- Revenue in the Data Center market is projected to reach US$342.10bn in 2023.
- Network Infrastructure dominates the market with a projected market volume of US$203.40bn in 2023.
- Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 4.66%, resulting in a market volume of US$410.40bn by 2027.
- In global comparison, most revenue will be generated in the United States (US$99.97bn in 2023).
Revenue
The importance of data centers for each company as well as in the public sector is growing worldwide due to increasing digitization of business processes, cloud usage, and big data. However, spending in this market shows fluctuations caused by the high one-off cost of purchasing and setting up data centers. Investment in IT infrastructure increases in times of good economic conditions and high adoption rates of new technologies and applications, but usually decreases afterwards. As a consequence of the COVID-19 pandemic, investments were delayed, which might lead to catch-up effects in the subsequent years.
Methodology
Data coverage:
The data encompasses B2B enterprises. Figures are based on hardware-related expenses of businesses for setting up and maintaining an IT infrastructure.
Modeling approach / Market size:
Market sizes are determined through a top-down approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports and national statistical offices. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of digitization. This data helps us estimate the market size for each country individually.
Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing and the S-curve function, is based on the behavior of the relevant market.
Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.
Key Market Indicators
The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models.
