North America Data Center Market (2023-2029) | Analysis, Trends, Forecast, Share, Companies, Value, Growth, Revenue, COVID-19 IMPACT, Size & Industry

North America Data Center Market Highlights

Report Name	North America Data Center Market
Base Year	2022
Historical Period	2019-2022
Forecast Period	2023-2029
Growth Rate	5.60%
Report Coverage	Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
Segment Coverage	By Countries, By Component, By Vertical
Customization Scope	100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com
Pricing and Purchase Options	Avail customization purchase option to know the exact pricing of your research needs

Topics Covered in the North America Data Center Market Report

The North America Data Center Market report thoroughly covers the market by component, by vertical, by countries and competitive landscape. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

North America Data Center Market Synopsis

The North America Data Center Market industry is a thriving and dynamic sector that encompasses a wide range of data center facilities, from colocation and hyperscale data centers to edge computing infrastructure. As businesses continue to digitize and rely on cloud services, the demand for data center capacity has been steadily increasing. Major metropolitan areas such as Northern Virginia, Silicon Valley, and Dallas-Fort Worth have emerged as key data center hubs due to their strategic locations and robust connectivity. Key trends shaping the market include a focus on energy efficiency and sustainability, with a growing emphasis on green data centers powered by renewable energy sources. Additionally, edge computing is gaining momentum as organizations seek to reduce latency and bring computing resources closer to end-users. Cloud adoption, 5G deployment, and the growth of IoT devices are driving demand for data center expansion and innovation across the North American region. Additionally, the market has witnessed investments in hyperscale facilities by major tech giants like Google, Amazon, and Microsoft to meet the escalating demand for cloud services. Moreover, there's a growing focus on sustainability, with data center operators increasingly adopting renewable energy sources and implementing energy-efficient technologies to reduce carbon footprints. Edge data centers have gained prominence as the rollout of 5G networks accelerates, demanding low-latency computing capabilities. Challenges in the market include the rising costs of land and energy, which impact operational expenses, and the ongoing need for skilled personnel to manage and maintain data center infrastructure. Furthermore, regulatory compliance and data security concerns have prompted data center operators to invest heavily in ensuring data protection and compliance with evolving regulations, such as GDPR and CCPA, which add complexity to operations.

According to 6Wresearch, North America Data Center Market size is projected to grow by 5.60% resulting in a market volume of US$138.89bn during 2023-2029. The North America data center market is driven by several key growth drivers. Firstly, the exponential growth in data generated by businesses, cloud computing, IoT devices, and digital applications has fueled the demand for data center facilities to store, process, and manage this data. Secondly, the rapid expansion of cloud services, driven by major providers like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud, has led to increased demand for data center infrastructure to support their operations. Thirdly, the ongoing rollout of 5G networks is driving the need for edge data centers to reduce latency and provide real-time processing for emerging applications like autonomous vehicles and augmented reality. Additionally, the increasing focus on remote work and online services, accelerated by the COVID-19 pandemic, has further propelled the demand for robust data center solutions to ensure seamless connectivity and data access.

COVID-19 Impact on North America Data Center Market

The COVID-19 pandemic had a notable impact on the North America data center market revenues. While the initial disruptions caused by lockdowns and supply chain interruptions slowed down some construction and maintenance activities, the pandemic also underscored the critical importance of data center infrastructure. The sudden surge in remote work, online learning, and e-commerce led to increased demand for cloud services and data storage, accelerating the need for data center expansion. Moreover, data center operators had to implement stringent health and safety measures to ensure the continuity of operations and protect essential on-site personnel. The pandemic ultimately reinforced the resilience and significance of data centers in supporting the digital economy and remote connectivity, driving continued investments and growth in the sector.

Key Players in the North America Data Center Market

The North America data center market features a competitive landscape with several major players leading the industry. Key participants include Equinix, Digital Realty Trust, CyrusOne, CoreSite Realty Corporation, and QTS Realty Trust, among others. Equinix, as one of the world's largest data center providers, has a significant presence in North America, offering a wide range of colocation and interconnection services. Digital Realty Trust is another major player, known for its extensive portfolio of data centers across key North American markets. CyrusOne and CoreSite Realty Corporation also have substantial data center footprints, catering to the growing demand for data center services in the region. QTS Realty Trust specializes in hybrid colocation and data center solutions, further contributing to the competitive landscape of the North America data center market. Additionally, some of the companies grip weighty North America Data Center Market share.

Market by Vertical

According to Ravi Bhandari, Research Head, 6Wresearch, the North America data center market serves a wide range of industry verticals, reflecting the region's diverse economy. These verticals include technology and cloud service providers, which require extensive data center infrastructure to support their cloud computing and storage needs. The financial services sector relies on data centers for secure and low-latency trading operations and data processing. Healthcare organizations store and manage sensitive patient data in data centers, while the e-commerce industry depends on them for online retail operations and customer data management. Additionally, telecommunications companies utilize data centers for network connectivity and content delivery services. As the digital transformation continues across various sectors, the North America data center market plays a pivotal role in enabling and sustaining the operations of these diverse verticals.

Market by Countries

The North America data center market is primarily driven by the United States and Canada. The United States, with its robust economy and extensive technology infrastructure, leads the region in data center development and innovation, with key data center hubs in Northern Virginia, Silicon Valley, Dallas-Fort Worth, and Chicago. Moreover, the country grips the mainstream of the United States Data Center Market share. Additionally, Canada is also emerging as a significant player in the market, offering favorable factors such as low energy costs, political stability, and environmental sustainability. Major Canadian cities like Toronto, Montreal, and Vancouver have witnessed increased data center investments, attracting both domestic and international data center operators. Together, the United States and Canada form the core of the North America data center market, serving the diverse needs of various industries and businesses across the region.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• North America Data Center Market Outlook
• Market Size of North America Data Center Market, 2022
• Forecast of North America Data Center Market, 2029
• Historical Data and Forecast of North America Data Center Revenues & Volume for the Period 2019 - 2029
• North America Data Center Market Trend Evolution
• North America Data Center Market Drivers and Challenges
• North America Data Center Price Trends
• North America Data Center Porter's Five Forces
• North America Data Center Industry Life Cycle
• Historical Data and Forecast of North America Data Center Market Revenues & Volume By Component for the Period 2019 - 2029
• Historical Data and Forecast of North America Data Center Market Revenues & Volume By Electrical for the Period 2019 - 2029
• Historical Data and Forecast of North America Data Center Market Revenues & Volume By Mechanical for the Period 2019 - 2029
• Historical Data and Forecast of North America Data Center Market Revenues & Volume By Networking for the Period 2019 - 2029
• Historical Data and Forecast of North America Data Center Market Revenues & Volume By Racks for the Period 2019 - 2029
• Historical Data and Forecast of North America Data Center Market Revenues & Volume By Security Systems for the Period 2019 - 2029
• Historical Data and Forecast of North America Data Center Market Revenues & Volume By Fire Systems for the Period 2019 - 2029
• Historical Data and Forecast of United States Data Center Market Revenues & Volume By Component for the Period 2019 - 2029
• Historical Data and Forecast of United States Data Center Market Revenues & Volume By Electrical for the Period 2019 - 2029
• Historical Data and Forecast of United States Data Center Market Revenues & Volume By Mechanical for the Period 2019 - 2029
• Historical Data and Forecast of United States Data Center Market Revenues & Volume By Networking for the Period 2019 - 2029
• Historical Data and Forecast of United States Data Center Market Revenues & Volume By Racks for the Period 2019 - 2029
• Historical Data and Forecast of United States Data Center Market Revenues & Volume By Security Systems for the Period 2019 - 2029
• Historical Data and Forecast of United States Data Center Market Revenues & Volume By Fire Systems for the Period 2019 - 2029
• Historical Data and Forecast of Canada Data Center Market Revenues & Volume By Component for the Period 2019 - 2029
• Historical Data and Forecast of Canada Data Center Market Revenues & Volume By Electrical for the Period 2019 - 2029
• Historical Data and Forecast of Canada Data Center Market Revenues & Volume By Mechanical for the Period 2019 - 2029
• Historical Data and Forecast of Canada Data Center Market Revenues & Volume By Networking for the Period 2019 - 2029
• Historical Data and Forecast of Canada Data Center Market Revenues & Volume By Racks for the Period 2019 - 2029
• Historical Data and Forecast of Canada Data Center Market Revenues & Volume By Security Systems for the Period 2019 - 2029
• Historical Data and Forecast of Canada Data Center Market Revenues & Volume By Fire Systems for the Period 2019 - 2029
• Historical Data and Forecast of North America Data Center Market Revenues & Volume By Vertical for the Period 2019 - 2029
• Historical Data and Forecast of North America Data Center Market Revenues & Volume By Banking Financial Services & Insurance (BFSI) for the Period 2019 - 2029
• Historical Data and Forecast of North America Data Center Market Revenues & Volume By Government for the Period 2019 - 2029
• Historical Data and Forecast of North America Data Center Market Revenues & Volume By IT & Telecom for the Period 2019 - 2029
• Historical Data and Forecast of North America Data Center Market Revenues & Volume By Media for the Period 2019 - 2029
• Historical Data and Forecast of North America Data Center Market Revenues & Volume By Retail for the Period 2019 - 2029
• Historical Data and Forecast of North America Data Center Market Revenues & Volume By Manufacturing for the Period 2019 - 2029
• Historical Data and Forecast of North America Data Center Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of United States Data Center Market Revenues & Volume By Vertical for the Period 2019 - 2029
• Historical Data and Forecast of United States Data Center Market Revenues & Volume By Banking Financial Services & Insurance (BFSI) for the Period 2019 - 2029
• Historical Data and Forecast of United States Data Center Market Revenues & Volume By Government for the Period 2019 - 2029
• Historical Data and Forecast of United States Data Center Market Revenues & Volume By IT & Telecom for the Period 2019 - 2029
• Historical Data and Forecast of United States Data Center Market Revenues & Volume By Media for the Period 2019 - 2029
• Historical Data and Forecast of United States Data Center Market Revenues & Volume By Retail for the Period 2019 - 2029
• Historical Data and Forecast of United States Data Center Market Revenues & Volume By Manufacturing for the Period 2019 - 2029
• Historical Data and Forecast of United States Data Center Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of Canada Data Center Market Revenues & Volume By Vertical for the Period 2019 - 2029
• Historical Data and Forecast of Canada Data Center Market Revenues & Volume By Banking Financial Services & Insurance (BFSI) for the Period 2019 - 2029
• Historical Data and Forecast of Canada Data Center Market Revenues & Volume By Government for the Period 2019 - 2029
• Historical Data and Forecast of Canada Data Center Market Revenues & Volume By IT & Telecom for the Period 2019 - 2029
• Historical Data and Forecast of Canada Data Center Market Revenues & Volume By Media for the Period 2019 - 2029
• Historical Data and Forecast of Canada Data Center Market Revenues & Volume By Retail for the Period 2019 - 2029
• Historical Data and Forecast of Canada Data Center Market Revenues & Volume By Manufacturing for the Period 2019 - 2029
• Historical Data and Forecast of Canada Data Center Market Revenues & Volume By Others for the Period 2019 - 2029
• North America Data Center Market - Key Performance Indicators
• North America Data Center Market - Import Export Trade Statistics
• North America Data Center Market - Opportunity Assessment By Countries
• North America Data Center Market - Opportunity Assessment By Component
• North America Data Center Market - Opportunity Assessment By Vertical
• North America Data Center Market - Top Companies Market Share
• North America Data Center Market - Top Companies Profiles
• North America Data Center Market - Comparison of Players in Technical and Operating Parameters
• North America Data Center Market - Strategic Recommendations

Markets Covered

The North America Data Center Market report provides a detailed analysis of the following market segments:

By Component

• Electrical
• Mechanical
• Networking
• Racks
• Security Systems
• Fire Systems

By Vertical

• Banking Financial Services & Insurance (BFSI)
• Government
• IT & Telecom
• Media
• Retail
• Manufacturing
• Others

By Countries

• United States
• Canada

Frequently Asked Questions About the Market Study (FAQs):