Data Centre Market Report and Forecast 2024-2032

According to the report, the global data centre market is projected to grow at a CAGR of 18% between 2024 and 2032 reaching a value of approximate USD 1251.16 billion by 2032. Aided by the surge in digitalisation across industries and the relentless demand for cloud computing services, the market is expected to grow significantly by 2028.

A data centre, essentially the brain of a company's operations, is a dedicated space where organisations store, process, and manage their vast amounts of data. This facility is equipped with servers, storage devices, network equipment, and advanced cooling systems, and it plays an instrumental role in business continuity, data backup, and cloud service operations. The inherent need to ensure data security and provide uninterrupted digital services has driven enterprises globally to invest significantly in sophisticated data centre infrastructure.

One of the pivotal growth drivers for the global data centre market growth is the rapid proliferation of digital content and data-driven services. As businesses transition to digital platforms, they amass a colossal amount of data, which requires secure, reliable, and scalable storage solutions. Data centres, with their ability to offer these essential services, have consequently witnessed heightened demand.

Moreover, the expanding landscape of e-commerce, online gaming, and streaming services has bolstered the demand for robust data centres. These sectors, inherently reliant on swift data processing and uninterrupted uptime, lean heavily on advanced data centre facilities to deliver optimal user experiences.

The accelerating transition to cloud-based services has also been instrumental in shaping the data centre market outlook. As organisations seek scalable, flexible, and cost-effective solutions, cloud services emerge as the logical choice, inherently driving demand for vast, efficient, and secure data centre infrastructures.

A crucial emerging trend in the data centre domain is the integration of Artificial Intelligence (AI) and Machine Learning (ML). These technologies facilitate predictive analysis, optimising data storage, and energy consumption, and even aid in proactive malfunction detections, propelling the data centre operations into a new era of efficiency. Moreover, the data centre market size is likely to be shaped by the emergence of 5G network, in the forecast period.

Market Segmentation

The market can be divided based on component, IT infrastructure, type, construction, industry, and region.

Market Breakup by Component

• Solution
• Services

Market Breakup by IT Infrastructure

• Network
• Server
• Storage

Market Breakup by Type

• Cloud Data Centre
• Colocation Data Centre
• Enterprise Data Centre
• Hyperscale Data Centre
• Others

Market Breakup by Construction

• New Data Centre
• Rebuild Data Centre

Market Breakup by Industry

• Banking, Financial Services, and Insurance
• Healthcare
• Government and Defence
• Manufacturing
• IT and Telecom
• Retail
• Energy
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global data centre market. Some of the major players explored in the report are as follows:

• Hewlett Packard Enterprise Company (NYSE: HPE)
• Cisco Systems Inc (NASDAQ: CSCO)
• IBM Corporation (NYSE: IBM)
• Sify Technologies Limited (NASDAQ: SIFY)
• Dell Technologies Inc (NYSE: DELL)
• Fujitsu Limited
• Hitachi, Ltd
• Others