Data Center Market

The data center market consists of specialized physical facilities that consolidate IT operations and equipment for storing, processing, and distributing data. Key customers include large enterprises, cloud providers, and organizations across sectors like IT & Telecom, government, and finance. The market's primary growth drivers are widespread digital transformation, the massive adoption of cloud computing services, and the increasing integration of IoT and multi-cloud architectures.

CAGR

11.5%

Compound Annual Growth Rate

Current Value

$453.8B

Estimated 2026

Projected Value

$1.08T

By 2034

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