Cloud Data Center Industry - Regional Scope
North America Market Analysis
North America industry is poised to hold largest revenue share of 41% by 2037. owing to rising investments in the development of data centers and rapid advancements in cloud technology. According to recent data, there are 5,381 data centers in the U.S., the highest reported in any country worldwide as of March 2024. Other factors such as favorable government policies, presence of leading key players, and high adoption of cloud data center services across various sectors are expected to boost market growth in North America.
The cloud data center market in the U.S. is expected to register a staggering revenue CAGR between 2024 and 2037 owing to rapid technological advancements and digital transformation in this country. Companies and businesses across various industries are adopting advanced cloud-based solutions to enhance their operations and customer experiences and gain a competitive edge. Leading cloud providers such as AWS, Microsoft, Oracle, and IBM among others are heavily investing in security measures and other applications to enhance their services.
Asia Pacific Market Analysis
The cloud data center market in Asia Pacific is expected to hold a significant revenue share in the global market during the forecast period. One of the key factors driving cloud data center market growth in APAC is the rapid economic growth in countries such as India, China, South Korea, and Japan. Along with this, supportive government policies and schemes, a rising number of internet users, and expansion of local as well as global cloud providers are expected to foster market growth in this region in the coming years.
The cloud data center market growth in India is driven by government initiatives like Digital India to enhance online infrastructure and increase internet connectivity, rising number of cloud data center startups, and shifting focus on remote working and online education post-COVID-19 pandemic.
China’s robust economic growth, favorable government policies and support, the presence of Chinese technology companies like Tencent, Alibaba, and Huawei, and rising investments to develop enhanced cloud applications are some key factors boosting growth in this country.
