PUBLISHER: Grand View Research | PRODUCT CODE: 1654560
PUBLISHER: Grand View Research | PRODUCT CODE: 1654560
The global data center as a service market size is anticipated to reach USD 461.44 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 23.3% from 2025 to 2030. 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.
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.