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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
United States Data Center Market Size
The United States data center market reached approximately USD 18.50 billion in 2023. The market is projected to grow at a CAGR of 9.5% between 2024 and 2032, reaching a value of around USD 42.10 billion by 2032.
Key Takeaways
- The United States boasts 2,701 data centers in 2022, followed by Germany, the UK, and China.
- Data centers are concentrated in major US cities such as Seattle, Dallas, Los Angeles, Portland, Chicago, and Atlanta, among others.
- Northern Virginia is a major hub of data centers, attributed to its proximity to physical infrastructure that forms internet foundations.
A data center is a physical facility that houses multiple computers to process, store, and share data. It centralises an organisation's IT operations and provides services such as data storage, management, backup, and recovery. The United States is one of the largest-growing economies in the world, which is likely to boost the growth of public cloud-based data centers in the forecast period.
Furthermore, The IT industry dominates the United States as the largest private sector employer in the country, where data centers are widely used. In recent years, the importance of data centers has increased worldwide due to the increasing digitisation of business processes, cloud usage, and big data. The United States data center market growth can be attributed to changes in working habits, technological advancements and the growth of cloud-based technologies, among others.
United States Data Center Market Report Snapshots
United States Data Center Market Size
United States Data Center Market Trends
United States Data Center Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 18.50 billion.
The market is estimated to grow at a CAGR of 9.5% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 42.10 billion by 2032.
The major market drivers are the rising use of internet, the norm of work-from-home, and an increase in data generation.
The key trends aiding the market expansion include technological advancements and innovations, the introduction of artificial intelligence, and a strong future of 5G.
The major regions in the market are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The various components of data center are solution and services.
The different end uses of data center are BFSI, IT and telecom, manufacturing and automotive, government, healthcare, gaming and entertainment, retail and e-commerce, others.
The major players in the market are Alphabet Inc., Oracle Corp., American Tower Corporation, Equinix, Inc., Digital Realty Trust Inc., Cyxtera Technologies Inc., CyrusOne Inc., NTT Ltd., Iron Mountain, Inc., DataBank, Ltd., Flexential Corp., and Vantage Data Centers Management Company, LLC, among others.
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