Press Release

Jul, 25 2024

Growing Technological Advancement and Features in Data Centre Drive the Growth for U.S. Service Market for Data Center Market

Technological enhancements are not just incremental improvements but are pivotal in transforming the landscape of the data center service market. Technological advancements have risen and gained a prominent role in economic growth, national security, and international competitiveness. Technological advancement is evolving AI and ML, 5G network integration, server virtualization, advanced cooling systems and many other advancements and add-on features in the data center. Following key technological advancements are acting as catalysts for this market growth.

Artificial Intelligence (AI) and Machine Learning (ML): The rise of AI and ML applications is creating a significant need for high-performance computing power. Data centers equipped with cutting-edge hardware and software can support the complex algorithms and data processing requirements of these technologies. This, in turn, is driving demand for data center services that offer the necessary infrastructure and expertise. 

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Data Bridge Market Research analyses that the U.S. Service Market Data Centre Market is expected to reachhttps://www.databridgemarketresearch.com/de/reports/us-service-market-data-center-market a value of USD 19.75 billion by 2031, from USD 6.09 billion in 2023, growing at a CAGR of 15.9% during the forecast period of 2024 to 2031. 

Key Findings of the Study

U.S. Service Market for Data Center Market

Growing Initiation of Green Data Center

The concept of green data centers has been gaining momentum in recent years, driven by the increasing demand for sustainable and energy-efficient solutions. As U.S. awareness of environmental issues continues to rise, businesses and organizations are under pressure to reduce their carbon footprints. This shift towards sustainability presents a significant opportunity for the data center service market. The initiation of green data centers, which prioritize the use of renewable energy sources, efficient cooling technologies, and sustainable design principles, is set to transform the industry landscape.

Green data centers are designed to minimize environmental impact through the adoption of cutting-edge technologies and practices. They utilize renewable energy sources such as solar, wind, and hydroelectric power, reducing reliance on fossil fuels and lowering greenhouse gas emissions. Additionally, advanced cooling techniques, such as liquid cooling and free-air cooling, enhance energy efficiency and reduce the overall energy consumption of these facilities. The implementation of energy-efficient hardware and virtualization technologies further contributes to the sustainability of green data centers.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion

Segments Covered

Service Type (Design & Consulting, Installation & Deployment, Support & Maintenance, and Training & Development), Tier Standard (TIER III, TIER IV, TIER II, and TIER I), Size (Small Size Data Centre, Medium Size Data Centre, and Large Data Centre), Location (Brownfield and Greenfield) End User (Enterprise, Colocation, Hyperscale, Edge Data Centres, and Others), Industry (IT and Telecommunications, Banking, Financial Services and Insurance (BFSI), Government and Defense, Healthcare, Energy and Utility, Retail & E-Commerce, Research & Academic, Manufacturing, Media & Entertainment, Transport & Logistics, and others)

Countries/Cities Covered

Virginia, California, Santa Clara, San Jose, Sunnyvale, Rest of California, Texas, Dallas, Houston, Forth Worth, Frisco, Allen, Plano, Rest of Texas, Illinois, Chicago, Aurora, Hoffman Estates, Rest of Illinois, New York, Washington, Georgia, Atlanta, Alpharetta, Douglasville, Rest of Georgia, Arizona, Phoenix, Mesa, Scottsdale, Rest of Arizona, and Rest of U.S.

Market Players Covered

Dell Inc. (U.S.), Hewlett Packard Enterprise Development LP. (U.S.), IBM. (U.S.), Cisco Systems. (U.S.), Inc., Schneider Electric (France), Hitachi Ltd (Japan)., Huawei Digital Power Technologies Co., Ltd. (China), Fujitsu (Japan), Equinix, Inc.. (U.S.), Vertiv Group Corp. (U.S.) , NTT DATA Group Corporation (Japan), Verizon. (U.S.), Inc, ABB (Switzerland), Eaton (Ireland), Siemens (Germany), Quantum Switch (U.A.E.), 365 Data Centers. (U.S.), Cologix. (U.S.), CoreSite. (U.S.), HCL Technologies Limited (India), Flexential. (U.S.), , CenturyLink. (U.S.), Capgemini (France), RPS Group (England) and Rittal LLC. (Germany) among others.

Data Points Covered in the Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis

Segment Analysis

The U.S. service market for data center market is segmented into six segments based on service type, tier Standard, size, location, end user and industry.

  • On the basis of service type, the market is segmented into design & consulting, installation & deployment, support & maintenance, and training & development

In 2024, design & consulting segment is expected to dominate the U.S. Service Market for Data Center Market

In 2024, design and consulting segment is expected to dominate the market with a 43.75% market share due to growing technological advancement and features in data centre.

  • On the basis of tier standard, the market is segmented into TIER III, TIER IV, TIER II, and TIER I

In 2024, TIER III segment is expected to dominate the U.S. Service Market for Data Center Market

In 2024, TIER III segment is expected to dominate the market with a 36.70% market share due to digital transformation initiatives by industries.  

  • On the basis of size, the market is segmented into small size data centre, large data centre, and medium size data centre. In 2024, small size data centre segment is expected to dominate the market with a 50.68% market share.
  • On the basis of location, the market is segmented into brownfield and greenfield. In 2024, brownfield segment is expected to dominate the market with a 69.18% market share.  
  • On the basis of end user, the market is segmented into enterprise, colocation, hyperscale, edge data centres, and others. In 2024, enterprise segment is expected to dominate the market with a 38.54% market share. 
  • On the basis of industry, the market is segmented into IT and telecommunications, Banking, Financial Services and Insurance (BFSI), government and defense, healthcare, energy and utility, retail & e-commerce, research & academic, manufacturing, media & entertainment, transport & logistics, and others. In 2024, IT and telecommunications segment is expected to dominate the market with a 20.76% market share. 

Major Players

Data Bridge Market Research analyzes Dell Inc. (U.S.), Capgemini(France), Equinix, Inc. (U.S.), HCL Technologies Limited (India), Vertiv Group Corp. (U.S.), as major market players in this market.

U.S. Service Market for Data Center Market

Market Development

  • In May 2024, Capgemini and Schneider Electric collaborated to launch the Energy Command Center, aimed at enhancing facility management and energy efficiency. This collaboration integrates digital solutions and advanced technologies to monitor and optimize energy consumption across various building assets, including data centers. The initiative benefits both companies by leveraging their technological expertise, empowering organizations to accelerate their energy transition and achieve sustainable practices efficiently
  • In May 2024, Equinix, Inc. (Nasdaq: EQIX), the global leader in digital infrastructure, announced the launch of Dell PowerStore on Equinix Metal. This new enterprise-grade Storage as a Service (STaaS) solution features flexible configurations, enabling enterprises to efficiently handle a variety of high-performance multicloud workloads. It offers low-latency connectivity and close proximity to major public clouds. This will enhanced Equinix's service portfolio, offering high-performance storage solutions and boosting customer satisfaction through improved multicloud workload management
  • In June 2024, Dell Inc., APEX Pay-Per-Use solutions delivered substantial benefits, with a 194% three-year ROI, reduced operational costs, and increased staff Serviceivity. These solutions accelerated development, improved agility, and enhanced customer satisfaction, fueling the company's growth and competitiveness in the market
  • In September 2023, HCL Technologies Limited launched its Shared Data Center as a Service (Shared DCaaS) to accelerate enterprise hybrid cloud transformations. The service includes shared and dedicated data centers, regulated workloads, and flexible subscription options, offering enhanced security and compliance. This innovation addresses IT infrastructure cost optimization and hardware availability issues caused by global supply chain challenges. The Shared DCaaS is particularly suited for highly regulated industries, promising up to a 30% reduction in total cost of ownership. This move strengthened HCLTech's market position and customer base

Regional Analysis

Geographically, the states/cities covered in the U.S. service market for data center market are Virginia, California, Santa Clara, San Jose, Sunnyvale, rest of California, Texas, Dallas, Houston, Forth Worth, Frisco, Allen, Plano, rest of Texas, Illinois, Chicago, Aurora, Hoffman Estates, Rest of Illinois, New York, Washington, Georgia, Atlanta, Alpharetta, Douglasville, rest of Georgia, Arizona, Phoenix, Mesa, Scottsdale, rest of Arizona, and rest of U.S.    

As per Data Bridge Market Research analysis:

Virginia is expected to dominate and be the fastest growing region in the  U.S. Service Market for Data Center Market

Virginia is dominating the U.S. service market for data center market due to its strategic location on the East Coast, offering proximity to major population centers and undersea fiber optic cables.

For more detailed information about U.S. Service Market for Data Centre Market, click here – https://www.databridgemarketresearch.com/de/reports/us-service-market-data-center-market


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