Data Center Market
                     Data 
Center 
Market
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The total value of the data center market was USD 263.34 billion in 2022, and it will rise at a 
growth rate of above 10.9% in the near future, to reach USD 602.76 billion by 2030, according 
to P&S Intelligence.
The major reasons behind the growth of this industry are exponential increase in data. Thus, the 
requirement for these data centers is surging because of the growing need for mobile, analytics, 
cloud and cloud services globally. In recent years the due to the extensive growth of social 
media channels, the need to new data centers has immerged to store gathered information.
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IT sector generated highest revenue for data centers industry, as it comprises storage, network 
and server infrastructure, which indeed is the backbone of these services. It is also projected to 
continue its dominance in coming years. these days, companies are leaning more toward well-
equipped centers to allow improved data management as data analysis has become very 
essential for business growth. Such reasons will contribute in the growth of this category in 
coming years.
The IT and telecom industry is projected to dominate the market in years to come. Due to the 
wide acceptance of enhanced technologies, like cloud computing, the internet of things and 
artificial intelligence vast amount of data is being produced. This data comes from personnel 
records, server logs, network equipment, mobile internet usage, billing activities, and social 
channels.
© P&TSo Int emlligeencee. Atll  Rtighhtis sRe shervuedge demand of storing massive data businesses operating in the IT and telecom 2
industry are renting third-party spaces. such methods facilitate IT and telecom businesses to 
manage and store huge amount of data and increase their storage size as per needed.
The massive rise in the data generation is one of the biggest reasons behind the growth of data center 
industry. Over 64 zettabytes of data were generated in 2020. And experts are projecting that by 2025 
around 10 times more data will be created in compare to 2017. Over 2.5 quintillion data is created on daily 
basis.
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North America is dominating the market and it will hold the same position throughout the forecast period, 
with a value of USD 191.80 billion.
Moreover, North American spends a generous amount in the R&D, which leads to the formation of advanced 
data centers that are more technologically enhanced and efficient in order to managing information. North 
America also has highly extensive advanced, and well-organized technological structure.
Hence, the booming IT sector and extensive growth of social media platforms will derive the data center 
market in the coming years.
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