UNITED STATES DATA CENTER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The United States data center market has witnessed significant growth in the past decade owing to increasing reliance on digital infrastructure and growing cloud adoption across various industrial verticals. As information technology becomes an integral part of most businesses, there has been a rise in the deployment of on-premise data centers as well as the utilization of colocation and cloud services in the country. Various factors such as growth of big data analytics, IoT, and artificial intelligence is generating huge volumes of data on a daily basis which is driving the need for scalable and efficient data storage solutions. Moreover, the implementation of work from home during the COVID-19 pandemic has further boosted the demand for robust data center services to support remote working models. Both hyperscale providers as well as enterprises are aggressively investing in infrastructure expansion to accommodate this unprecedented growth in digital transformation.
Market Dynamics:
The United States data center market is growing at a rapid pace due to few key drivers such as rising cloud adoption among small and medium enterprises, increasing deployment of 5G networks, and focus on energy efficient infrastructure. However, factors like high initial investment costs and rising carbon footprint of these facilities pose a challenge to market players. On the positive side, there exists opportunities through colocation services, adoption of modular data centers, deployment of edge infrastructure, and growth of cryptocurrency mining industry. Data center operators are optimizing power usage effectiveness through utilization of renewable energy sources and efficient cooling systems to lower operating expenses and reduce environmental impact. Hyperscale cloud providers are engaging in mergers and acquisitions to augment their service portfolio offerings as well as geographic footprint in the country.
Key Features of the Study:
- This report provides in-depth analysis of the United States data center market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the United States data center market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Equinix, Digital Realty, NTT Global Data Centers, CoreSite, Cyxtera, and Stream Data Centers
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The United States data center market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Market Segmentation
Market Segmentation
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