infrastructure services, unveiled that it had successfully acquired Cyxtera’s data center portfolio. The result of this merger is a large new data center firm, with more than 50 facilities and located predominantly in North America. Udhay Mathialagan, Evoque’s Chairman of the Board and Brookfield Infrastructure’s CEO and Global Data Centers pointed out that the merger with Cyxtera is in line with their long-term plan toward Data Infrastructure Investments.

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Data Center Market size was valued at USD 364.5 Billion in 2023 and is poised to grow from USD 388.41 Billion in 2024 to USD 645.71 Billion by 2032, growing at a CAGR of 6.56% during the forecast period (2025-2032).

Key Vendors in Data Center Market are: Hewlett Packard Enterprise (HPE) (United States) ', 'Cisco System, Inc. (United States) ', 'Hitachi Ltd (Japan) ', 'IBM Corporation (United States) ', 'NTT Communications (Japan) ', 'ABB (Switzerland) ', 'Dell Technologies (United States) ', 'Schneider Electric (France) ', 'Comarch SA (Poland) ', 'Huawei Technologies Co., Ltd. (China) ', 'SAP SE (Germany) ', 'Equinix Inc. (United States) ', 'Oracle (United States) ', 'Amazon.com Inc. (United States) ', 'Alphabet Inc. (United States) ', 'Microsoft (United States) ', 'Digital Realty (United States) ', 'Tata Communications Ltd (India) ', 'GPX India Pvt. Ltd. (India) ', 'Aermec UK Ltd. (United Kingdom)'

Increasing demands for data storage and processing, driven by expanded cloud computing, big data analytics, and digital transformation, are driving the need for multiple data centers. Projects and customers generate and consume large amounts of data, requiring large amounts of data processing central capacity. 

Rise in the Edge Computing Growth: The rise of edge computing is changing the data center landscape. Since tasks and applications require faster data processing and lower latency, edge computing brings data processing closer to the data birth source. This trend is driving smaller distributed data centers alongside larger traditional data centers and provides efficient and real -time data processing.

North America accounted for the largest market share of around 40% in 2022. The growing digital economy in the region is increasing the need for data centers to serve cloud computing, e-commerce, online services, and other digital projects. Cloud services are widely used in North America due to their flexibility. Cloud providers need more data centers to expand their infrastructure. Data centers are needed to store, process and analyze this data. 

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Global Data Center Market
Data Center Market

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