Global Data Center Market to Grow at 5.03% CAGR from 2022 to 2028

Strategic Insights -

The global data center market is expected to witness significant growth, driven by the increasing demand for cloud services, digital transformation, and the need for sustainable and efficient data center operations.

Key Takeaways:

  • The data center market has witnessed several new trends in adopting IT infrastructure, including the adoption of ARM-based architecture, NVMe storage devices, converged and hyper-converged infrastructure, and 200/400 GbE ports.
  • The focus on improving the sustainability of data centers has led to increased adoption of renewable power sources, such as solar panels, and innovative power technologies, such as lithium-ion batteries.
  • The adoption of advanced IT infrastructure has led to the growth of various market segments, including data center server market, data center storage market, and data center electrical and mechanical infrastructure markets.
  • The Americas region is expected to drive the growth of the data center market, driven by the availability of tax incentives, free cooling solutions, and renewable energy.
  • The top vendors in the global data center market include Arista Networks, Cisco Systems, Dell Technologies, Hewlett Packard Enterprise, IBM, and NetApp.

Statistics:

  • The global data center market is expected to grow at a CAGR of 5.03% from 2022 to 2028.
  • The data center server market is expected to grow at a CAGR of 10.56% from 2022 to 2028.
  • The data center storage market is expected to grow at a CAGR of 8.55% from 2022 to 2028.
  • The global data center market is expected to reach $536.4 billion by 2028.
  • The Americas region is expected to account for 43.55% of the global data center market by 2028.

Sources:

  • ESG Global Data Center Taxonomy Report
  • Huawei Data Center Infrastructure Best Practices
  • Schneider Electric DCIM Solution
  • Equinix DC Facilities and Operations
  • Microsoft Data Center and Cloud Infrastructure
  • Hewlett Packard Enterprise Data Center Architecture
  • IBM Cloud Infrastructure