IMARC Group, a leading market research company, has recently releases report titled “United States Data Center Market Reports by Component (Solution, Services), Type (Colocation, Hyperscale, Edge, and Others), Enterprise Size (Large Enterprises, Small and Medium Enterprises), End User (BFSI, IT and Telecom, Government, Energy and Utilities, and Others), and Region 2023-2028” The study provides a detailed analysis of the industry, including the United States data center market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the United States data center market?
The United States data center market is projected to exhibit a growth rate (CAGR) of 9.90% during 2023-2028.
What is a data center?
A data center is a specialized facility that houses computer systems, networking equipment, and other related components essential for storing, processing, and disseminating data. It serves as the backbone of business operations, providing critical infrastructure for computing, networking, and data management. These facilities are equipped with high-speed internet connectivity, power backup systems, and advanced cooling mechanisms to ensure the uninterrupted functioning of servers and related hardware. They enable businesses to manage large volumes of data, run applications, and offer services such as cloud storage and web hosting. As a result, data centers are designed to be highly secure and resilient to natural disasters, ensuring data integrity and business continuity.
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What are the growth prospects and trends in the United States data center industry?
The United States data center market is primarily driven by the escalating demand for cloud services and the proliferation of Big Data and the Internet of Things (IoT), necessitating secure and scalable data storage solutions. Additionally, the rise of Artificial Intelligence (AI) and machine learning (ML) technologies has augmented the demand for advanced data centers capable of handling complex computations. Apart from this, regulatory requirements for data sovereignty and the protection of sensitive information have spurred investments in local data center capacities, thus positively influencing market growth. Furthermore, businesses are increasingly recognizing the strategic advantage of possessing efficient, state-of-the-art data centers to gain a competitive edge. In line with this, recent technological advancements, including the development of energy-efficient, sustainable data centers, are propelling market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Component Insights:
- Solution
- Services
Type Insights:
- Colocation
- Hyperscale
- Edge
- Others
Enterprise Size Insights:
- Large Enterprises
- Small and Medium Enterprises
End User Insights:
- BFSI
- IT and Telecom
- Government
- Energy and Utilities
- Others
Regional Insights:
- Northeast
- Midwest
- South
- West
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