Data Center Services Market Share

North America Market Statistics

By 2037, North America data center services market is likely to account for around 45.3% share. The growth is stimulated owing to the advanced technologies integrated into the state-of-the-art infrastructure. In addition, the strong existence of key players meeting the growing demand for data storage and real-time processing is assisting the market to flourish clubbed with a supportive regulatory environment.

The major characteristic of the Canada landscape for the market is the expansion of services in the country. For instance, in June 2024, Telehouse Canada announced the opening of its first three data centers in downtown Toronto. It has planned to grow the ecosystem of carriers considerably and enlarge its spaces to power the digital transformation of Canada and propagate high-speed Internet across the nation.

The U.S. utilities are inking concrete supply deals with data-center operators seeking more power amid a boom in artificial intelligence, paving the way for higher sales and profit in the coming quarters. For instance, in May 2024, a report published by Goldman Sachs that data centers will consume 8% of the power used by the US in 2030, compared to 3% in 2022. The US utilities would need to invest around USD 50 billion in new generation capacity only to meet the power demand of data centers alone.

Asia Pacific Market Analysis

Asia Pacific is the most rapidly growing region in the data center services market, driven by the shift towards digitalization across various sectors. This demands the need for data centers in the region to render reliable and efficient services. In addition, the local government that promotes digital infrastructure through its initiatives and programs helps in upscaling the data center services in the region.

The primary growth driver for the market in China is the local government initiative. For instance, in October 2024, through a new pilot program of local government that embraces the ease of the restriction of 100% foreign ownership in data centers and value-added telecom services in Beijing, Shanghai, Hainan, and Shenzhen. This marks a big shift in investment opportunities for multinational companies within the tech sector.

India is rapidly transforming from an emerging market into a developed one, and digital technology is in the vanguard of this revolution. It accelerates economic growth across all industries and functions as a foundation for better public services. For instance, in May 2024, India’s data center sector is likely to witness outstanding growth, with an addition of 791 MW of capacity by 2026. The same expansion is likely to fuel 10 million sq. ft. of real estate space, raising investment of USD 5.7 billion.