United States Continues to Dominate the World Data Center Market in 2023

By Aarti Dhapte , 28 November, 2023

The data center market is gaining a boost worldwide as computing and other data storage sources are rapidly growing. The United States and China have accounted for the largest revenue generators in the world data center market in 2023. The United States will be the biggest data center market worldwide in 2023.Data centers are responsible for keeping large volumes of data and essential information of the companies' day-to-day activities in high security. The primary factors driving the data center market are the reliability and security provided by the data center to the companies; specifically, IT (Information Technology) companies are getting maximum benefits. Sources reported that IT companies are anticipated to achieve USD 222 billion in revenue in the data center market for 2023. The data center market consists of companies spending on hardware while other sectors engage data centers for IT infrastructure management. According to the data, the United States built a revenue of USD 95.6 billion for 2023 in the data center market. The United States is placed in the first position for the statistical review done by the trusted source on the data center market survey. China is second on the list next to the United States for the data center market review in 2023 for earning the second-highest revenue in the data center market. China is estimated to generate USD 65.5 billion in 2023, far lower than the revenue generated by the United States in 2023. Still, China, among the Asian nations, continues to rival the United States for the data center market revenue of 2023. The United States and China are followed by Japan, Germany, and the United Kingdom in third, fourth, and fifth place, respectively, in 2023. Japan's estimated data center market revenue is USD 17.3 billion, while Germany and the United Kingdom's estimated revenue is USD 15.2 billion and USD 14.1 billion, respectively, in 2023. The revenue generated by China, Japan, Germany, and the United Kingdom together can overcome the revenue made by the United States in the data center market for 2023.Thus, the United States dominates the data center market considerably from other economies in 2023. Although China could place itself in second place, it is still farther from the revenue estimation of USD 95.6 billion by the United States in 2023. The data center market's demands are more in industries like technology, healthcare, and finance, among others; it will boost the high-security data management in the United States for 2023 as it generates more revenue for the same financial year.

Data Center Market Revenue In 2023