Home > Semiconductors & Electronics > Data Center > Data Center Services > Cloud Data Center Market

Cloud Data Center Market Size

Report ID: GMI5491
Published Date: Mar 2023
Report Format: PDF

Download Free Sample

Cloud Data Center Market Size

Cloud Data Center Market size was valued at more than USD 20 billion in 2022 and is estimated to grow at over 10% CAGR from 2022 to 2032 attributed to rapid digitalization across various industries.

To get key market trends

Download Free Sample

The accelerating use of cloud services owing to the emergence of technology as a core element has transformed the way organizations operate. Several industry participants are migrating data to the cloud to simplify data monitoring, optimize processes, meet consumer compliance demand, and expand a company's digital presence, which is contributing to cloud data center market growth. Furthermore, in addition to the ongoing efforts for data localization at the legislative level and increasing e-commerce and digital payments, along with extensive Big Data implementation and AI penetration, is anticipated to raise the demand for cloud data centers between 2023 and 2032.

Cloud Data Center Market Report Attributes
Report Attribute	Details
Base Year:	2022
Cloud Data Center Market Size in 2022:	USD 20 billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	10%
2032 Value Projection:	USD 70 billion
Historical Data for:	2018 to 2022
No. of Pages:	260
Tables, Charts & Figures:	344
Segments covered:	Service, Deployment Model, Organization Size, End-Use, and Region
Growth Drivers:	Increased adoption of cloud-based services Rising digitalization in various industries Growth of e-commerce and online services Government initiatives for cloud computing Increasing data storage and processing requirements
Pitfalls & Challenges:	Complexity of cloud infrastructure Data privacy and security

Learn more about the key segments shaping this market

Download Free Sample

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Market size for cloud data center was worth over USD 20 billion in 2022 and is projected to record lucrative growth at more than 10% CAGR through 2032 driven by rapid digitalization across various industries.

The software-as-a-service (SaaS) segment is likely to witness more than 10% CAGR from 2023 to 2032 attributed to the benefits of cost reduction due to the elimination of hardware costs and time needed configuring resources.

North America cloud data center size is expected to surpass USD 30 billion in revenue by the end of 2032, owing to the rising investment in the development of data centers across the region.

Microsoft Azure, Amazon Web Services, Alibaba Cloud, IBM Cloud, and Google Cloud Platform are some of the major corporations engaged in the cloud data centers business.