Data Center and Hosting Market Size and Forecast (by Country, IT Solution Area, Size Band and Vertical) to 2027
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Data Center and Hosting Market Overview
The global data center and hosting market size was valued at US$ 99.44 billion in 2022 and will grow at a compounded annual growth rate (CAGR) of 11.76% to reach US$ 173.39 billion by 2027. The cumulative revenue generation for data center and hosting providers is estimated at US$ 788.09 billion for 2022-2027.
Data Center and Hosting Market Outlook, 2022-2027 (US$ Billion)
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The ‘Data Center and Hosting Market’ opportunity forecast report provides the total addressable market for data center and hosting solutions from 2019 to 2027.
Market Size (2022) | US$ 99.44 billion |
Market Size (2027) | US$ 173.39 billion |
CAGR (2022-2027) | 11.76% |
Key Segments | · Application Hosting & Data Center Services
· Colocation Services |
Key Regions | · North America
· South & Central America · Western Europe · Central & Eastern Europe · Middle East & Africa · Asia Pacific |
Key Verticals | · Manufacturing
· Information Technology · Retail · Retail Banking · Government · Insurance · Transport and Logistics · Healthcare · Construction · Energy · Consumer Goods · Financial Markets · Utilities · Communication · Education · Foodservice · Travel and Leisure · Media · Pharmaceuticals · Mining · Medical Devices · Others |
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Data Center and Hosting Market Segmentation by Region
The data center and hosting market is geographically segmented into North America, South and Central America, Western Europe, Central and Eastern Europe, Middle East Africa, and the Asia Pacific.
The Asia Pacific region dominated the data center and hosting market with a revenue share of 35.2% in 2022. Undoubtedly, China held the largest market share of 31.4% in this region. On the other hand, North America and Western Europe held the second and third positions with 31.5% and 16.7% of market shares, respectively.
Data Center and Hosting Market Share by Region, 2022 (%)
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Data Center and Hosting Market Segmentation by Vertical
Manufacturing, information technology, retail, retail banking, government, insurance, transport and logistics, construction, healthcare, and energy are a few of the key end-use industries making use of data center and hosting in their operations. In terms of vertical end-use segments, the manufacturing sector held the highest market share of 9.0%, followed by the information technology sector.
The data center and hosting market for the energy sector is expected to be the fastest-growing segment, recording an estimated CAGR of 16.27%, during the forecast period.
Data Center and Hosting Market Share by Verticals, 2022 (%)
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Data Center and Hosting Market - Competitive Landscape
A few of the major players significantly impacting the data center and hosting market are Equinix, Inc, Digital Realty Trust, China Telecom, Cyxtera, and Synnex corporation among others.
Leading Data Center and Hosting Companies
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Scope
This product provides revenue opportunity forecasts in the data center and hosting market from 2019 to 2027, spanning 52 geographical markets, 6 regions, and 22 verticals.
Key Highlights
- The global data center and hosting market is expected to grow at a CAGR of 11.76% over the forecast period.
- Asia Pacific will hold the highest market share of 35.2% in the data center and hosting market over the forecast period. North America and Western Europe will follow with market shares of 31.5% and 16.7%, respectively. The Middle East, Africa, Central and Eastern Europe, and South and Central America together are expected to account for the remaining market share of 16.6%.
Reasons to Buy
- Access the current state and expected growth (next 5 years) of the data center and hosting
- Determine lucrative sectors for data center and hosting, considering their current contribution to the overall data center and hosting market and their expected input toward the market growth over the next 5 years.
- Identify the geographies/countries that would contribute to the data center and hosting market growth over the next 5 years.
Frequently asked questions
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What was the data center and hosting market size in 2022?
The data center and hosting market size was estimated at US$ 99.44 billion in 2022 and is expected to reach US$ 107.00 billion in 2023.
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What will the data center and hosting market growth be by 2027?
The data center and hosting market is expected to grow at a compound annual growth rate of 11.76% over the forecast period to reach US$ 173.39 billion by 2027.
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Which industry vertical led the data center and hosting market in 2022?
The manufacturing sector was the largest vertical with 9.0% market share in 2022.
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Which region accounted for the largest data center and hosting market share in 2022?
The Asia Pacific region dominated the data center and hosting market with 35.2% market share in 2022.
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