February 2024
08 Sep 2024
The global internet data center market revenue was valued at USD 50 billion in 2023 and is poised to grow from USD 55.15 billion in 2024 to USD 138.80 billion by 2033, at a CAGR of 10.80% during the forecast period 2024 – 2033. This growth is due to the enhanced use of data collection and prediction in various businesses because of the wide use of smart devices, and businesses to interpret those data.
The internet data center market is composed of building, arranging, and maintaining substructures, as well as processes devoted to accommodating computing resources. Companies or internet data centers are managing huge amounts of data with the help of several experts and fulfilling multiple requirements of a variety of sectors. Companies use software to segregate the raw data and then use them to study for multiple purposes. These are also helpful as cyber security concerns are rising along with the 5G network users in the market.
The rapid tilting of companies in the direction of acceptance of flexible and adjustable IT set-up solutions, along with the application of green internet data center exertions, allows the wider assortment of clients to hire internet data center facilities, driving market extension. Internet data centers are developing into more energy-effective and adjustable spaces proficient in handling high-compactness processing masses and quickly altering business requirements.
Application of renewable sources of energy to influence internet data centers: By the end of 2030, internet data centers particularly are predicted to become carbon-neutral. The steps which are adapted to progress this process are the main trend in the market.
High internet data generation is also developing the internet data center market: High internet databases can be used to study the previous pattern of the response of users to the business and to plan for future progress. Such needs encourage users to adapt 5G internet data which can help to grow their business.
Rising adaptation of cutting-edge technology: The acceptance of advanced artificial intelligence, big data, and machine learning, together with the rising penetration of data-generating gadgets like smartphones, wearable watches, surveillance cameras, etc, are rapidly growing the internet data center market.
Rising internet data centers and AI incorporation are driving the market
The increasing usage of the internet and collection of data is raising this market rapidly. Incorporating artificial intelligence into the Internet data center market to enhance the prediction of businesses or the healthcare sector helps to diagnose diseases more accurately. The worldwide acceptance in diverse sectors like technology, finance, healthcare sector, e-commerce, and much more significantly encourages the market. Increasing work-from-home jobs, acceptance of technologies, and the rising OTT platforms craze are also driving the Internet data center market.
The increase in data generation is expected to drive the demand of the market to store and process the needs of the companies. The huge internet data center facilities benefactor are observing working measurements development and hence cumulative speculation in new services that will generate a huge internet data center infrastructure across the world wide. This drift is particularly obvious among industries in zones like e-commerce, economic service areas, and health care, where industries must have wide-ranging, increasing IT setups.
A few reasons that will hinder the growth of the Internet data center market along with high setting-up charges are data privacy and protection. If the internet data center is placed in a place where electricity charges are high, then the total cost of running it will exceed too much. Nowadays, everybody is concerned about data privacy, which works as a hindrance to the market. Additionally, there is not a single inclusive set of governing values for data safety in the several countries that exist around the globe, which obscures the chore of huge international trades to defend the data they bring about and stock efficiently.
| Report Attribute | Key Statistics |
| Market Revenue in 2024 | USD 55.15 Billion |
| Market Revenue by 2033 | USD 138.80 Billion |
| Market CAGR | 10.80% from 2024 to 2033 |
| Quantitative Units | Revenue in USD million/billion, Volume in units |
| Largest Market | North America |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Recent Development by Azora Group
Recent Development by Arcus
North America held the largest share of the Internet data center market in 2023 due to the availability of a large number of data centers. In the period of a rising area digital budget, data centers today have to offer cloud computing, online services, e-commerce, and other parallel digital enterprises. There is widespread acceptance of cloud services in the North American region due to the capability to measure and flexibility along charges that match the facilities. This is correct because of amplified requests for additional data centers to improve the cloud benefactors’ organization facilities. Because of continuous progression in expertise, economics, health care, entertainment, and e-commerce businesses, among others, create and require huge volumes of data. The data produced in numerous commerce as an outcome of enlarged digitalization is enormous and requires to be kept, handled, and analyzed through data centers.
Europe has a rapidly growing internet data center market because of its technological development. The incorporation of artificial intelligence, 5G networks, and virtual reality are the reasons behind the expansion of the technological market in Europe. The market in Europe's countryside displays a change of progressions in artificial intelligence addition, renewable sources of energy performance, and strong infrastructure, placing the landmass at the lead of the Internet data center market.
The global data center industry is characterized by a competitive environment dominated by a combination of established IT giants and rising businesses. With their vast international networks, cutting-edge technology, and ample financial resources, key firms dominate the industry. These businesses invest in new buildings and state-of-the-art technology like artificial intelligence and machine learning to improve performance and efficiency. They also constantly develop and broaden their capabilities as data centers.
Furthermore, colocation providers are essential because they provide scalable solutions that let companies manage their IT infrastructure without having to invest a lot of money in capital equipment. New entrants and local experts are also making their way into the market, offering customized solutions and concentrating on certain regions or sectors. Customers have more alternatives, innovation is encouraged, and service quality is enhanced by this diversified and competitive atmosphere.
Advanced technology improves the Internet data center market
Market Segmentation
By Service
By Deployment
By Enterprise Size
By End-use
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