The integration of AI and ML, server virtualization, 5G networks, and sophisticated cooling systems are not just trends but are substantial drivers for the global data center service market. They are setting new standards for efficiency, reliability, and sustainability in data center operations, ensuring that the infrastructure is in place to support the digital demands of the present and the future. By embracing these innovations, data center service providers can offer robust, scalable solutions that cater to the ever-growing needs of businesses in today's data-driven world. Hence growing technological advancement in data center is expected to drive the market growth.
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Data Bridge Market Research analyzes that the Global Data Center Service Market is expected to reach a value of USD 59.15 billion by 2031 from USD 19.56 billion in 2023, growing at a CAGR of 14.9% during the forecast period of 2024 to 2031. The adoption of demand due to the growing technological advancement and features in data center.
Key Findings of the Study
The Exponential Increase in Data Generated by Businesses and Consumers
The market for data center service is largely driven by the exponential increase in data generated by businesses and consumers is a primary driver for the data center service market, as organizations require scalable infrastructure to store, process, and analyze vast amounts of information. This trend is propelled by digitalization, IoT proliferation, cloud computing adoption, and the need for real-time data insights, prompting significant investments in data center services to meet these expanding requirements. As a result, the market for data center service is expanding due to the rising demand for creative monitoring systems that guarantee compliance with environmental requirements.
In today's market, the exponential growth in data generated by businesses and consumers is a pivotal force driving the expansion of data center services. This surge is fueled by digital transformation, cloud computing adoption, IoT proliferation, and the increasing demand for real-time data insights and secure storage solutions across industries worldwide. The importance of this factor in influencing the data center service industry is only increasing as sustainability rises to the top of the priority list.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion
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Segments Covered
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Type (Design & 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 Center Services, Internet Access Optimization, Network Service, Security and Connectivity Management, Website Management, Regulatory and Standard Compliance, Disaster Recovery and Business Continuity Services, and Others), Service Department (Help Desk, Research and Development (R&D), Design and Engineering, Employee Training, Technical Support and Consulting, and Financial Support Services), Tier Standard (TIER III, TIER IV, TIER II, TIER I), Size (Small Size Data Center, Large Data Center, and Medium Size Data Center), Location (Brownfield and Greenfield), End User (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, Power and Energy, Transport & Logistics, and Others)
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Countries Covered
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Germany, France, Italy, U.K., Netherlands, Belgium, Spain, Switzerland, Russia, Turkey, Poland, Sweden, Denmark, Finland, Norway, Rest of Europe, China, Japan, South Korea, India, Taiwan, Vietnam, New Zealand, Australia, Philippines, Thailand, Malaysia, Singapore, Indonesia and the Rest of Asia-Pacific, U.S., Canada, and Mexico, South Africa, U.A.E., Saudi Arabia, Egypt, Bahrain, Oman, Qatar, Kuwait, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America
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Market Players Covered
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Dell Inc. (U.S.), Hewlett Packard Enterprise Development LP (U.S.), IBM (U.S.), Cisco Systems, Inc. (U.S.), Schneider Electric (France), Hitachi, Ltd. (Switzerland), Huawei Digital Power Technologies Co., Ltd. (China), Fujitsu (Japan), Equinix, Inc. U.S.), HCL Technologies Limited (India), Data Center Group (Germany), Fichtner GmbH & Co. KG (Germany), Tetra Tech, Inc., INFINITI IT LIMITED (U.K.), Vertiv Group Corp. (U.S.), APL Data Center (France), Azura Consultancy (Netherlands), Comarch SA (Poland), NTT DATA Group Corporation (Japan), Verizon (U.S), NEC Corporation (Japan), Capgemini (France), Sify Technologies (India)
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Data Points Covered in the Report
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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
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Segment Analysis
The global data center service market is segmented into seven segments based on type, service department, tier standard, size, location, end user, and industry.
- On the basis of type, the market is segmented into 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 center services, internet access optimization, network service, security and connectivity management, website management, regulatory and standard compliance, disaster recovery and business continuity services, and others
In 2024, design and consulting segment is expected to dominate the Global Data Center Service Market
In 2024, design and consulting segment is expected to dominate the market with a 19.72% market share due to growing technological advancement and features in data center.
- On the basis of service department, the market is segmented into help desk, research and development (R&D), design and engineering, employee training, technical support and consulting, and financial support services
In 2024, help desk segment is expected to dominate the Global Data Center Service Market
In 2024, help desk segment is expected to dominate the market with a 33.39% market share due to the rise of outsourcing and colocation of data center services.
- 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 market with a 36.72% market share
- On the basis of size, the market is segmented into small size data center, large data center, and medium size data center. In 2024, small size data center segment is expected to dominate the market with a 48.46% 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 68.32% market share
- On the basis of end user, the market is segmented into enterprise, colocation, hyperscale, edge data centers, and others. In 2024, enterprise segment is expected to dominate the market with a 34.60% 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, power and energy, transport & logistics, and others. In 2024, IT and telecommunications segment is expected to dominate the market with a 16.80% market share
Major Players
Data Bridge Market Research analyzes Equinix, Inc. (U.S.), Dell Inc. (U.S.), Schneider Electric (France), HCL Technologies Limited (India), NEC Corporation (Japan) as the major players operating in the market.
Market Development
- In June 2024, Schneider Electric demystified PowerChute with addressing misconceptions. Customer feedback prompted action with a 30-day free trial for PowerChute in virtualized environments, and a new e-learning course. This approach increased Service understanding and adoption, benefiting the company's reputation and customer satisfaction
- In March 2024, Schneider Electric collaborated with NVIDIA to optimize data center infrastructure, introducing AI data center reference designs. This benefitted the company by enhancing deployment efficiency, scalability, and sustainability, meeting the evolving demands of AI workloads and driving innovation across industries
- 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 May 2024, Dell Inc., introduced PowerEdge XE9680L with direct liquid cooling and rack-scale architecture boosted the company's AI computing capabilities, offering high GPU density, efficient cooling, and seamless deployment, enhancing Serviceivity and innovation in AI workloads
- In September 2021, APL Data Center, recognized as winner of two perfecto 2021 calls for project launch with LCIE Bureau Veritas, advancing environmental impact assessment standards for data centers and telecom services. This collaboration enhances APL's position in promoting eco-friendly digital solutions
Regional Analysis
Geographically, the countries covered in the global data center service market report are Germany, France, Italy, U.K., Netherlands, Belgium, Spain, Switzerland, Russia, Turkey, Poland, Sweden, Denmark, Finland, Norway, rest of Europe, China, Japan, South Korea, India, Taiwan, Vietnam, New Zealand, Australia, Philippines, Thailand, Malaysia, Singapore, Indonesia and the rest of Asia-Pacific, U.S., Canada, and Mexico, South Africa, U.A.E., Saudi Arabia, Egypt, Bahrain, Oman, Qatar, Kuwait, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.
As per Data Bridge Market Research analysis:
North America region is expected to dominate the market in Global Data Center Service Market
North America is expected to be the dominant and fastest growing region in the global data center service market due a large and diverse economy, extensive technological infrastructure, high demand for cloud computing services, and significant investments by major tech companies in data center facilities across the region.
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