Data Center Market Size & Share, by Component (Hardware, Software, Services); Type (Enterprise Data Centers, Managed Services Data Centers, Colocation Data Centers, Cloud-Based Data Centers, Edge Data Centers, Hyperscale Data Centers); Design (Traditional, Modular/Containerization); Infrastructure (Tier I, Tier II, Tier III, Tier IV); End-User (BFSI, Telecommunication, Healthcare, Others) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

Growth Drivers  

• Surging adoption of the internet to have a great influence on data center market growth - It was estimated that there were over 5 billion internet consumers across the world as of April 2024, which indicates about 66 percent of the worldwide population. Therefore, the importance of data centers is also surging. This is because data centers are considered to be high-energy power buildings that accommodate internet services including cloud computing stages.
  
  The data center in cloud computing is the result of the need for commoditization of computation, network resources, and storage by cloud providers. Moreover, data centers have appeared as an important component of cloud computing as they offer storage and handling resources for organizations to perform their applications.
• Rising importance of big data on data center - The amount of data generated across the globe has increased significantly. As per the estimation of the World Economic Forum, daily over 2.5 quintillion bytes of data are created, with about 50% coming from IoT devices. However, this data is needed to be efficiently supported by the data center.
  
  Big data is boosting the need for computing and storage which is further influencing the production of storage hardware, and network infrastructure, along with novel methods of managing growing computing needs. Hence, the demand for data centers is increasing.
  
  Furthermore, data center analytics utilizes different platforms to allow the simultaneous use of several data sources, approaches towards data-gathering, and analytical, and presentation intelligence. These platforms usually comprise big data which enhances process of data center process with practical, personal, and vibrant insights.
  
  Hence, the growing big data is estimated to benefit the data center and is also predicted to benefit from the rising number of data centers.
• Growing trend of micro data center - Micro data centers are situated close to the edge of a network which is why they are also known as edge data center. It is similar to traditional data centers however its demand is growing owing to its ability to reduce carbon footprint. Therefore, authorities across the globe are significantly investing in the development of data centers.

Challenges

• Growing risk of cyber-attack - The need to control ransomware attacks has grown globally owing to the risk of significant damage they can cause. Such attacks are predicted to harm companies' reputations along with finance. Furthermore, theft is another major attack on data centers. Data centers consist numerous valuable information which attracts more exploiters who might want to resell the data or utilize it for nefarious purposes. Moreover, most of the time data suffer the highest risk from the employees working in the same organization. Hence, the prevalence of insider threat is also surging which is why the data center market revenue is expected to impede over the years to come.
• Rising energy consumption
• Lack of efficiency of heat management