(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Nov. 11, 2024 (GLOBE NEWSWIRE) -- The "Data Center Services - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Data Center Services was estimated at US$21.3 Billion in 2023 and is projected to reach US$38.7 Billion by 2030, growing at a CAGR of 8.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the data center services market is driven by several factors, including the increasing demand for cloud computing and digital transformation, advancements in cooling and energy efficiency technologies, and the rising adoption of edge computing and hybrid cloud strategies. The development of AI and machine learning-integrated data center management solutions that optimize energy usage, automate processes, and enhance security is driving market adoption across IT, telecom, healthcare, and financial services sectors.
The focus on ensuring compliance with data protection regulations, reducing latency, and enhancing scalability and redundancy is expanding the market reach among enterprises, government agencies, and cloud service providers. The growing emphasis on green data centers and sustainable energy usage is creating new opportunities for market growth. Additionally, the increasing investments in R&D for next-generation data center services, edge computing, and 5G network integration are further supporting market expansion.
Which Market Segments Are Leading the Adoption of Data Center Services?
Services include colocation, managed services, cloud services, and disaster recovery, with cloud services and colocation being the most widely adopted due to their scalability, flexibility, and cost-effectiveness. Deployment models cover on-premises, cloud, and hybrid environments, with hybrid data centers gaining traction due to their ability to balance cost, security, and control.
End-users of data center services span IT and telecom, BFSI, healthcare, government, and retail, with IT and telecom being the largest segment due to the high demand for data storage, network management, and cloud services. Geographically, North America and Europe are the leading markets for data center services due to advanced digital infrastructure and high cloud adoption rates, while Asia-Pacific is emerging as a high-growth region driven by digital transformation, increasing internet penetration, and expanding data center investments.
Key Insights:
Market Growth: Understand the significant growth trajectory of the Design & Consulting Service segment, which is expected to reach US$15.0 Billion by 2030 with a CAGR of a 9.3%. The Installation & Deployment Service segment is also set to grow at 10.3% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, which was estimated at $5.8 Billion in 2023, and China, forecasted to grow at an impressive 8.2% CAGR to reach $5.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of major players such as Cisco Systems, Inc., Dell Technologies, Equinix, Inc., and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 199 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $21.3 Billion |
| Forecasted Market Value (USD) by 2030 | $38.7 Billion |
| Compound Annual Growth Rate | 8.9% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
Influencer Market Insights World Market Trajectories Global Economic Update Data Center Services - Global Key Competitors Percentage Market Share in 2024 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
Rising Demand for Cloud Computing and Digital Transformation Drives Data Center Services Market Technological Advancements in Cooling and Energy Efficiency Propel Innovation in Data Center Services Increasing Adoption of Edge Computing and IoT Expands Addressable Market Opportunity Growth of Hyperscale and Colocation Data Centers Strengthens Business Case for Managed Services Challenges Related to Data Security, Latency, and Network Congestion Pose Market Constraints Focus on Enhancing Scalability, Flexibility, and Redundancy in Data Center Services Drives Adoption Emergence of Hybrid Cloud and Multi-Cloud Strategies Generates New Market Opportunities Rising Demand for Data Center Infrastructure Management (DCIM) Solutions Boosts Market Potential Shift Towards Software-Defined Data Centers (SDDC) Expands Market Reach Growing Emphasis on Green Data Centers and Renewable Energy Usage Spurs Market Innovation Emergence of Data Center Services as a Key Enabler for 5G and Next-Gen Networks Expands Adoption Rising Use of Managed Security Services and Disaster Recovery Solutions Creates New Opportunities
FOCUS ON SELECT PLAYERS (Total 52 Featured)
Cisco Systems, Inc. Dell Technologies Equinix, Inc. Fujitsu Ltd. Hewlett Packard Enterprise Development LP (HPE) Hitachi Ltd. Huawei Technologies Co., Ltd. IBM Corporation Schneider Electric SA Vertiv Co.
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Data Center Services Market
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