The data center market in 2024 is projected to reach US$4.2 billion.

The global data center infrastructure management (DCIM) market is projected to reach US$4.2 billion in 2024. The overall market value, encompassing components, infrastructure, services, software, and hardware, is estimated at US$584.9 billion.

The industry's projected average annual growth rate over the next 10 years (2025-2034) is 22.6%.

Global Market Insight estimates the data center (DCIM) market potential to reach US$33.4 billion by 2034. Key drivers for this growth include increased efficiency, the massive acquisition of cloud computing technologies, and the exponential growth of internet traffic.

The main sector driving this market is the increasing provision of services and solutions. The solutions segment encompasses the software and hardware used to manage data center infrastructure.

This segment is estimated to account for 70% of the total market potential, projected to reach US$25 billion by 2034.

The remaining data center market potential comes from the services segment, which includes various support services such as consulting, installation, and maintenance.

The widespread adoption of increasingly complex technologies in daily life is anticipated. The use of various devices and the rapid adoption of IoT are also contributing to the advancement of existing data center infrastructure.