Technology

Data Center Market to Grow by USD 535.6 Billion from 2025-2029, Driven by Multi-Cloud Adoption and Network Upgrades, AI Redefining Market Landscape – Technavio

Published

1 year ago

February 10, 2025

NEW YORK, Feb. 10, 2025 /PRNewswire/ — Report with market evolution powered by AI – 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..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

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.

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

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.

Discover how AI is revolutionizing market trends- Get your access now!

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.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

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

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/

View original content to download multimedia:https://www.prnewswire.com/news-releases/data-center-market-to-grow-by-usd-535-6-billion-from-2025-2029–driven-by-multi-cloud-adoption-and-network-upgrades-ai-redefining-market-landscape—technavio-302371945.html

SOURCE Technavio

Technology

VYLIT OPENS ITS CREATOR ADVISORY BOARD, GIVING CREATORS EQUITY IN THE PLATFORM

Published

42 minutes ago

July 23, 2026

Reality star & chef Dom DeAngelis, model & creator Cydney Moreau, and creator-entrepreneur Crystal Jackson named as founding members, with applications now open for creators who want a voice in how the platform is shaped

MIAMI, July 23, 2026 /PRNewswire/ — Vylit, the 18+ creator-first social platform co-founded by Ami Gan, former CEO of OnlyFans, and seasoned entrepreneur Kailey Magder, is opening applications for its Creator Advisory Board, which will include a select group of creators that will have a strong voice in shaping the platform they use and earn on.

Vylit is inviting creators not just to join the platform, but to help build it, with real shares in the company reserved for those who contribute to its growth, culture and direction. The Creator Advisory Board will give creators a direct voice in building Vylit’s community, the platform’s development and creator tools, along with ownership in the business they’re helping grow.

Applications are now open. Creators can apply by emailing vylit@vylitworld.com with their name, bio and social handles.

Vylit is launching the board with three founding members who show the range of creators it’s built for.

Dominic DeAngelis, known from YouTube and Vanderpump Villa, where his culinary skills earned recognition from viewers around the world, has been using the platform to share behind-the-scenes and day-in-the-life content with his subscribers — the kind of direct, monetized relationship with fans that Vylit is designed around.

“Social media sucks right now. The algorithms are negative, you don’t even see the people you follow anymore, and creators are struggling to find real connections with their fans,” said DeAngelis. “I’m thrilled to be part of a platform that’s doing it differently. Vylit is actually listening to creators and building with us, not just for us.”

Cydney Moreau, a Louisiana-born former track athlete turned model and creator with a following across fitness, fashion and lifestyle, balances her work with life as a mom. Vylit is where she’s turning that following into a business for the first time, on her own terms.

“As someone who is monetizing my content for the first time, knowing that I will have a say in how the platform treats other creators means everything,” said Moreau. “It’s not every day a platform actually wants creators in the room while they’re building it. Knowing Vylit is making decisions with our interests at heart gives me the confidence to build here, and I’m excited to help shape where this goes.”

Crystal Jackson, known to millions of followers as Mrs. Poindexter, is the co-founder of EssentL, a company building business infrastructure and benefits for creators. A former engineer turned multi-platform creator and entrepreneur, she brings an operator’s understanding of what creators actually need from the platforms they build on.

“I’ve spent years building an audience and a business across platforms that weren’t built for today’s creator ecosystem,” said Jackson. “What drew me to Vylit is that they’re handing creators actual ownership and a real say in the decisions that affect us. That’s not something I’ve seen anyone else do, and I want to help build it right.”

Since launching, Vylit has positioned itself as the “HBO of social media,” a space between traditional social media and adult subscription platforms, where creators can be expressive, marketable and in control. The Creator Advisory Board takes that further. Rather than building the platform for creators and handing it over, Vylit is building it with them, giving them direct ownership and a say in its direction.

“The users driving value should have a say in the business,” said Ami Gan, Co-Founder and CEO of Vylit. “Creators understand culture and digital monetization better than anyone. At Vylit, that expertise earns them a real seat at the table.”

“We didn’t want to build another platform where creators show up after the fact,” added Kailey Magder, Co-Founder and COO of Vylit. “We want them involved from day one, shaping the product, the community and the direction of the business.”

Vylit truly puts creators in charge, giving them real ownership and a direct say in how the platform evolves. The Creator Advisory Board is just the start.

To learn more, visit https://vylitworld.com/

To access the media kit, click here.

ABOUT VYLIT
Vylit is an 18+ creator-first social platform redefining how adults share, discover and monetize content. Co-founded by Amrapali (Ami) Gan and Kailey Magder, Vylit was created to fill the gap between traditional social media and creator platforms, offering a premium digital experience for expression. Built as “the HBO of social media,” the platform allows topless content while prohibiting explicit material, giving creators greater freedom. Vylit combines social connectivity with built-in monetization, interest-based discovery through its Vybe Matching Engine, and in-house AI Image Generation and Chat tools designed for its users. Learn more at www.vylitworld.com.

FOR PRESS INQUIRIES
pr@vylitworld.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/vylit-opens-its-creator-advisory-board-giving-creators-equity-in-the-platform-302833733.html

SOURCE Vylit World

Technology

CNBC Names PayJoy one of the World’s Top FinTech Companies of 2026

Published

42 minutes ago

July 23, 2026

Recognition highlights PayJoy’s leadership in emerging market consumer finance

SAN FRANCISCO, July 23, 2026 /PRNewswire/ — CNBC and Statista have named PayJoy to the “World’s Top Fintech Companies 2026,” which honors companies providing digital funding and bank-independent lending solutions for individuals and businesses. PayJoy is a leading financial services provider for underserved consumers across emerging markets.

Now in its fourth edition, the ranking identifies 500 leading companies across eight fintech market segments worldwide, including Payments, Neobanking, Wealth Technology, Digital Assets, Enterprise Fintech, Insurtech, Regtech, and Alternative Financing. Companies were evaluated using an aggregated scoring model built on both general and segment-specific KPIs, drawing on desk research from publicly available sources alongside company self-reports submitted through an open application process.

PayJoy’s inclusion reflects its work bringing credit access to the emerging middle class in Mexico, Colombia, Brazil, Panama, Peru, Ecuador, South Africa, the Philippines, and Indonesia, nine countries where traditional financial infrastructure has long excluded first-time borrowers.

“This recognition from CNBC and Statista is a meaningful validation of the work our team does every day,” said Doug Ricket, PayJoy CEO and Co-Founder. “Millions of people across the markets we serve are building credit for the first time through PayJoy. Being named among the world’s top fintech companies reflects the scale and impact of that work.”

For more information on the full ranking, visit https://www.cnbc.com/worlds-top-fintech-companies-2026/

About PayJoy
PayJoy expands credit access across emerging markets through point-of-sale financing and card offerings. Its proprietary secured-credit technology enables first-time borrowers to responsibly build financial stability and participate fully in the modern economy. Through its cutting-edge machine learning, data science, and anti-fraud AI, PayJoy has financed over $3.5 billion of loans to more than 20 million people and employs over 1,000 people worldwide. For more information, visit https://www.payjoy.com/

Contact
payjoy@thekeypr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/cnbc-names-payjoy-one-of-the-worlds-top-fintech-companies-of-2026-302833730.html

SOURCE PayJoy

Technology

Youngstown Innovation Hub Breaks Ground at YBI’s 107 Building

Published

42 minutes ago

July 23, 2026

YOUNGSTOWN, Ohio, July 23, 2026 /PRNewswire/ — As the United States works to strengthen its aerospace and defense manufacturing base, the Youngstown Innovation Hub for Aerospace & Defense broke ground today on YBI‘s 107 Building in downtown Youngstown, positioning the region as a national proving ground for advanced and additive manufacturing. The Hub is managed by the National Center for Defense Manufacturing and Machining (NCDMM).

Youngstown Innovation Hub for Aerospace & Defense breaks ground at YBI’s 107 Building.

The Hub is one of four Innovation Hubs established across Ohio as part of a statewide initiative to strengthen innovation-driven economic growth. Once complete, it is projected to generate approximately $161.6 million in economic impact, create 450 new jobs, and produce 185 new STEM credential opportunities and 40 internship opportunities by 2029.

The groundbreaking comes as Ohio was recently ranked the No. 1 state for business in America by CNBC’s 2026 America’s Top States for Business rankings, up from No. 5 in 2025.

Ohio Lt. Governor Jim Tressel attended and delivered remarks at the ceremony.

“Today is about more than renovating a building. It’s about building opportunity for Ohioans,” said Lt. Governor Tressel. “The Mahoning Valley has always been defined by the people who make things, solve problems, and never stop working toward a better future. This Innovation Hub builds on that proud tradition while preparing the next generation for in-demand careers in manufacturing.”

Hub and YBI leadership also spoke at the ceremony.

“Today’s groundbreaking of the Youngstown Innovation Hub represents much more than the start of a building renovation. It reflects what can happen when state, regional, industry, academic, and community partners come together around a shared vision for the future of manufacturing, aerospace and defense innovation,” said Megan Malara, Ph.D., director of the Youngstown Innovation Hub.

The renovation is made possible in part by a $750,000 state capital investment. Ohio State Sen. Al Cutrona and state Rep. Lauren McNally were credited with helping advance the funding request through the legislative process. YBI also recognized the broader Lake to River legislative delegation, including state Reps. Nick Santucci, Tex Fischer, Monica Robb Blasdel, Dave Thomas, and Sarah Fowler Arthur, for their support, as well as U.S. Sens. Jon Husted and Bernie Moreno for their support of the project in the U.S. Senate.

Speakers at the ceremony included Ohio Lt. Gov. Jim Tressel; Lydia Mihalik, director of the Ohio Department of Development; Mary Mertz, director of the Ohio Department of Natural Resources; Julius Oliver, 1st Ward Councilman for the City of Youngstown; State Sen. Al Cutrona; State Rep. Nick Santucci; State Rep. Lauren McNally; and Megan Malara, Ph.D., director of the Youngstown Innovation Hub. Barb Ewing, CEO of YBI, served as master of ceremonies.

The City of Youngstown, which committed $1.35 million in local matching funds to the project, was represented at the ceremony. John Wilczynski, executive director of America Makes, attended, and Barb Ewing recognized Kimberly Gibson and Alexander Steeb of America Makes for their roles in advancing the project.

Upon completion, the five-story, 130,000-square-foot concrete-framed building will offer flexible space for offices, workspaces, and display areas, along with robust power capacity to support multiple high-demand tenants. The building’s security features, including limited access points and naturally separated manufacturing bays, are designed to meet U.S. Department of War contracting criteria, positioning tenants to compete directly for federal defense work.

“It’s great to finally be transitioning from talking about this project to actually working on it. We appreciate all the support we’ve had from our political leaders and the community. YBI is proud to be a part of the project team that’s changing the trajectory of the Mahoning Valley,” said Barb Ewing, CEO of YBI.

Companies looking to expand, relocate, or enter the aerospace and defense manufacturing sector are encouraged to visit the Youngstown Innovation Hub website at youngstownhub.us.

About the Youngstown Innovation Hub for Aerospace & Defense

Managed by the National Center for Defense Manufacturing and Machining (NCDMM), the Youngstown Innovation Hub is a national proving ground for advanced and additive manufacturing, strengthening U.S. aerospace and defense supply chains and workforce development. Learn more at youngstownhub.us.

About YBI

YBI is a globally recognized economic development nonprofit, advancing innovation and growth across Ohio and beyond. Through a flexible suite of high-quality entrepreneurial services and resources, YBI supports startups, small businesses, and manufacturers at every stage of development. For more information, visit ybi.org.

Media Contact:
Jessica Sprowl, Marketing and Communications Director, YBI
jsprowl@ybi.org

View original content to download multimedia:https://www.prnewswire.com/news-releases/youngstown-innovation-hub-breaks-ground-at-ybis-107-building-302833734.html

SOURCE YBI