U.S. Service Market for Data Centre Market, By 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) - Industry Trends and Forecast to 2031 .
U.S. Service Market for Data Centre Market Analysis and Size
The U.S. service market data centre service market encompasses a diverse range of services tailored to meet the complex needs of enterprises across worldwide. This market includes key segments such as design and consulting, installation, support and maintenance, data storage, backup and archiving, perimeter security (firewalls and virus, malware and ransomware prevention programs), outsourcing and colocation of data centre services, internet access optimization, network service, security and connectivity management, website management, regulatory and standard compliance, disaster recovery and business continuity services, and others. Driven by the demand for growing technological advancement and features in data centre, the exponential increase in data generated by businesses and consumers, digital transformation initiatives by industries, the rise of outsourcing and colocation of data centre services, and increase in cloud computing services, the market is characterized by intense competition among major software vendors and niche players. Setting up and maintaining data centres requires High Initial Investment, and rising Cyber threat on data centre services are the restraining factors for the growth of the market. Rise in Edge computing, initiation of green data centre, and rising opportunity for micro and modular data centres for small scale industries is opportunity for the growth of the market. Shortage of skilled force in data centre management, and challenging regulatory landscape concerning sustainability issues are challenges for the growth of the market.
Data Bridge Market Research analyses that the U.S. service market data centre market is expected to reach 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.
|
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)
|
|
States/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., Hewlett Packard Enterprise Development LP, IBM, Cisco Systems, Inc., Schneider Electric, Hitachi, Ltd., Huawei Digital Power Technologies Co., Ltd., Fujitsu, Equinix, Inc., Vertiv Group Corp. , NTT DATA Group Corporation, Verizon, Inc, ABB, Eaton, Siemens, Quantum Switch, 365 Data Centers, Cologix, CoreSite, HCL Technologies Limited, Flexential, CenturyLink, Capgemini, RPS Group, and Rittal LLC. among others
|
Market Definition
The U.S. Service market data centre service market refers to the ecosystem of services provided by data centre operators and service providers to support the storage, processing, and distribution of digital data and applications. These services include colocation, managed hosting, cloud computing (IaaS, PaaS, SaaS), network connectivity, managed services, security solutions, consulting, and support services. Key drivers include the rapid growth of digital data, increasing adoption of cloud technologies, demand for high-performance computing, regulatory compliance requirements, and the need for scalable and reliable IT infrastructure across industries such as IT, telecommunications, banking, healthcare, retail, and government.
U.S. Service Market for Data Centre Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Growing Technological Advancement and Features in Data Centre
Technological enhancements are not just incremental improvements but are pivotal in transforming the landscape of the data centre 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 centre. Following key technological advancements are acting as catalysts for this market growth.
- The Exponential Increase in Data Generated by Businesses and Consumers
The U.S. data landscape is witnessing an unprecedented surge, primarily driven by factors such as the proliferation of smart devices, the growth of e-commerce. Businesses are collecting data on customer preferences, market trends, and operational metrics, while consumers contribute through social media interactions, online transactions, and connected devices. This increasing volume of data is projected to leap to 181 zettabytes by 2025.
Opportunities
- Initiation of Green Data Centre
The concept of green data centres 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 centre service market. The initiation of green data centres, which prioritize the use of renewable energy sources, efficient cooling technologies, and sustainable design principles, is set to transform the industry landscape.
- Rise in Edge Computing
The evolution of edge computing represents a significant shift in the landscape of data processing and management, creating substantial opportunities for the U.S. data centre service market. As the demand for real-time data processing and reduced latency continues to grow, edge computing is emerging as a critical solution, poised to transform traditional data centre operations and drive innovation.
Restraints/Challenges
- Challenging Regulatory Landscape Concerning Sustainability Issues
The U.S. data centre service market has encountered a significant challenge in the form of an increasingly stringent regulatory landscape focusing on sustainability. Governments and international bodies are imposing stricter regulations to address environmental concerns associated with data centres’ energy consumption and carbon footprint. This regulatory environment poses multifaceted challenges to the industry, impacting operations, infrastructure investments, and strategic planning.
- Rising Cyber Threat on Data Centre services
In the digital age, data centres are the backbone of modern business operations, hosting critical applications, and storing vast amounts of sensitive data. However, as the reliance on data centre services increases, so does the vulnerability to cyber threats. The escalating frequency and sophistication of cyberattacks present a significant challenge to the U.S. data centre service market, potentially restraining its growth and raising serious concerns about data security and integrity.
Recent Developments
- In January 2023, Meneta Group has patented SmartStack, a new shim production method combining two rubber types for enhanced noise reduction. This innovation, with a unique four-layer structure, offers a broad damping range compared to traditional shims. Meneta, with in-house capabilities for both liquid and calendered rubber technology, can produce superior brake shims, positioning the company to excel in both OE and aftermarket applications worldwide. This results in a more durable product with reduced noise, oozing, drag, and off-brake noise, thus extending pad life and overall performance
- In December 2023, Vertiv Group Corp., finalized the acquisition of Cool Tera Ltd., enhancing its liquid cooling capabilities for data centres. This strategic move bolstered Vertiv's thermal management portfolio, positioning it to better support global AI deployment needs with advanced cooling technologies
U.S. Service Market for Data Centre Market Scope
U.S. service market for data centre market is segmented into six segments based on service type, tier standard, size, location end user, and industry. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Service Type
- Design & Consulting
- Installation & Deployment
- Support & Maintenance
- Training & Development
On the basis of service type, the market is segmented into design & consulting, installation & deployment, support & maintenance, and training & development.
Tier Standard
- TIER III
- TIER IV
- TIER II
- TIER I
On the basis of tier standard, the market is segmented into TIER III, TIER IV, TIER II, and TIER I.
Size
- Small Size Data Centre
- Large Data Centre
- Medium Size Data Centre
On the basis of size, the market is segmented into small size data centre, large data centre, and medium size data centre.
Location
- Brownfield
- Greenfield
On the basis of location, the market is segmented into brownfield and greenfield.
End User
- Enterprise
- Colocation
- Hyperscale
- Edge Data Centers
- Others
On the basis of end user, the market is segmented into enterprise, colocation, hyperscale, edge data centers, 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
- Others
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.
U.S. Service Market for Data Centre Market Regional Analysis/Insights
U.S. service market for data centre market is segmented into service type, tier standard, size, location end user, and industry.
The states/cities covered in this 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.
Virginia is expected to dominate the U.S. service market for data centre market due to several factors extensive adoption of cloud services and digital transformation across industries, leading to high demand for data storage and processing capabilities.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of domestic brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and U.S. Service Market for Data Centre Market Share Analysis
U.S. service market for data centre Market competitive landscape provides details of the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to U.S. service market for data centre market.
Some of the major players operating in the US Service Market Data Centre Service Market are Dell Inc., Hewlett Packard Enterprise Development LP, IBM, Cisco Systems, Inc., Schneider Electric, Hitachi, Ltd., Huawei Digital Power Technologies Co., Ltd., Fujitsu, Equinix, Inc., Vertiv Group Corp. , NTT DATA Group Corporation, Verizon, Inc, ABB, Eaton, Siemens, Quantum Switch, 365 Data Centers, Cologix, CoreSite, HCL Technologies Limited, Flexential , CenturyLink, Capgemini, RPS Group, Rittal LLC. among others.
SKU-