At what pace is the data center renovation market growing, and what is its estimated value?
The data center renovation market size has grown exponentially in recent years. It will grow from $29.48 billion in 2024 to $36 billion in 2025 at a compound annual growth rate (CAGR) of 22.1%. The growth in the historic period can be attributed to legacy infrastructure modernization, increasing data storage requirements, energy efficiency concerns, security and compliance upgrades.
The data center renovation market size is expected to see exponential growth in the next few years. It will grow to $96.97 billion in 2029 at a compound annual growth rate (CAGR) of 28.1%. The growth in the forecast period can be attributed to edge computing integration, 5G implementation, sustainability and green computing, resilience and disaster recovery. Major trends in the forecast period include technological advancements, sustainability and green initiatives, modular and scalable designs, advanced cooling technologies.
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Which major factors have contributed to the expansion of the data center renovation market?
Increasing usage of online services is expected to propel the growth of the data center renovation market going forward. The increasing use of online services for payment, shopping, traveling, entertainment, and medical applications will increase overall data traffic across multiple sectors. This factor will encourage the data center renovation market leaders to modernize their back-end IT infrastructure to handle the ongoing market changes. For instance, in September 2023, according to the International Telecommunication Union, a Switzerland-based United Nations agency for information and communication technologies, 67% of the world’s population, or 5.4 billion people, were currently using the Internet, compared to 5.3 billion people (66% of the world’s population) in 2022. Therefore, the increase in usage of online services is driving the data center renovation market growth.
How is the data center renovation market segmented?
The data center renovation market covered in this report is segmented –
1) By Product: Cooling, Power, IT Racks And Enclosures, Networking Equipment, DCIM, Other Products
2) By Organization Size: Small Size Organization, Medium Size Organization, Large Size Organization
3) By Application: BFSI, IT And Telecom, Manufacturing, Government, Healthcare, Other Applications
Subsegments:
1) By Cooling: Air Conditioning Units (CRAC Or CRAH), Liquid Cooling Systems, In-Row Cooling, Free Cooling (Economizer), Hot Aisle Or Cold Aisle Containment Systems
2) By Power: Uninterruptible Power Supply (UPS) Systems, Backup Generators, Power Distribution Units (PDUs), Batteries and Energy Storage Solutions, Power Management Systems
3) By IT Racks And Enclosures: Server Racks, Rack Cabinets, Modular Racking Systems, Custom IT Enclosures
4) By Networking Equipment: Routers And Switches, Fiber Optic Cables And Connectors, Network Interface Cards (NICs), Firewalls And Load Balancers
5) By DCIM (Data Center Infrastructure Management): Monitoring And Management Software, Environmental Monitoring Tools (Temperature, Humidity Sensors), Asset Tracking And Management Systems, Energy Management Solutions
6) By Other Products: Fire Suppression Systems, Security Systems (Access Control, Surveillance), Cable Management Solutions, Environmental Sensors (Water, Smoke Detection), Physical Security Barriers
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Who are the top competitors in the data center renovation market?
Major companies operating in the data center renovation market include Equinix, Digital Realty, Schneider Electric, Vertiv, NTT Communications, Eaton Corporation, Hewlett Packard Enterprise, Cisco Systems, Fujitsu, IBM Corporation, ABB Ltd., Siemens AG, Amazon Web Services (AWS), Google Cloud, Microsoft Azure, Iron Mountain, CyrusOne, QTS Realty Trust, DataBank, Flexential, STACK Infrastructure, CoreSite Realty, Aligned Data Centers, CloudHQ, Switch, RagingWire Data Centers, Evoque Data Center Solutions, Compass Datacenters, T5 Data Centers, Cologix
Which key trends are expected to influence the data center renovation market in the coming years?
Major companies operating in the data center renovation market are launching vertical data center to increase their profitability in the market. A vertical data center, in the context of data center renovation, refers to a design or architectural approach that maximizes the efficient use of vertical space within a data center facility. For instance, in May 2023, Scala Data Centers, a Brazil based data center provider launched 6MW IT SGRUTB05 data center, the second largest vertical facility in Latin America. SGRUTB05 boasts a 6,700 sqm built area, standing 35.5 meters tall with five floors, three dedicated to high-density data halls housing around 400 racks and a total power of nearly 9MW. Scala’s One Scala Template methodology, executed by a CoE comprising over 200 experts, streamlined the design, project, construction, and commissioning processes for the data center, catering to Hyperscale market demands. SGRUTB05, operates exclusively on renewable energy, boasts a PUE under 1.4, zero WUE, and adheres to LEED and ANSI/TIA-942-B eco-friendly data center standards.
Which regional trends are influencing the data center renovation market, and which area dominates the industry?
The countries covered in the data center renovation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Data Center Renovation Market Report 2025 Offer?
The data center renovation market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Data center renovation refers to the collective set of processes used to physically construct a data center facility. It combines data center operational environment requirements with construction standards. A data center renovation project charter can help to establish a clear and defined project scope, decision rights, and executive sponsorship for the project, as well as identify any potential risks that could hinder project performance. The data center renovation is used for the purpose of storing, processing, and disseminating data and applications by the organizations’ shared IT operations and equipment.
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