Global Data Center Market
Data Center Market size is estimated at USD 282.32 billion in 2024 and is anticipated to reach USD 938.9 billion by the end of 2037, expanding at a CAGR of 9.8% during the forecast period, i.e., 2025-2037. In 2025, the industry size of data center is assessed at USD 304.9 billion.
Growth of the data center market can be attributed to rising demand for cloud computing, big data analytics, and growing traction for AI technologies. Due to an increase in remote work, online learning, and virtual entertainment, companies are digitizing their operations, and the need for a robust data storage and processing environment is high. For example, in September 2023, Vantage Data Centers announced a USD 9.2 billion equity investment led by DigitalBridge Group and Silver Lake. This investment will help Vantage build more capacity to meet the increasing demand it faces because of the surge in cloud and AI services across the globe.
Government policies toward enhancing digital infrastructure also contribute to the growth of the data center market. For example, the Government of India incentivizes the creation of data centers within the country through many policies and steps to maximize connectivity, as it ensures reliable power access. According to the Digital Personal Data Protection Act 2023, the establishment of local data centers creates a high demand in the market. The government’s commitment to enabling an environment for data centers to thrive is further accelerated through acts like creating Data Center Economic Zones and facilitating investments in this vital infrastructure.
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?