New Data Center Market Insights for 2024

Summary:
The "U.S. Hyperscale Data Center Market – Industry Outlook & Forecast 2024-2029" report has been added to ResearchAndMarkets.com’s offerings. The U.S. hyperscale data center market is projected to grow at a CAGR of 7.75% from 2023 to 2029, driven by increasing demand from hyperscale companies, AI, and edge computing. Major players include IT infrastructure providers like Arista Networks, Dell Technologies, HPE, Cisco Systems, and Lenovo. Key operators such as AWS, Microsoft, Meta, Apple, and Google are spearheading the development of self-built data centers, while colocation operators like Equinix and Digital Realty are also expanding their capacities.
The market is seeing new entrants such as Corscale Data Centers and Quantum Loophole. Construction contractors like AECOM and Turner Construction are benefiting from the increased data center construction. Northern Virginia remains a key region despite power constraints, with Texas and other states like Arizona and Illinois gaining traction for data center investments. The report highlights trends such as AI reshaping the data center landscape, a shift toward sustainability, and the adoption of advanced cooling and power systems. The market is forecasted to reach a value of $127.87 billion by 2029 from $81.69 billion in 2023. Key challenges include supply chain disruptions, skilled workforce shortages, and environmental concerns.
Key Highlights:

• Growth driven by hyperscale companies, AI, and edge computing.
• Major players include Arista Networks, Dell Technologies, HPE, Cisco Systems, and Lenovo.
• Significant developments in Virginia, Texas, California, and Arizona.
• Trends include AI-driven infrastructure, sustainability efforts, and innovative cooling solutions.
• Market challenges include supply chain issues, workforce shortages, and environmental concerns.
• Forecasted market value: $127.87 billion by 2029.