UNITED STATES DATA CENTER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Takeaways from Analyst

The data center market in the United States is expected to continue expanding over the next five years. Rising generation of data due to an increasing number of connected devices is a key driver fueling growth in this market. Furthermore, rapid adoption of cloud computing and outsourcing of data center services are prompting enterprises to expand their existing infrastructure or construct new data centers. Hyperscale cloud providers such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform are aggressively investing in this market. However, factors such as high initial capital expenditures pose a challenge to market growth. The COVID-19 pandemic also disrupted on-site operations and construction of new data center buildings last year. Among regions, the West and Southwest parts of the U.S. dominated the market in 2020 due to the availability of cheap lands and stable power supply. Going forward, the South-Central region is expected to attract more investment since states like Texas offer tax and cost advantages to hyperscale data center operators.