Data Center As A Service Market to be Worth $461.44 Billion By 2030: Grand View Research, Inc.

SAN FRANCISCO, July 18, 2023 /PRNewswire/ — The global data center as a service market size is estimated to reach USD 461.44 billion by 2030, expanding at a CAGR of 25.1% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The data center as a service (DCaaS) market growth can be attributed to the rising government support and higher spending by key players in the market. Further, the rising use of advanced technologies such as cloud, AI, IoT, and machine learning in data centers offer a wide array of benefits to organizations and is expected to drive the growth.
Key Industry Insights & Findings from the report:
The storage segment is expected to register a CAGR of 28.0% from 2023 to 2030. The growing adoption of cloud platforms to reduce the complexity of the growing data sets and the proliferation of data centers are expected to drive the demand for system infrastructure storage software worldwide.The SMEs segment is anticipated to expand at a CAGR of 27.3% from 2023 to 2030. Data Center-as-a-Service (DCaaS) provides SMEs with a favorable option to cut down on their overhead costs by shifting their workloads to the cloud.The healthcare segment is anticipated to expand at a CAGR of 30.5% from 2023 to 2030. Continued advances in the medical field and the outbreak of the COVID-19 pandemic in particular are accelerating the adoption of data center as a service in the healthcare industry vertical.Asia Pacific is anticipated to expand at a CAGR of 30.2% from 2023 to 2030. The demand for data center development and infrastructure is growing in the region owing to the large data volumes generated by extensive telecom networks, large e-commerce customer base, and numerous service providers in the region, thereby resulting in high traffic flows in servers.Read 130 page market research report, “Data Center As A Service Market Size, Share & Trends Analysis Report By Infrastructure (Servers, Storage, Networking), By Organization Size (SMEs, Large Enterprises), By Vertical, By Region, And Segment Forecasts, 2023 – 2030”, published by Grand View Research.
Data Center As A Service Market Growth & Trends
Governments across the globe are supporting the development of data centers to build energy-efficient and reliable data storage facilities. Furthermore, key players such as Amazon, IBM, Microsoft, and Equinix are making significant investments in the development of advanced data center facilities across the globe. For instance, in November 2022, Amazon Web Services, Inc. announced the launch of the AWS Europe (Spain) Region. This was the eighth AWS infrastructure Region in Europe these are the key factors expected to create lucrative opportunities for the data center as a service market over the forecast period.
Data Center service providers offer data center services on rent or lease to clients. The rapid shift of various end-use companies toward Data Center services instead of settling up expensive data centers is expected to boost the growth of the market over the forecast period. The increasing demand for Data Center solutions is encouraging various industry players to strengthen their Data Center as a service solutions portfolio to improve their brand representation. For instance, in July 2022, Data Holdings acquired Stack41 which provides data center management, cloud & virtual machines, cybersecurity, and other hosting services. The following acquisition is expected to help Data Holding in offering a group of fully outsourced data center services to the customers.
Data Center As A Service Market Report Scope
Report Attribute
Details
Market size value in 2023
USD 96.32 billion
Revenue forecast in 2030
USD 461.44 billion
Growth rate
CAGR of 25.1% from 2023 to 2030
Base year for estimation
2022
Historical data
2018 – 2021
Forecast period
2023 – 2030
 
Data Center As A Service Market Segmentation 
Grand View Research has segmented the global data center as a service market based on infrastructure, organization size, vertical, and region:
Data Center As A Service Market – Infrastructure Outlook (Revenue, USD Billion, 2018 – 2030)
ServersStorageNetworkingData Center As A Service Market – Organization Size Outlook (Revenue, USD Billion, 2018 – 2030)
SMEsLarge EnterprisesData Center As A Service Market – Vertical Outlook (Revenue, USD Billion, 2018 – 2030)
RetailBFSIIT & TelecomHealthcareManufacturingOthersData Center As A Service Market – Regional Outlook (Revenue, USD Billion, 2018 – 2030)
North AmericaU.S.CanadaEuropeGermanyUKFranceItalySpainAsia PacificChinaIndiaJapanSouth KoreaAustraliaLatin AmericaBrazilMexicoArgentinaMiddle East & AfricaU.A.ESaudi ArabiaSouth AfricaList of Key Players in the Data Center As A Service Market
IBM CorporationMicrosoft CorporationHewlett Packard Enterprise Development LPDell Inc.AlibabaAT & TCloudian365 Data CentersDigital RealityCyxtera Technologies.Digital Ocean, LLC.Linode LLC.Equinix, Inc.HuaweiAmazom.com, Inc.Check out more related studies published by Grand View Research:
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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