Global Data Center Infrastructure Market Size, Share, Growth Analysis, By Component(Solution, and Service), By Data Center Type(Enterprise Data Center, Managed Data Center) - Industry Forecast 2023-2030

Global Data Center Infrastructure Market size was valued at USD 2.55 Billion in 2022 and is expected to grow from USD 2.96 Billion in 2023 to reach USD 9.62 Billion by 2031, at a CAGR of 15.9% during the forecast period (2024-2031).

The data center infrastructure market serves the essential purpose of providing the requisite physical and technological framework for efficient and dependable data processing, storage, and management. Its momentum is propelled by the exponential surge in digital data and the escalating need for cloud-based services. This market is tasked with meeting the escalating demand for heightened performance, reliability, and energy efficiency within data centers. Remaining competitive necessitates staying abreast of technological advancements and adhering to industry standards. Globally, the data center infrastructure market is pivotal in underpinning the expanding digital landscape. Despite challenges such as cost, energy consumption, and security apprehensions, it thrives on the growing appetite for data processing and storage. By capitalizing on opportunities presented by emerging technologies and catering to industry-specific requirements, the data center infrastructure market is positioned for further growth and advancement.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Data Center Infrastructure Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to get the final quantitative and qualitative data.

Global Data Center Infrastructure Market Segmental Analysis

The global data center infrastructure market is segmented on the basis of component, data center type, and region. Based on component, the market is segmented into solution, and service. By data center type, the market is segmented into enterprise data center, managed data center, colocation data center, and cloud and edge data center. Regionwise, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Data Center Infrastructure Market

Surge in Demand for Cloud Services: The increasing adoption of cloud services by both businesses and individuals has significantly propelled the data center infrastructure market. Organizations are drawn to the flexibility, scalability, and cost-effectiveness offered by cloud platforms for data storage and processing, consequently driving market growth.

Escalating Data Generation and Storage Needs: The proliferation of digital data, spurred by advancements in technologies like IoT, AI, and Big Data analytics, has led to a sharp rise in data generation and storage requirements. This burgeoning demand for data center infrastructure stems from various industries needing robust systems to efficiently store, process, and manage vast amounts of data.

Restraints in the Global Data Center Infrastructure Market

High Cost of Infrastructure: Constructing and maintaining data center infrastructure demands substantial investments in equipment, power and cooling systems, networking, and security measures. Particularly for small and medium-sized enterprises constrained by limited budgets, the significant upfront costs associated with data center infrastructure pose as a notable restraint.

Energy Consumption and Environmental Concerns: Data centers consume significant quantities of electricity to operate and cool their infrastructure, contributing to environmental concerns and escalating energy costs. In response, data center operators face the challenge of enhancing energy efficiency and reducing their carbon footprint to align with sustainable practices.

Market Trends of the Global Data Center Infrastructure Market

Emergence of Green Data Centers: A prominent trend in the market is the rise of green data centers, which prioritize energy-efficient infrastructure, renewable energy sources, and sustainable cooling systems to minimize environmental impact and carbon footprint.

Adoption of Hybrid and Multi-Cloud Environments: Organizations are increasingly embracing hybrid and multi-cloud strategies to leverage the advantages of both private and public clouds. This trend underscores the necessity for interconnected data centers, reliable connectivity, and seamless data transfer across diverse cloud environments.