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As rapid digitization drives ever increasing data traffic, the data center has become a critical piece of digital infrastructure. The rise of cloud computing has also prompted a shift in scale, with small, on-premises server rooms giving way to colossal, out of town facilities known as hyperscale data centers. The United States has become firmly established as a global leader in this rapidly evolving sector, boasting several key regional hyperscale hubs. It is these regional powerhouses that drove https://www.statista.com/statistics/1370199/leading-data-center-markets-globally/ in 2023, with this figure set to surpass 120 billion U.S. dollars by 2028.
Northern Virginia dominates the market
Several regions across the U.S. have established themselves as key data center hubs, with Silicon Valley, Chicago, and the Dallas/Ft. Worth area each offering total data center capacity of over 400 megawatts as of the second half of 2023. However, none come close to Northern Virginia, which dominates the U.S. data center market. The Northern Virginia region boasted an inventory of almost 2,500 megawatts as of the second half of 2023, while data center vacancy in the region sat at less than one percent, the lowest of any U.S. market. Despite this, the region faces difficulties with the pressure placed on local infrastructure. This could cause significant delays to the 1,540 megawatts currently under construction in the region.
U.S. operators among top REITs
Major U.S. colocation data center operators such as Equinix and Digital Realty have found financial success by renting space at large data center facilities across the globe. This has seen them consistently rank among the United States’ largest Real Estate Investment Trusts (REITs), with Equinix’s market cap sitting at over 68 billion U.S. dollars in November 2023. Meanwhile, a highly competitive market persists for the supply of data center equipment. Dell EMC has established itself as the leading manufacturer in the supply of server and storage equipment across the U.S. and Europe, while Cisco is the dominant manufacturer of networking equipment.
Efficiency and sustainability pressures loom
Global supply issues saw the average monthly rental rate at U.S. data centers increase sharply in 2022 and 2023. The average price in 2023 sat at around 163 U.S. dollars per kilowatt, up from approximately 120 U.S. dollars two years prior. This has led many organizations to streamline their data strategy, with almost half of respondents to a 2023 survey naming data center consolidation as a key cost saving measure. Discussions around sustainability have also been at the forefront, with operators across the globe struggling to increase efficiency amid increased scrutiny from clients and regulators. Although U.S. data center operators are not currently subject to the type of mandatory reporting begin introduced in the European Union, the prospect of future legislation will keep sustainability high on the agenda moving forward.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Petroc Taylor Research expert covering global developments in the use of data
Key insights
- Data center revenue in the U.S.
- 99.16bn USD
Detailed statistics
Revenue of leading data center markets worldwide 2018-2029
- Average U.S. data center rental rate
- 174.06 USD per kilowatt
Detailed statistics
Data center average rental rate in the U.S. 2013-2024
- Public cloud revenue in the U.S.
- 388.46bn USD
Detailed statistics
Revenue of the public cloud industry in the U.S. 2020-2029
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Overview: Worldwide
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- Premium Statistic Revenue in the Data Center market Worldwide 2018-2029
- Premium Statistic Revenue of leading data center markets worldwide 2018-2029
- Basic Statistic Leading countries by number of data centers 2024
- Premium Statistic Global data center markets ranked by cost of construction per watt 2023
- Premium Statistic Global cloud hyperscale revenue 2022, by region
Overview: Worldwide
- Premium Statistic Revenue in the Data Center market Worldwide 2018-2029
Revenue in the Data Center market Worldwide 2018-2029
Revenue in the Data Center market for different segments Worldwide from 2018 to 2029 (in billion U.S. dollars)
- Premium Statistic Revenue of leading data center markets worldwide 2018-2029
Revenue of leading data center markets worldwide 2018-2029
Revenue of leading data center markets worldwide from 2018 to 2029 (in billion U.S. dollars)
- Basic Statistic Leading countries by number of data centers 2024
Leading countries by number of data centers 2024
Leading countries by number of data centers as of March 2024
- Premium Statistic Global data center markets ranked by cost of construction per watt 2023
Global data center markets ranked by cost of construction per watt 2023
Data center markets worldwide ranked by cost of data center construction in 2023 (in U.S. dollars per watt)
- Premium Statistic Global cloud hyperscale revenue 2022, by region
Global cloud hyperscale revenue 2022, by region
Cloud hyperscale revenue worldwide in 2022, by region (in billion U.S. dollars)
Overview: U.S.
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- Premium Statistic Data center revenue in the United States 2018-2029, by segment
- Premium Statistic Data center revenue change in the United States 2019-2029, by segment
- Premium Statistic Data center spend per employee in the United States 2018-2029, by segment
- Premium Statistic Revenue of the public cloud industry in the U.S. 2020-2029
- Premium Statistic Cloud environment composition at U.S. and European organizations 2023
Overview: U.S.
- Premium Statistic Data center revenue in the United States 2018-2029, by segment
Data center revenue in the United States 2018-2029, by segment
Data center revenue in the United States from 2018 to 2029, by segment (in billion U.S. dollars)
- Premium Statistic Data center revenue change in the United States 2019-2029, by segment
Data center revenue change in the United States 2019-2029, by segment
Data center revenue change in the United States from 2019 to 2029, by segment
- Premium Statistic Data center spend per employee in the United States 2018-2029, by segment
Data center spend per employee in the United States 2018-2029, by segment
Average data center spend per employee in the United States from 2018 to 2029, by segment (in U.S. dollars)
- Premium Statistic Revenue of the public cloud industry in the U.S. 2020-2029
Revenue of the public cloud industry in the U.S. 2020-2029
Revenue of the public cloud market in the United States from 2020 to 2029 (in billion U.S. dollars)
- Premium Statistic Cloud environment composition at U.S. and European organizations 2023
Cloud environment composition at U.S. and European organizations 2023
Cloud environment composition at IT organizations in the United States and Europe in 2023
Markets
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- Premium Statistic U.S. Data center inventory 2021-2024, by primary market
- Premium Statistic U.S. Data center inventory growth 2020-2024, by primary market
- Premium Statistic North America: Data center vacancy H2 2023, by market
- Premium Statistic North America: Data center capacity under construction H2 2023, by market
Markets
- Premium Statistic U.S. Data center inventory 2021-2024, by primary market
U.S. Data center inventory 2021-2024, by primary market
Total inventory in primary data center markets in the United States in second half 2021 and first half 2024 (in megawatts)
- Premium Statistic U.S. Data center inventory growth 2020-2024, by primary market
U.S. Data center inventory growth 2020-2024, by primary market
Total inventory growth among primary data center markets in the United States from 2020 to first half 2024
- Premium Statistic North America: Data center vacancy H2 2023, by market
North America: Data center vacancy H2 2023, by market
Data center vacancy in North America in the 2nd half 2023, by market
- Premium Statistic North America: Data center capacity under construction H2 2023, by market
North America: Data center capacity under construction H2 2023, by market
Data center capacity under construction in North America in the 2nd half 2023, by market (in megawatts)
Pricing & sustainability
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- Basic Statistic Data center average annual power usage effectiveness (PUE) worldwide 2007-2023
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- Premium Statistic IT infrastructure cost-saving measures in the U.S. and Europe 2023
Pricing & sustainability
- Basic Statistic Data center average annual power usage effectiveness (PUE) worldwide 2007-2023
Data center average annual power usage effectiveness (PUE) worldwide 2007-2023
What is the average annual power usage effectiveness (PUE) for your largest data center?
- Premium Statistic Data center average rental rate in the U.S. 2013-2024
Data center average rental rate in the U.S. 2013-2024
Average monthly rental rate at data centers in primary United States markets from 2013 to 2024 (in U.S. dollars per kilowatt)
- Premium Statistic Y-o-y change in average data center rents in the U.S. 2014-2023
Y-o-y change in average data center rents in the U.S. 2014-2023
Year-on-year change in monthly data center average rent in the United States from 2014 to 2023
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IT infrastructure cost-saving measures in the U.S. and Europe 2023
Leading IT infrastructure cost-saving measures to be initiated by organizations in the United States and Europe in 2023
Companies
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- Premium Statistic Data center servers used in the U.S. and Europe 2023, by manufacturer
- Premium Statistic Data center storage equipment used in the U.S. and Europe 2023, by manufacturer
- Premium Statistic Data center network equipment used in the U.S. and Europe 2023, by manufacturer
- Premium Statistic Total return of the 50 largest REITs in the U.S. 2023
- Premium Statistic Largest deals for data center site sales in the U.S. 2023
- Premium Statistic Number of Equinix IBX data centers worldwide 2016-2023, by region
- Premium Statistic Number of Digital Realty data center buildings worldwide 2021-2023, by region
Companies
- Premium Statistic Data center servers used in the U.S. and Europe 2023, by manufacturer
Data center servers used in the U.S. and Europe 2023, by manufacturer
Data center server equipment used by organizations in the United States and Europe in 2023, by manufacturer
- Premium Statistic Data center storage equipment used in the U.S. and Europe 2023, by manufacturer
Data center storage equipment used in the U.S. and Europe 2023, by manufacturer
Data center storage equipment used by organizations in the United States and Europe in 2023, by manufacturer
- Premium Statistic Data center network equipment used in the U.S. and Europe 2023, by manufacturer
Data center network equipment used in the U.S. and Europe 2023, by manufacturer
Data center network equipment used by organizations in the United States and Europe in 2023, by manufacturer
- Premium Statistic Total return of the 50 largest REITs in the U.S. 2023
Total return of the 50 largest REITs in the U.S. 2023
Total return of the 50 largest real estate investment trusts (REITs) in the United States as of November 2023
- Premium Statistic Largest deals for data center site sales in the U.S. 2023
Largest deals for data center site sales in the U.S. 2023
Largest data center site sale deals in the United States in 2023
- Premium Statistic Number of Equinix IBX data centers worldwide 2016-2023, by region
Number of Equinix IBX data centers worldwide 2016-2023, by region
Number of Equinix International Business Exchange (IBX) data centers worldwide from 2016 to 2023, by region
- Premium Statistic Number of Digital Realty data center buildings worldwide 2021-2023, by region
Number of Digital Realty data center buildings worldwide 2021-2023, by region
Digital Realty's global data center building portfolio from 2021 to 2023, by region
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