
Report ID: SQMIG45B2088
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.
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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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Report ID: SQMIG45B2088
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