The United States data center market encompasses revenue generated from the management and operation of data centers for storage, management, and processing of data. The data centers provide colocation for various applications, including web hosting, data storage, and analytical services. The increasing adoption of cloud-based services has led to significant demand for data storage space, data security, and high-performance computing. With the growing volume of data generated and consumed in various industries, the need for data centers to support advanced analytics, high-performance computing applications, and cloud services has increased considerably in the United States.

The United States data center market is estimated to be valued at US$ 105 billion in 2024 and is expected to exhibit a CAGR of 14.5. % over the forecast period 2024-2031.

Key Takeaways:

Key players operating in the United States Data Center Market Size include Equinix, Digital Realty, NTT Communications, CyrusOne, and Global Switch. These players are focusing on expanding their presence through mergers and acquisitions and strategic partnerships. For instance, in 2022, Digital Realty acquired a majority stake in Teraco, a leading African data center provider.

The growing adoption of advanced technologies such as big data analytics, IoT, artificial intelligence, and 5G is expected to generate significant opportunities for data center services. Increasing demand for cloud-based services and the rising need to manage exponential data growth will boost the demand for managed and outsourced data center services.

Get More Insights On- United States Data Center Market

Naijamatta is a social networking site,

download Naijamatta from Google play store or visit www.naijamatta.com to register. You can post, comment, do voice and video call, join and open group, go live etc. Join Naijamatta family, the Green app.