Chicago Data Center - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026

Description

According to Mordor Intelligence, the chicago data center market size is expected to grow from 1.9 GW in 2025 to 2.03 GW in 2026 and is forecast to reach 2.81 GW by 2031 at 6.73% CAGR over 2026-2031.

This report is Segmented by Data Center Size (Small, Medium, Large, Massive, Mega), Tier Type (Tier 1&2, Tier 3, Tier 4), Data Center Type(Colocation, Cloud Service Providers (CSPs), Enterprise, Modular, and Edge). The Market Forecasts are Provided in Terms of Value (USD).

Chicago Data Center Market Trends and Insights

Surging Cloud-Service-Provider Demand

Hyperscale operators are accelerating footprint expansion as premier coastal markets hit power ceilings. Amazon's USD 20 billion program for nuclear-backed campuses in the Mid-Atlantic signals a readiness to diversify locations, enabling Chicago to draw similar mega-projects. Microsoft and BlackRock's USD 30 billion AI-infrastructure alliance has earmarked Midwest parcels, while Equinix's USD 15 billion xScale venture identifies Chicago as an early launch point. Financial-market latency needs further amplify demand; CME Group's private Google Cloud region in Aurora exemplifies this enterprise pull.

Growing Enterprise Edge-Computing Needs

A USD 232 billion global edge-market in 2024 is reshaping site requirements for Chicago's manufacturers, retailers and financial firms. CoreSite's CH2 earned NVIDIA DGX-Ready status, reinforcing the metro's suitability for AI inference clusters. Telecommunications carriers such as Comcast anchor Northlake facilities to support 5G, content-delivery networks and low-latency over-the-top workloads.

Rising Power Costs (ComEd Territory)

Projected monthly customer bills could climb USD 10.50 as data-center demand raises grid-balancing charges. PJM auction-clearing prices have risen, forcing operators to hedge higher capacity costs. Lawmakers are studying safeguards to prevent hyperscale strain on legacy infrastructure and to protect ratepayers.

Other drivers and restraints analyzed in the detailed report include:

Robust Fiber-Connectivity Ecosystem
Incentive Programs and Illinois Tax Benefits
Escalating Land and Construction Costs

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Massive footprints delivered 44.12% share of Chicago data center market in 2025, reflecting a matured ecosystem supporting financial-services and legacy workloads. However, Mega campuses are set to outpace every other category at a 7.72% CAGR through 2031 as AI training clusters hunt for blocks of contiguous power above 100 MW. T5's 480 MW suburban campus and Compass' five-building redevelopment of the former Sears HQ evidence this pivot, each engineered for >= 50 kW per rack densities.

Small and medium halls remain viable for edge and enterprise hybrids but face gradual absorption into larger wholesale footprints. Hyperscale tenants favor the operating leverage and custom mechanical-electrical topologies available in Mega builds, pressuring owners of smaller suites to differentiate via latency-critical or specialty compliance offerings.

Complete Report Scope:

By Data Center Size
- Small
- Medium
- Large
- Massive
- Mega
By Tier Type
- Tier 1 and 2
- Tier 3
- Tier 4
By Data Center Type
- Cloud Service Providers (CSPs)
- Enterprise, Modular and Edge
- Colocation
  - Utilized
    - Colocation Type
      - Retail
      - Wholesale
      - Hyperscale
    - End User
      - Cloud and IT
      - Telecom
      - Media and Entertainment
      - Government
      - BFSI
      - Manufacturing
      - E-Commerce
      - Other End User

List of Companies Covered in this Report:

Aligned Data Centers
Cogent Communications Holdings Inc.
Colohouse LLC
Colocrossing LLC
CoreSite Realty Corporation
CyrusOne LLC
Cyxtera Technologies Inc.
DataBank Holdings Ltd.
Digital Fortress Inc.
Digital Realty Trust Inc.
EdgeConneX Inc.
Equinix Inc.
Evoque Data Center Solutions LLC
Fifteen Forty-Seven Critical Systems Realty LLC
Hivelocity Ventures Corp.
Netrality Data Centers LLC
PhoenixNAP LLC
Quality Technology Services Holding LLC
Rackspace Technology Inc.
Stack Infrastructure Inc.
Stream Data Centers LP
T5 Data Centers LLC
TierPoint LLC
365 Data Centers LLC

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

Product Code: 5000219

1 INTRODUCTION

1.1 Study Assumptions and Market Definition
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

4.1 Market Overview
4.2 Market Drivers
- 4.2.1 Surging Cloud Service Provider Demand
- 4.2.2 Growing Enterprise Edge Computing Needs
- 4.2.3 Robust Fiber Connectivity Ecosystem
- 4.2.4 Incentive Programs and Illinois Tax Benefits
- 4.2.5 Northern Virginia Spill-over Capacity Demand
- 4.2.6 AI Training Workloads Seeking Midwest Power
4.3 Market Restraints
- 4.3.1 Rising Power Costs (ComEd Territory)
- 4.3.2 Escalating Land and Construction Costs
- 4.3.3 Cooling Constraints from Lake Michigan Water Rules
- 4.3.4 Lengthy Grid-Interconnection Permitting Cycles
4.4 Value/Supply-Chain Analysis
4.5 Regulatory Landscape
4.6 Technological Outlook
4.7 Key Demand Indicators
- 4.7.1 Smartphone Users
- 4.7.2 Data Traffic per Smartphone
- 4.7.3 Mobile Data Speed
- 4.7.4 Broadband Data Speed
4.8 Porter's Five Forces Analysis
- 4.8.1 Threat of New Entrants
- 4.8.2 Bargaining Power of Suppliers
- 4.8.3 Bargaining Power of Buyers
- 4.8.4 Threat of Substitutes
- 4.8.5 Competitive Rivalry
4.9 Assessment of Macro Economic Trends on the Market

5 MARKET SIZE AND GROWTH FORECASTS (MW)

5.1 By Data Center Size
- 5.1.1 Small
- 5.1.2 Medium
- 5.1.3 Large
- 5.1.4 Massive
- 5.1.5 Mega
5.2 By Tier Type
- 5.2.1 Tier 1 and 2
- 5.2.2 Tier 3
- 5.2.3 Tier 4
5.3 By Data Center Type
- 5.3.1 Cloud Service Providers (CSPs)
- 5.3.2 Enterprise, Modular and Edge
- 5.3.3 Colocation
  - 5.3.3.1 Utilized
    - 5.3.3.1.1 Colocation Type
      - 5.3.3.1.1.1 Retail
      - 5.3.3.1.1.2 Wholesale
      - 5.3.3.1.1.3 Hyperscale
    - 5.3.3.1.2 End User
      - 5.3.3.1.2.1 Cloud and IT
      - 5.3.3.1.2.2 Telecom
      - 5.3.3.1.2.3 Media and Entertainment
      - 5.3.3.1.2.4 Government
      - 5.3.3.1.2.5 BFSI
      - 5.3.3.1.2.6 Manufacturing
      - 5.3.3.1.2.7 E-Commerce
      - 5.3.3.1.2.8 Other End User

6 COMPETITIVE LANDSCAPE

6.1 Market Concentration
6.2 Strategic Moves
6.3 Market Share Analysis (In MW)
6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
- 6.4.1 Aligned Data Centers
- 6.4.2 Cogent Communications Holdings Inc.
- 6.4.3 Colohouse LLC
- 6.4.4 Colocrossing LLC
- 6.4.5 CoreSite Realty Corporation
- 6.4.6 CyrusOne LLC
- 6.4.7 Cyxtera Technologies Inc.
- 6.4.8 DataBank Holdings Ltd.
- 6.4.9 Digital Fortress Inc.
- 6.4.10 Digital Realty Trust Inc.
- 6.4.11 EdgeConneX Inc.
- 6.4.12 Equinix Inc.
- 6.4.13 Evoque Data Center Solutions LLC
- 6.4.14 Fifteen Forty-Seven Critical Systems Realty LLC
- 6.4.15 Hivelocity Ventures Corp.
- 6.4.16 Netrality Data Centers LLC
- 6.4.17 PhoenixNAP LLC
- 6.4.18 Quality Technology Services Holding LLC
- 6.4.19 Rackspace Technology Inc.
- 6.4.20 Stack Infrastructure Inc.
- 6.4.21 Stream Data Centers LP
- 6.4.22 T5 Data Centers LLC
- 6.4.23 TierPoint LLC
- 6.4.24 365 Data Centers LLC

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

7.1 White-space and Unmet-Need Assessment

Chicago Data Center - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026 - 2031)