The Global Data Center and Cloud Services Market Growth, Top Players and Trends
The Global Data Center and Cloud Services Market is rapidly emerging as the foundational layer of the digital economy. With a market size of approximately USD 200 Bn in 2021 , it is forecasted to reach USD 450 Bn by 2027 , according to Ken Research . This dramatic rise is propelled by enterprise digital transformation, government incentives, cloud-native operations, and the exponential increase in data consumption. Data Center and Cloud Services Market Growth Growth Drivers in Data Center and Cloud Services Market The market is being fueled by multiple macroeconomic and technological drivers: Surge in digital services post-pandemic across BFSI, healthcare, retail, and education. Government initiatives offering tax incentives and infrastructure subsidies across countries like India, Indonesia, and the UAE. Massive investments , such as the $800 Mn data center development by Kotak Alternate Assets in India and Digital Realty’s new facility in Japan. Young, tech...