Data Center Market to Exceed US$ 279 Bn as Demand for New Green Data Centers Surges

NEW YORK, Nov. 29, 2021 /PRNewswire/ -- Fact.MR – A Market Research and Competitive Intelligence Provider: As per latest report by Fact.MR, the global data center market is anticipated to total US$ 77 Bn in 2021. Increasing demand for new data centers across IT & telecom and banking, finance, service & investment (BFSI) sectors is driving the growth in the market.

With growing adoption of artificial intelligence (AI) and internet of things (IoT) for project management and security implementation across BFSI and IT sectors, sales are expected to surge. On account of this, the data center market is estimated to reach US$ 279 Bn by 2031.

Development of hyper scale and advent of green data centers across emerging economies such as India, Japan, and China is boosting the market. As these green data centers operate on energy-efficient technologies and do not contain obsolete systems, governments across India and China are providing extensive funding for the robust development.

For instance, as per Indian Brand Equity Foundation, in September 2021, the Indian government announced to build a cyber-lab for the 'Online Capacity Building Program on Crime Investigation, Cyber Law and Digital Forensics' to strengthen cyber security capabilities.

Also, as per National Investment Promotion & Facilitation Agency, India is one of the most preferred market for setting-up Global Capability Centers (GCCs), employing over 1 million professionals. In 2020, the data center industry attracted investment of over US$ 396 Mn in India, and the per capita data consumption is expected to hit 25 GB/month by 2025.

Such slew of developments in the emerging economies are expected to drive the growth in the data center market. In response to this, the global data center market is expected to expand at over 13.8% CAGR over the forecast period of 2021 and 2031, estimates Fact.MR.

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In terms of type, the new data centers segment is expected to dominate the market, surpassing US$ 200 Bn by 2031. Growth in the segment is driven by growing demand for hyper-scale data centers, advent of green data centers across East and South Asia, and need for energy-efficient technologies.

"With growing development in digital infrastructures and rising demand to develop green data centers equipped with cutting-edge energy efficient technologies in India and China, key players operating in data center market are likely to generate growth opportunities across East & South Asia," says a Fact.MR analyst.

Key Takeaways from the Data Center Market Analysis

Key Drivers

Key Restraints

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Competitive Landscape

As per Fact.MR, top five players in the global data center market are anticipated to account for over 35% to 40% of market share in 2021.

Leading players operating in data center market are focusing on collaboration, mergers, and acquisition to gain a competitive edge in the industry. They are also collaborating with government in East and South Asia to tap into emerging markets potential such as India, China, and Japan, to increase their sales.

For instance,

Some of the leading players in the market profiled by Fact.MR are:

More Valuable Insights on Data Center Market

A recently published report by Fact.MR provides a detailed analysis on the global data center market, analyzing forecast statistics between 2021 and 2031. The study reveals growth projections in data center market with detailed segmentation:

By Type

By Application

By Consulting

By Integration

By Region

Key Questions Covered in the Data Center Market Report 

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