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Data Center Market to Grow by USD 535.6 Billion by 2029, Boosted by Multi-Cloud Adoption and Network Upgrades, Report on How AI is Driving Market Transformation – Technavio

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NEW YORK, Feb. 5, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global data center market size is estimated to grow by USD 535.6 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  15.6%  during the forecast period. Rise in adoption of multi-cloud and network upgrades is driving market growth, with a trend towards implementation of ai in data centers  However, cybersecurity issues  poses a challenge. Key market players include 365 Data Centers, Amazon.com Inc., Apple Inc., China Telecom Corp. Ltd., Cisco Systems Inc., CyrusOne LLC, Cyxtera Technologies Inc., Digital Realty Trust Inc., Equinix Inc., Google LLC, Hewlett Packard Enterprise Co., Intel Corp., International Business Machines Corp., KDDI Corp., Microsoft Corp., Nippon Telegraph and Telephone Corp., Oracle Corp., Salesforce Inc., SAP SE, and Verizon Communications Inc..

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Data Center Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 15.6%

Market growth 2025-2029

USD 535.6 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

13.2

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 35%

Key countries

US, China, UK, Canada, Japan, Germany, India, France, Italy, and Brazil

Key companies profiled

365 Data Centers, Amazon.com Inc., Apple Inc., China Telecom Corp. Ltd., Cisco Systems Inc., CyrusOne LLC, Cyxtera Technologies Inc., Digital Realty Trust Inc., Equinix Inc., Google LLC, Hewlett Packard Enterprise Co., Intel Corp., International Business Machines Corp., KDDI Corp., Microsoft Corp., Nippon Telegraph and Telephone Corp., Oracle Corp., Salesforce Inc., SAP SE, and Verizon Communications Inc.

Market Driver

Data Centers are at the heart of the digital economy, powering IT infrastructure for businesses, individuals, and government organizations. Trends like Artificial Intelligence, Machine Learning, IoT, and Cloud Computing are driving the need for more data processing power and real-time data analysis. Green Data Centers are becoming essential as businesses seek to reduce their carbon footprint and save costs. The Department of Energy and Enterprise Engineering Solutions are leading the charge towards energy-efficient and sustainable data center designs. Cloud computing and Edge Computing offer cost savings, scalability, and flexibility for businesses. Real-time data processing is crucial for industries like autonomous vehicles and smart cities. Decentralized Data Centers and local special circumstances are becoming more common due to data sovereignty regulations and macroeconomic factors. The digitalization of industries like online retail, e-commerce, and personalized data storage require massive data center workloads and application performance. Hardware-related expenses, data security, and backups are top concerns for customers. Internet bandwidth, managed hosting, and colocation are popular solutions for businesses seeking to optimize their IT infrastructure. Big data and data analytics are key drivers of growth, with hyper-scale platforms and colocation data centers leading the way. Business leaders must stay competitive by adapting to these trends and investing in the right data center solutions. Cloud technology, data center systems, and data security are critical areas of focus. The exponential trend of digitization, driven by the S-curve function and internet penetration, will continue to shape the data center market. 

Data centers are enhancing energy efficiency through the implementation of Artificial Intelligence (AI). AI technology optimizes server, power, and cooling system performance, enabling quicker decisions and improved efficiency. Data center service providers utilize AI in automation software to reduce human intervention and promote energy-efficient operations. AI also facilitates effective cooling control, adjusting cooling processes and maximizing power usage in data centers. By implementing AI, data centers aim to boost performance, minimize downtime, and reduce human errors. 

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 Market Challenges

•         Data Centers face numerous challenges in today’s digital world. Artificial Intelligence and Machine Learning require massive computing power, driving the need for advanced IT infrastructure. The Internet of Things (IoT) and Cloud Computing increase data volumes, demanding scalability and flexibility. Green Data Centers address energy efficiency concerns, while Department of Energy grants support innovation. Enterprise Engineering Solutions and Software Testing Help ensure system reliability. Businesses and individuals generate vast amounts of data, driving the need for cost savings and real-time processing. Digitalization, IoT devices, and autonomous vehicles create latency issues. Decentralized Data Centers address local special circumstances and data sovereignty regulations. Macroeconomic factors, such as exchange rates and business leaders’ decisions, impact data center investments. Cloud technology, data center systems, and colocation offer solutions for B2B enterprises, while hardware-related expenses and data security concerns persist. National statistical offices track the level of digitization, and trends show an exponential increase. Big data and data analytics require specialized regions and hyper-scale platforms. Managed hosting, colocation, and public cloud offer options for application performance, storage requirements, and mobile data use. Data security, backups, and Internet bandwidth remain critical concerns. Online retail, e-commerce, and personalized data storing and analyzing drive cloud data storage demand. Application performance, storage requirements, and lost data are key concerns. The digital economy, internet penetration, and mobile usage continue to grow, increasing the importance of data centers. Cloud technology, data center workloads, and application performance are essential for business success. Competitors in various industries rely on data centers for their digital transformation.

•         Enterprises heavily rely on data for generating revenue through trend analysis and informed decision-making. However, securing sensitive data, such as customer information, is a significant challenge. The increasing adoption of cloud services and IoT solutions heightens the risk of cyberattacks. Cybercriminals can exploit IT security vulnerabilities to gain unauthorized access to enterprise servers, potentially compromising valuable data and causing business disruption. This threat is particularly concerning for small enterprises, as a successful attack could lead to devastating consequences. It is crucial for businesses to prioritize data security measures to protect their digital assets and mitigate the risks associated with the evolving cyber threat landscape.

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Segment Overview 

This data center market report extensively covers market segmentation by  

ComponentIT InfrastructurePower ManagementMechanical ConstructionGeneral ConstructionSecurity SolutionsEnd-userBFSIEnergyITOthersGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And AfricaDesignTraditionalContainerizedModular

1.1 IT infrastructure-  The data center IT infrastructure market consists of server infrastructure, storage infrastructure, software-defined data centers (SDDC), network infrastructure, converged infrastructure, backup and recovery software, automation software, and data center infrastructure management (DCIM) solutions. The increasing demand for computing power and storage to support data traffic growth is driving the market. Enterprises are shifting from on-premises to cloud-based data centers, and hyperscale data centers (HDCs) are investing heavily, increasing the demand for servers, storage infrastructure, and other IT equipment. Server infrastructure processes data, runs applications, and stores data. Enterprises aim to shift investments from capital expenditure (CAPEX) to operational expenditure (OPEX) and consolidate, virtualize, and containerize computing needs. Rack servers are the most widely used due to their suitability for enterprises with fixed requirements. The server infrastructure segment is growing due to green, colocation, and HDC expansions and technology refresh cycles. Storage infrastructure includes direct-attached storage (DAS), network-attached storage (NAS), and storage area networks (SAN). The exponential growth in data drives the demand for storage infrastructure. Social media applications and IoT deployment are significant contributors to data volume growth. NVMe SSDs and high-speed networks like LTE and 5G are also driving the segment. SDDCs are virtualized data centers managed through software. They offer cost savings, efficiency, control, and flexibility. Software-defined computing, networking, and storage are SDDC components. The adoption of cloud solutions is driving the SDDC segment’s growth. Network infrastructure includes Ethernet switches, routers, application delivery controllers (ADCs), and SD-WAN appliances. Virtualization is a key factor driving the sale of data center Ethernet switches. High-capacity switches are needed to handle east-west and north-south traffic. Cloud service providers demand higher capacity switches. Converged infrastructure combines multiple IT components into a single integrated computing package. It reduces data center footprint, management complexity, and costs. Hyper-converged infrastructure (HCI) is gaining popularity due to its scalability and cost savings. Data center automation software enables centralized access to data center resources and automates routine tasks. It offers features like scheduling, monitoring, patching, updating, reporting, and compliance. Cloud-based data center automation software is driving adoption due to its low upfront cost. Data center backup and recovery software enables periodic backup and instantaneous recovery of data. Enterprises are adopting online backup solutions and cloud backup services due to the advantages associated with cloud storage. DCIM solutions facilitate data center administration with an overall integrated view for asset and capacity management, energy management, power and cooling, and network management. Enterprises, colocation providers, and hyperscalers focus on energy efficiency and green data centers, driving the DCIM solutions segment.

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Research Analysis

The Data Center market is experiencing significant growth due to the increasing demand for IT infrastructure to support Artificial Intelligence (AI) and Machine Learning (ML) applications, Internet of Things (IoT) devices, and the digitalization of businesses and individual lives. Cloud computing and edge computing are driving this trend, allowing for cost savings, scalability, and flexibility. Real-time data processing is crucial for online retail and e-commerce businesses, making data centers an essential component of their operations. Data center systems enable businesses to store, analyze, and manage their data center workloads efficiently. However, the risk of lost data and the need for speed and security are major concerns. Cloud technology continues to disrupt the traditional on-premises infrastructure, offering benefits such as cost savings, scalability, and real-time data processing. AI and ML are also being integrated into data center management to optimize performance and reduce energy consumption.

Market Research Overview

The Data Center market is experiencing significant growth as businesses and individuals increasingly rely on IT infrastructure for digitalization. Artificial Intelligence and Machine Learning are driving the demand for real-time data processing and analysis in Cloud computing and Edge computing. The Internet of Things (IoT) is generating massive amounts of data, requiring Decentralized Data Centers for local processing and storage. Green Data Centers are becoming essential to reduce energy consumption and costs. Macroeconomic factors, digital economy, and internet penetration are key drivers, with B2B enterprises and national statistical offices leading the way. Hardware-related expenses, data security, and data sovereignty regulations are major concerns. The market is showing an exponential trend, with the S-curve function indicating continued growth. Cost savings, scalability, and flexibility are key benefits. Applications include autonomous vehicles, smart cities, and e-commerce. Data center workloads require application performance, storage requirements, and mobile data use considerations. Data security, backups, and internet bandwidth are critical components. Managed hosting, colocation, and public cloud solutions are available for various business needs. Hyper scale platforms and colocation data centers are popular choices for big data and data analytics. Amazon Web Services and other cloud technology providers offer intelligent buildings and specialized regions to meet diverse customer needs.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentIT InfrastructurePower ManagementMechanical ConstructionGeneral ConstructionSecurity SolutionsEnd-userBFSIEnergyITOthersGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And AfricaDesignTraditionalContainerizedModular

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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ATTACK SHARK Unveils RS6 ULTRA, a Flagship Esports Mouse Featuring Its Proprietary Magnetic Hot-Swappable Battery Technology

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NEW YORK , July 21, 2026 /PRNewswire/ — Gaming peripheral brand ATTACK SHARK has announced the upcoming launch of the RS6 ULTRA, its most advanced wireless gaming mouse to date. Designed for competitive FPS players and the premium esports peripheral market, the new model combines a lightweight carbon fiber structure, flagship sensing technology, low-latency wireless performance, and a magnetic hot-swappable battery system.

The RS6 ULTRA’s magnetic hot-swappable battery system is designed to eliminate the compromises associated with conventional wireless gaming mice. Unlike integrated lithium battery designs that require wired charging and eventually suffer from battery aging, or conventional removable battery systems that depend on battery doors and latch mechanisms, the RS6 ULTRA features a proprietary magnetic alignment design with gold-plated contacts, enabling fast, tool-free battery replacement without disrupting wireless operation. Its dual-battery system further ensures uninterrupted gameplay by allowing one battery to power the mouse while the included 8K receiver simultaneously charges the spare, providing continuous wireless performance and a longer product lifecycle through easily replaceable batteries.

Another key feature is ATTACK SHARK’s patented adjustable sensor positioning system. Five mechanical adjustment positions allow players to customize sensor placement to suit hand size, grip style, and aiming preference. This personalized alignment is designed to support more consistent aiming and reduce tracking deviation during rapid movements.

The RS6 ULTRA is powered by a customized PixArt PAW3955MAX sensor and the latest Nordic nRF54L15 wireless MCU, delivering the performance demanded by today’s competitive FPS players. The sensor natively supports polling rates of up to 8,000Hz (8K), as well as 1-DPI incremental adjustment for precise sensitivity control. With up to 52,000 DPI, 850 IPS tracking speed, 75G acceleration, and five adjustable lift-off distance settings, it ensures exceptional tracking accuracy and responsiveness during rapid flick shots, precise target acquisition, and high-speed movement in fast-paced titles such as VALORANT, Counter-Strike 2, and Apex Legends.

Built on the Nordic nRF54L15 platform, the RS6 ULTRA delivers enhanced scanning performance, wireless stability, and power efficiency. At a 1,000Hz polling rate, it provides up to 800 hours of battery life, reducing charging interruptions during extended training and competition. The combination of stable wireless connectivity and long endurance allows players to stay focused on performance rather than power management.

Complementing the hardware, ATTACK SHARK’s proprietary wireless transmission technology delivers button latency of less than 0.168 milliseconds in 8K mode, helping ensure that every click is transmitted with exceptional speed and consistency. The shark fin-inspired 8K receiver features an extended antenna for improved signal strength, along with LED indicators for connection status, polling rate, and battery level. Together, these technologies make the RS6 ULTRA a wireless flagship solution for fast-paced competitive shooters, providing the responsiveness and reliability demanded by players of VALORANT, Counter-Strike 2, and Apex Legends.

The RS6 ULTRA features a carbon fiber hybrid injection-molded chassis with a ventilated hollow-shell design that balances low weight, structural strength, comfort, and heat dissipation during extended gaming sessions. A glass-like cooling surface treatment helps reduce discomfort caused by perspiration, while a CNC-machined metal scroll wheel and anodized components improve durability and wear resistance.

Built for serious FPS competitors and enthusiasts, the RS6 ULTRA delivers precision, responsiveness, customization, and endurance expected from a flagship esports mouse.

For more information, visit https://attackshark.com/ or connect with the brand on social media and Discord.

To place an order, visit ATTACK SHARK Amazon Store for the US, UK, Europe, AU, MX, SA and Japan.

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SOURCE ATTACK SHARK

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EnKash Introduces India’s First Meal Card with UPI Payments

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EnKash extends its UPI capabilities to meal card allowances, combining the convenience of UPI, the reach of RuPay, and tax-efficient employee benefits.

MUMBAI, India, July 22, 2026 /PRNewswire/ — EnKash, India’s leading business payments and spend management platform, today announced the launch of UPI-based payments on its Meal Card. With this addition, employees can make payments directly from their meal card balance by scanning eligible UPI QR codes at food and grocery merchants.

This makes EnKash the first provider in India to enable UPI payments directly from a meal benefit balance.

The new capability extends the UPI infrastructure that EnKash already offers across its Prepaid Payment Instrument portfolio. It brings the familiarity and convenience of UPI to structured meal benefits, allowing employees to use their meal allowance through a payment method that has become a part of everyday life in India.

The timing is also significant. Under the revised Income-tax reforms, eligible meal benefits of up to ₹200 per meal are available under both the old and new tax regimes, subject to prescribed conditions. Employees can receive up to ₹1,05,600 annually as a tax-free meal benefit. For HR teams, this makes meal benefits more inclusive, valuable and easier to offer across the workforce.

The solution combines:

UPI-based scan-and-pay convenienceLargest acceptance infrastructure of RuPayMerchant category-based spending controlsPhysical and virtual meal cardsReal-time transaction visibilityCentralised card issuance, loading and management for employers

Employers can issue cards, load meal balances, set spending controls and track transactions through a centralised platform. Merchant category controls help ensure that the meal balance is used only for eligible expenses.

“Employee benefits should be as seamless as everyday payments. By bringing UPI to meal benefits, we’re enabling employees to pay the way they already do while helping employers deliver a simpler and more digital-first experience,” said Priya Sharma, Head of Product at EnKash.

“This launch brings together the power of RuPay, the familiarity of UPI and the tax efficiency of meal benefits. It also reflects the strength of the payments stack EnKash has already built across its PPI products.”

The UPI-enabled Meal Card is supported by EnKash’s existing payments and prepaid infrastructure. The company already provides UPI-based payment capabilities across its prepaid products and also offers businesses a wider payments suite covering prepaid cards, employee benefits, expense management, petty cash, corporate payments, payment gateway, and rewards.

About EnKash

EnKash is India’s first full-stack payments and spend management platform, empowering 5,000+ businesses to automate payments, expenses, and employee benefits. Holding PA, PPI, and Bharat Connect (BBPOU) licenses, EnKash offers a unified financial orchestration suite backed by $23M in funding. By partnering with leading banks and networks like NPCI and Visa, EnKash delivers secure, scalable solutions that make enterprise financial operations faster, smarter, and fully compliant.

For media inquiries, email: marketing@enkash.com

 

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SunTec India Launches Proprietary eCommerce Price Monitoring Platform Delivering 99%+ Accuracy with Human-Verified Pricing Intelligence

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NEW DELHI, July 21, 2026 /PRNewswire/ — SunTec India today announced the launch of its proprietary, in-house-built eCommerce price monitoring platform, a purpose-built pricing intelligence solution that tracks competitor prices across multiple channels in real time and pairs automated data collection with human QA verification.

The platform supports pricing, sales, and marketplace teams by combining automated data collection, AI-powered product matching, anomaly detection, and analyst-led verification for quality assurance. It enables businesses to monitor competitor prices, promotional movements, Buy Box signals, and Minimum Advertised Price (MAP) violations across key marketplaces & retailer websites.

Unlike generic SaaS tools that hand back raw data for clients to clean and interpret, SunTec India controls its platform end-to-end, from data collection to matching rules, allowing continuous improvement based directly on client needs.

The platform’s core capabilities include:

Real-time, multi-channel monitoring across Amazon, eBay, Walmart, and other marketplaces, and custom URL tracking for any publicly accessible website.AI-powered product matching using EAN/GTIN identifiers for exact matches and ML models for comparable products, achieving 99%+ matching accuracy.MAP violation alerts delivered within agreed SLA windows, with violation logs formatted for legal, sales, and distributor review.Buy Box and dynamic repricing intelligence compatible with Repricer.com, Linnworks, ChannelAdvisor, and other major repricing platforms.Promotional and deal monitoring timed to peak events like Black Friday, Prime Day, and Q4, giving teams lead time to respond.

Built on a proprietary AI crawler, optimized for dynamic page rendering and anti-bot environments, the platform handles JavaScript-rendered pages and pricing overlays that defeat standard scrapers, while continuously learning from detection patterns to maintain collection reliability.

“Self-service tools give you a dashboard and leave the hard part to you,” said Mr. Ravi Kant, Vice President – eCommerce Division, SunTec India.

“What sets our platform apart is the human-in-the-loop layer. AI detects; our analysts verify. Every anomaly is reviewed by a QA analyst before it reaches the client. Our goal is to help clients identify pricing gaps, protect margins, track violations, and respond to competitor moves before they impact revenue,” he added.

About SunTec India

SunTec India is an IT and digital services company delivering technology-led, data-driven business solutions. Founded in 1999, the company has served 8,530+ clients across 50 countries, supported by 1,500+ full-time professionals and a 95%+ client retention rate. SunTec India combines human expertise with AI-enabled technologies to improve operational efficiency, strengthen competitiveness, and create long-term value for businesses worldwide.

Media Contact: 
Rohit
rohit@suntecindia.com  

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