Intelligent CIO North America Issue 57 | Page 53

FEATURE: DATA CENTERS

Data Center market forecast to reach US $ 613.36 billion by 2033

Report from ResearchAndMarkets. com says increased data consumption, the rise of cloud computing, the need for data processing and storage, digital transformation, the expansion of the IoT and the requirement for improved cybersecurity are some of the causes propelling the data center sector.

The Data Center market is forecast to reach US $ 613.36 billion 2033 from US $ 237.07 billion in 2024 – with a with a CAGR of 11.14 % from 2025 to 2033, a report from ResearchAndMarkets reveals.

Increased data consumption, the rise of cloud computing, the need for data processing and storage, digital transformation, the expansion of the IoT and the requirement for improved cybersecurity are some of the causes propelling the data center sector the Data Center Market Size and Share Analysis – Growth Trends and Forecast Report 2025-2033 finds.
Growing trends in green data centers and sustainability sustainability as a major trend in the global data center market. Many businesses are making large investments in green data centers, utilizing energy-efficient cooling systems and renewable energy sources like solar and wind. Additionally, rising energy prices, more stringent regulations and corporate social responsibility initiatives are the causes of this change. Data centers are progressively implementing sustainable measures to lower their carbon footprints while preserving peak performance as environmental concerns increase.
The data center market share is growing as a result of these initiatives, which are also propelling improvements in energy management and environmentally friendly infrastructure design.
With a growing focus on energy conservation and reducing environmental impact, the report identifies
The report references DSM Group debuting their Eco Data Center in England in October 2024, which includes
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