The global datacenter market will continue to grow significantly over the next decade, according to researchers from Future Markets Insights. By 2032, the market segment is expected to generate €213 billion ($210 billion) in revenue.
Future Markets Insights indicates that the revenue of the global datacenter market will increase by 7.5 percent from €110 billion ($102 billion) to €213 billion ($210 billion) between 2022 and 2032. The market segment’s revenue rose by 5.5 percent between 2017 and 2021.
Causes for datacenter growth
The rise in revenue is mainly due to the increasing demand for digital services. The use of datacenters increased significantly since the corona pandemic, driven by various collaboration platforms and migrations to cloud environments.
Furthermore, datacenter usage is growing due to the demand for flexible infrastructure environments. Instead of investing in on-prem datacenters, companies increasingly offload their infrastructure to service providers.
Co-locations provide excellent facilities for companies to house their servers and storage, including cooling, reliable power supply and connectivity to hundreds of (public) cloud environments and other networks.
Another reason for the market’s growth is the proliferation of internet-enabled (SaaS) services, both business- and consumer-orientated. Developments like 5G and IoT also contribute to the growing importance of datacenters, the researchers note.
Looking at individual regions, datacenter services in the United States grow at an exceptional pace. The United Kingdom was found to be the largest co-location market in Europe. Investments by Alibaba Cloud are expected to contribute to additional spending on Chinese datacenter services in the coming period.
Future Markets Insights’ researchers expect major datacenter service providers to invest heavily in expanding their footprint between 2022 and 2032. Investments include product launches, collaborations with other IT players, acquisitions and financing their regional and global distribution networks.