Data Center and Hosting Market Size, Trends, Drivers and Challenges, Vendor Landscape, Opportunities and Forecast to 2029
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The global data center and hosting market research report provides an executive-level overview of the current data center and hosting market worldwide, with detailed forecasts of key indicators up to 2029. Published annually, the global data center and hosting market report provides a detailed analysis of the near-term opportunities, competitive dynamics, and evolution of demand by product/service type and verticals across the large enterprise and micro, small & medium enterprise (MSME) markets, as well as a review of key data center and hosting market trends as well as the technological developments that are shaping the data center and hosting landscape.
The global outlook report provides information and insights into global data center and hosting market
– The primary finding from GlobalData's view of revenue opportunities in the data center and hosting market through to 2029, highlighting the market size and growth by product/service, by region, by vertical and by size band.
– The latest trends impacting the data center and hosting market.
– The market drivers that will facilitate the growth of data center and hosting market.
– The market challenges/inhibitors that may hinder the pervasive adoption of data center and hosting.
– The recent developments in the data center and hosting market.
Scope
This outlook report analyses the current trends, drivers, and challenges impacting the data center and hosting market. The report outlines the evolution of data center and hosting, and highlights the recent developments in the data center and hosting market across multiple vedors. This report also presents GlobalData’s view of the revenue opportunities in the data center and hosting market through to 2029, highlighting the market size and growth by technology, geography, and size band.
Key Highlights
The global data center and hosting market size was valued at $112.4 billion in 2024. The market is expected to grow at a CAGR of 11.2% during the forecast period (2024-2029). Rising cost and complexities of operating data centers on-premises due to scalability issues have been driving enterprises to adopt data center services. Growing concerns about data privacy and data localization requirements are also driving enterprises to seek the support of data center service providers to tackle these issues. .
According to GlobalData, data center and hosting would see majority share of its revenue come from application hosting and data center services segment over the forecast period. Revenue from application hosting and data center services segment reached $67.5 billion in 2024 and is set to grow up to $93 billion in 2029 at a CAGR of 6.6%.
BFSI and manufacturing are the leading end-use vertical segment for data center and hosting, in terms of revenue contribution, and will remain so over the forecast period.
Asia-Pacific is the leading regional market with revenue estimated at $37.5 billion for 2024 and set to grow up to $64.1 billion by 2029 at a CAGR of 11.3%.
Reasons to Buy
This Global Outlook Report provides a comprehensive assessment of the data center and hosting market. It helps the reader to understand the data center and hosting market landscape, the recent trends, drivers, and challenges/inhibitors shaping the data center and hosting market.
The report is exhaustive and up-to-date providing market opportunity forecasts in the data center and hosting market from 2024 to 2029, spanning technology segments (services), six regions, 27 verticals, and two size bands.
NTT Data
Digital Realty
CSQUARE
Aligned
CyrusOne
Vantage Data Centers
NSCALE
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