Data Center

Revenue in the Data Center market is projected to reach US$152.40m in 2024.
Network Infrastructure dominates the market with a projected market volume of US$93.22m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.99%, resulting in a market volume of US$203.80m by 2029.
In global comparison, most revenue will be generated United States (US$123.20bn in 2024).

Definition:

The Data Center market is a critical segment of the technology industry focusing on supplying and managing physical infrastructure necessary for hosting and operating IT systems, primarily servers, storage, and network equipment. This market spans from traditional in-house data centers to sophisticated facilities offered by specialized providers, covering services like hosting, shared data center facilities, and managed data center solutions. It targets a diverse client base, ranging from small businesses to large enterprises, offering flexible, scalable solutions for their IT infrastructure needs. This sector is integral to the efficient functioning and security of IT operations in various organizations.

Structure:

The Data Center market is structured in three markets based on the services model provided by the companies.

The Server market covers the resources and services related to servers, integral for hosting websites, managing databases, and supporting cloud computing.
The Storage market covers the resources and services related to data storage systems, crucial for archiving, data backup, and ensuring data recovery.
The Network Infrastructure market covers the resources and services related to network hardware essential for ensuring connectivity, data transmission, and network security.

Additional Information:

The Data Center market includes revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Market values represent revenues paid to primary vendors at the manufacturer price level either directly or through distribution channels (excluding VAT). Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in the Data Center market include companies such as Dell, HPE, Huawei, and Ericsson.

For more information on the data displayed, use the info button right next to the boxes.

Network Infrastructure, such as Cisco Routers and Switches, and Arista Network Ethernet Switches
Infrastructure Firewalls, such as Palo Alto Network Next-Generation Firewall, and Fortinet FortiGate Firewalls
Servers, such as Dell PowerEdge Servers, HPE ProLiant Servers, and IBM Power Systems
Storage, such as Dell EMC Storage Solutions, and NetApp Data Storage Systems

IT Infrastructure for Private Environments, such as VMware vSphere, and Cisco UCS
Software, such as Microsoft Windows Server, and Red Hat Enterprise Linux
Cloud Hosting Services, such as AWS, Microsoft Azure, and GCP
Network Infrastructure Services, such as IT Support Services, and Home Internet Services Providers (ISPs)

The data center market in Guatemala is seeing slow growth due to factors such as limited adoption of digital technologies, lower health awareness among consumers, and a lack of convenience in online services. This is reflected in the minimal growth rate of the overall market, with sub-markets for servers, storage, and network infrastructure also being impacted.

Customer preferences: ' As technology continues to advance and businesses become more reliant on digital solutions, the demand for data centers in Guatemala is on the rise. This is driven by the increasing need for secure and reliable data storage and management, as well as the growing popularity of cloud computing. Additionally, with the emergence of remote work and virtual meetings, businesses are looking for data centers that can support their remote operations and ensure uninterrupted connectivity. This trend is expected to continue as more companies adopt flexible work arrangements and prioritize digital transformation.

Trends in the market: In Guatemala, the Data Center Market is experiencing a surge in demand for cloud services and colocation facilities, driven by the country's growing digital economy. This trend is expected to continue as more businesses adopt digital transformation initiatives and require reliable and secure data storage solutions. Additionally, there is a rising interest in green data centers, with companies investing in sustainable infrastructure to reduce their carbon footprint. These trends highlight the importance of investing in advanced data center technologies and services to meet the evolving needs of industry stakeholders and maintain competitiveness in the market.

Local special circumstances: In Guatemala, the Data Center Market is experiencing significant growth due to the country's strategic location and favorable business climate. The government's efforts to improve digital infrastructure and promote foreign investment have attracted major players in the market. Additionally, the country's young and tech-savvy population has created a high demand for data center services. However, challenges such as limited internet penetration and regulatory barriers still exist, shaping the market dynamics in unique ways.

Underlying macroeconomic factors: The Data Center Market in Guatemala is heavily impacted by macroeconomic factors such as technological advancements, government policies, and investments in digital infrastructure. Countries with favorable regulatory environments and strong investment in data center technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for cloud computing and the growing digital economy in Guatemala are driving the need for more advanced and efficient data centers. With the rise of e-commerce and digital services, data centers play a crucial role in supporting economic growth and driving innovation in the country.

Data coverage:

The data encompasses B2B enterprises. Figures are based on hardware-related expenses of businesses for setting up and maintaining an IT infrastructure.

Modeling approach / Market size:

Market sizes are determined through a top-down approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports and national statistical offices. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of digitization. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing and the S-curve function, is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Although data centers may not make front page news, they serve a critical role as the infrastructure powering the most exciting developments in tech. While data centers were once known as small rooms housed on-site by business users, they have increasingly become extensive, centralized facilities managed by multinational operators. Many organizations rent data center capacity from a so-called colocation provider such as Equinix or Digital Realty, while others subscribe to cloud subscription services to take care of their storage and compute requirements. The global market was forecast to bring in 344 billion U.S. dollars in 2024, propelled by the adoption data intensive technologies.