2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Major Innovations Are Driving the Accelerated Growth of the Data Center Renovation Market?

The surge in online service utilization is projected to fuel the data center renovation market’s expansion. The amplified use of online services for transactions, shopping, travel, entertainment, and healthcare applications is anticipated to escalate data traffic across various sectors. This is likely to inspire leading names in the data center renovation market to update their backend IT infrastructure to keep pace with ongoing market trends. For instance, the International Telecommunication Union, a Switzerland-based UN agency for information and communication technologies, indicated in September 2023 that 67% of global population, or 5.4 billion individuals, were active internet users. This represented an increase from 5.3 billion internet users or 66% of the global population in 2022. Consequently, the upsurge in online service use is a primary contributor to the growth of the data center renovation market.

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#What is the Anticipated CAGR of theData Center Renovation Market, and What Factors Will Drive It?

Over recent years, there has been a remarkable exponential growth in the size of the data center renovation market. It’s expected to expand from $29.48 billion in 2024 to about $36 billion come 2025; this represents a compound annual growth rate (CAGR) of 22.1%. The primary contributors to this growth during the historical period include modernizing outdated infrastructure, rising data storage needs, and concerns for energy efficiency, security, and compliance enhancements.

Expectations are high for a substantial expansion in the data center renovation market size in the coming years, with an estimated value of $96.97 billion by 2029, and a compound annual growth rate (CAGR) of 28.1%. This significant growth in the forecast period can be credited to aspects like the integration of edge computing, implementation of 5G, adoption of sustainable and green computing practices, as well as resilience and disaster recovery measures. The forecast period is also likely to witness trends such as technological advancements, green initiatives, modular and scalable designs, along with advanced cooling technologies.

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What Are the Most Significant Market Trends Transforming theData Center Renovation Market?

Prominent companies involved in the data center renovation market are introducing vertical data center designs to enhance their market profitability. A vertical data center, in the context of data center renovation, is an architectural design maximizing the efficient utilization of vertical space within a data center facility. For example, in May 2023, Scala Data Centers, a data center provider based in Brazil, launched the 6MW IT SGRUTB05 data center, the second biggest vertical facility in Latin America. The SGRUTB05, a towering structure of 35.5 meters spread over five floors and a built-up area of 6,700 sqm, houses around 400 racks in three floors dedicated to high-density data halls with a total near power of 9MW. Using the One Scala Template methodology, a Centre of Excellence (CoE) team of over 200 experts, Scala was able to make the design, project, construction, and commissioning processes more efficient, effectively catering to Hyperscale market needs. Moreover, SGRUTB05 only operates on renewable energy and boasts a PUE below 1.4, zero WUE, adhering to the standards set by LEED and ANSI/TIA-942-B for eco-friendly data centers.

What Are the Top Market Players Propelling the Growth of theData Center Renovation Industry?

Major companies operating in the data center renovation market include Equinix, Digital Realty, Schneider Electric, Vertiv, NTT Communications, Eaton Corporation, Hewlett Packard Enterprise, Cisco Systems, Fujitsu, IBM Corporation, ABB Ltd., Siemens AG, Amazon Web Services (AWS), Google Cloud, Microsoft Azure, Iron Mountain, CyrusOne, QTS Realty Trust, DataBank, Flexential, STACK Infrastructure, CoreSite Realty, Aligned Data Centers, CloudHQ, Switch, RagingWire Data Centers, Evoque Data Center Solutions, Compass Datacenters, T5 Data Centers, Cologix

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Which Primary Segments of the Data Center Renovation Market Are Driving Growth and Industry Transformations?

The data center renovation market covered in this report is segmented –

1) By Product: Cooling, Power, IT Racks And Enclosures, Networking Equipment, DCIM, Other Products

2) By Organization Size: Small Size Organization, Medium Size Organization, Large Size Organization

3) By Application: BFSI, IT And Telecom, Manufacturing, Government, Healthcare, Other Applications

Subsegments:

1) By Cooling: Air Conditioning Units (CRAC Or CRAH), Liquid Cooling Systems, In-Row Cooling, Free Cooling (Economizer), Hot Aisle Or Cold Aisle Containment Systems

2) By Power: Uninterruptible Power Supply (UPS) Systems, Backup Generators, Power Distribution Units (PDUs), Batteries and Energy Storage Solutions, Power Management Systems

3) By IT Racks And Enclosures: Server Racks, Rack Cabinets, Modular Racking Systems, Custom IT Enclosures

4) By Networking Equipment: Routers And Switches, Fiber Optic Cables And Connectors, Network Interface Cards (NICs), Firewalls And Load Balancers

5) By DCIM (Data Center Infrastructure Management): Monitoring And Management Software, Environmental Monitoring Tools (Temperature, Humidity Sensors), Asset Tracking And Management Systems, Energy Management Solutions

6) By Other Products: Fire Suppression Systems, Security Systems (Access Control, Surveillance), Cable Management Solutions, Environmental Sensors (Water, Smoke Detection), Physical Security Barriers

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Which Regions Are Key Players in the Growth of the #What Major Innovations Are Driving the Accelerated Growth of the Data Center Renovation Market?# Market?

South America was the largest region in the data center renovation market in 2024. North America was the second largest region of the data center renovation market. The regions covered in the data center renovation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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