Overview and Scope
Data center services refer to a general term for all the auxiliary elements required for a data center to function properly and provide organizations with networking, data backup and recovery, data management, website hosting, and other services with the help of hardware and software.
Sizing and Forecast
The data center services market size has grown rapidly in recent years. It will grow from $68.44 billion in 2023 to $78.51 billion in 2024 at a compound annual growth rate (CAGR) of 14.7%. The growth in the historic period can be attributed to rising adoption of digitalization, an increase in the number of data centers, strong economic growth in emerging markets and growing demand for cloud computing.
The data center services market size is expected to see rapid growth in the next few years. It will grow to $131.45 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%. The growth in the forecast period can be attributed to an increase in usage of ott (over-the-top) services, increasing internet penetration, increasing volume of structured and unstructured data and increasing 5g subscriptions. Major trends in the forecast period include new technology advancements, micro data center services, hyper-scale data centers with clean energy, focus on off-grid data center-as-a-service and partnerships and collaborations.
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Segmentation & Regional Insights
The data center services market covered in this report is segmented –
1) By Services: Installation And Integration Services, Training Services, Consulting Services, Maintenance And Support, Other Services
2) By Type: Small Data Centers, Medium Data Centers, Large Data Centers
3) By Infrastructure Type: Servers, Storage And Networking
4) By Application: BFSI (Banking, Financial Services And Insurance), Colocation, Energy, Government, Healthcare, IT (Information Technology) And Telecom, Manufacturing, Other Applications
North America was the largest region in the data center services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data center services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing adoption of digitalization is expected to be a significant driver for the growth of the data center services market. The adoption of digitalization is increasing due to the need for increased productivity, lowering operational costs, enabling faster decision-making, increasing efficiency, technological advancements, push towards digitalization from stakeholders, and others. The increasing adoption of digitalization will generate a huge amount of data that needs to be stored, driving the need for data centers. This need for data centers will create a huge demand for data center services to set up, manage, and operate data centers. For instance, according to a survey conducted among 1,200 CXOs and decision-makers in 9 countries by Fujitsu and published in August 2021, during the pandemic, 82% of respondents from offline organizations had accelerated the digital transformation into their business. During the pandemic, digital became the default mode of living and working, making organizations adapt to digitalization by creating remote work environments and digitalizing customer services. Therefore, the growing adoption of digitalization will drive the data center services market.
Key Industry Players
Major companies operating in the data center services market report are Fujitsu Ltd, Equinix Inc., Cisco Systems Inc, Huawei Technologies Co. Ltd, Capgemini SE, Hewlett Packard Enterprise Company, NTT Communications, Dell Technologies, IBM Corporation, HCL Technologies Limited, CtrlS, ESDS, GPX devlopes, sify technologies, Nxtra data limited, Alibaba Group, Chayora, China Mobile International, Chindata Group, GDS Services, Haoyun Changsheng, Keppel Data Centres, Shanghai Atrium, Tencent, Tenglong Holding Group, ABB Ltd, Interxion, Euclyde Data Centers, STT GDC, Echelon Data Center, NDC Data Centers GmbH, Broadcom Inc, Arista Networks, 4D Data Center, ClusterPower, Linxdatacenter, Infosys Poland, CoreSite LA1 Data Center, Digital Realty 350 E Cermak Data Center, Zenlayer, Cyxtera, Systems-X, ISK Global, Quanam, Ithreex Global, Systemico, Zimmic, Andes Digital, Nournet, Detasad, Mobily, STC, Salam, Gulf Data Hub, Go DC, Gateway Gulf, Nashirnet, MainOne, PCCW Global, Databridge, ONIX Data Centre, IXAfrica, ST Digital, Raxio, N+One, Africa Data Centres, Teraco, Rack Centre Africa.
The data center services market report table of contents includes:
1. Executive Summary
2. Data Center Services Market Characteristics
3. Data Center Services Market Trends And Strategies
4. Data Center Services Market – Macro Economic Scenario
5. Global Data Center Services Market Size and Growth
…
32. Global Data Center Services Market Competitive Benchmarking
33. Global Data Center Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Data Center Services Market
35. Data Center Services Market Future Outlook and Potential Analysis
36. Appendix
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