Canada Data Center Market Investment Analysis Report 2024: Investments of $9.04 Billion by 2029, Growing at a CAGR of 10.26% during 2023-2029 - ResearchAndMarkets.com (2024)

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Published Mar 01, 20244 minute read

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DUBLIN — The “Canada Data Center Market – Investment Analysis & Growth Opportunities 2024-2029” report has been added to ResearchAndMarkets.com’s offering.

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The Canada data center market size will witness investments of USD 9.04 billion by 2029, growing at a CAGR of 10.26% from 2023-2029.

This report analyses the Canada data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments.

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Canada has around 117 operational colocation data centers. Most colocation data centers are being developed according to Tier III standards. The Canada data center market has the presence of some local and global operators such as Cologix, Equinix, Digital Realty, eStruxture Data Centers, Urbacon Data Centre Solutions, and Vantage Data Centers, among others.

In December 2023, AWS announced the launch of its new AWS Canada West (Calgary) Region, with three Availability Zones (AZs). The company plans to invest around USD 18 billion towards expanding Canada’s West and Central regions by 2037.

The increase in the adoption of cloud-based services in the country is growing the establishment of cloud regions by major cloud services providers such as Microsoft, Oracle, Google, Amazon Web Services, and Tencent Cloud. Increasing investments in prime locations such as Montreal and Toronto will increase land prices. Such factors may propel operators to shift their focus to emerging locations such as Calgary, Quebec City, and others during the forecast period.

The hyperscale self-built investment by Microsoft and AWS will likely increase the power capacity in the Canada data center market during the forecast period. The deployment of 5G networks will boost the region’s digital economy and lead to a higher demand for high-bandwidth networking infrastructure. The adoption of Software Defined Networking (SDN) is likely to increase owing to smart city initiatives carried out by government agencies.

WHY SHOULD YOU BUY THIS RESEARCH?

  • Market size available in the investment, area, power capacity, and Canada colocation market revenue.
  • An assessment of the data center investment in Canada by colocation, hyperscale, and enterprise operators.
  • Investments in the area (square feet) and power capacity (MW) across cities in the country.
  • A detailed study of the existing Canada data center market landscape, an in-depth industry analysis, and insightful predictions about market size during the forecast period.
  • Snapshot of existing and upcoming third-party data center facilities in Canada:
    • I. Facilities Covered (Existing): 117
    • II. Facilities Identified (Upcoming): 13
    • III. Coverage: 22 Cities
    • IV. Existing vs. Upcoming (Area)
    • V. Existing vs. Upcoming (IT Load Capacity)
  • Data Center Colocation Market in Canada:
    • I. Colocation Market Revenue & Forecast (2023-2029)
    • II. Wholesale vs. Retail Colocation Revenue (2023-2029)
    • III. Retail Colocation Pricing
    • IV. Wholesale Colocation Pricing
  • The Canada data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.
  • A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the market.
  • Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the market.
  • A transparent research methodology and the analysis of the demand and supply aspects of the market.

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KEY QUESTIONS ANSWERED

  • How big is the Canada data center market?
  • How many existing and upcoming data center facilities exist in Canada?
  • What is the growth rate of the Canada data center market?
  • How much MW of power capacity will be added across Canada during 2024-2029?
  • What factors are driving the Canada data center market?
  • Who are the key investors in the Canada data center market?

Key Attributes:

Report AttributeDetails
No. of Pages141
Forecast Period2023 – 2029
Estimated Market Value (USD) in 2023$5.03 Billion
Forecasted Market Value (USD) by 2029$9.04 Billion
Compound Annual Growth Rate10.2%
Regions CoveredCanada

VENDOR LANDSCAPE

IT Infrastructure Providers

  • Arista Networks
  • Atos
  • Broadcom
  • Cisco Systems
  • Dell Technologies
  • Hewlett Packard Enterprise
  • Huawei Technologies
  • IBM
  • Juniper Networks
  • Lenovo
  • NetApp
  • Oracle

Data Center Construction Contractors & Sub-Contractors

  • Arup
  • AECOM
  • Black & Veatch
  • Computer Room Services Corporation (CRSC)
  • DPR Construction
  • Ehvert
  • EllisDon
  • First Gulf
  • Karbon Engineering
  • PCL Construction
  • Salute Mission Critical
  • Turner Construction
  • Urbacon
  • WZMH Architects

Support Infrastructure Providers

  • ABB
  • Alfa Laval
  • Arctic Chiller Group
  • Caterpillar
  • Chatsworth Products
  • ClimateWorx
  • Cummins
  • CoolIT Systems
  • Dataprobe
  • Delta Electronics
  • Eaton
  • Generac Power Systems
  • Johnson Controls
  • KyotoCooling
  • Legrand
  • Mitsubishi Electric
  • Panduit
  • Piller Power Systems
  • Rittal
  • Rolls-Royce
  • Schneider Electric
  • STULZ
  • Siemens
  • Toshiba
  • Trane
  • Vertiv

Data Center Investors

  • Amazon Web Services (AWS)
  • Cologix
  • Compass Datacenters
  • Digital Realty
  • Equinix
  • eStruxture Data Centers
  • Google
  • Microsoft
  • OVHcloud
  • STACK Infrastructure
  • Urbacon Data Centre Solutions
  • Vantage Data Centers

New Entrants

  • Gatineau Data Hub (GDH)
  • Qscale
  • Telehouse

EXISTING VS. UPCOMING DATA CENTERS

Existing Facilities in the Region (Area and Power Capacity):

  • Montreal
  • Toronto
  • Other Cities

List of Upcoming Facilities in the region (Area and Power Capacity):

  • Montreal
  • Toronto
  • Other Cities

For more information about this report visit https://www.researchandmarkets.com/r/flkcy9

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Canada Data Center Market Investment Analysis Report 2024: Investments of $9.04 Billion by 2029, Growing at a CAGR of 10.26% during 2023-2029 - ResearchAndMarkets.com (5)

View source version on businesswire.com: https://www.businesswire.com/news/home/20240301958781/en/

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Canada Data Center Market Investment Analysis Report 2024: Investments of $9.04 Billion by 2029, Growing at a CAGR of 10.26% during 2023-2029 - ResearchAndMarkets.com (2024)

FAQs

What is the CAGR of data centers? ›

U.S. Data Center Market Size and Growth 2024 To 2034. The U.S. data center market size was valued at USD 61.09 billion in 2023 and is expected to reach USD 211.06 billion by 2034, growing at a CAGR of 11.93% from 2024 to 2034.

How big is the data center market in Canada? ›

Report AttributeDetails
Estimated Market Value (USD) in 2023$5.03 Billion
Forecasted Market Value (USD) by 2029$9.04 Billion
Compound Annual Growth Rate10.2%
Regions CoveredCanada
2 more rows
Feb 28, 2024

What is the forecast for data center investment? ›

The data center market size was valued at USD 301.8 billion in 2023, and it is expected to advance at a compound annual growth rate of 10.1% during 2024–2030, to reach USD 622.4 billion by 2030. The exponential increase in data is the major factor that contributes to the growth of the market.

Are data centers growing? ›

As a commodity, data is mushrooming in size. In 2024 alone, the world is expected to generate 1.5 times the amount of digital data it did just two years ago (Exhibit 1). Demand for data centers has grown exponentially, too, with vacancy declining all over the world and at a decade-low in North America.

What is a good CAGR number? ›

For large-cap companies, a CAGR in sales of 5-12% is good. Similarly, for small companies, a CAGR between 15% to 30% is good. On the other hand, start-up companies have a CAGR ranging between 100% to 500%. Also, such high growth rates in the early stages are not completely abnormal.

What is the CAGR of 5G growth? ›

[296 Pages Report] The 5G Services market is estimated at USD 98.3 billion in 2023 to USD 427.7 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 34.2%. The integration of 5G technology in environmental monitoring and sustainability initiatives serves as a significant driver for the 5G market.

What is the number 1 data center in the world? ›

Group 1 – Global Data Giants
#Data Center CompanyGeography
1Amazon Web Services (AWS)Global
2Microsoft AzureGlobal
3Google Cloud Platform (GCP)Global
4Meta Platforms (Facebook)Global
12 more rows

Which country has largest data center? ›

With one of the large data centre markets, the United States holds the most data centre sites in the world. Data centre revenue is expected to reach US$99.16bn in 2024. The US' market influence cannot be overstated.

Who owns the largest data center? ›

List of Largest Data Centers in the US:
  • Equinix.
  • Digital Realty.
  • Cyxtera.
  • CyrusOne.
  • CoreSite.
  • Lumen.
  • Iron Mountain.
  • Flexential.
May 31, 2024

Is the data center market growing in 2024? ›

Revenue in the Data Center market is projected to reach US$416.10bn in 2024. Network Infrastructure dominates the market with a projected market volume of US$239.70bn in 2024. Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.45%, resulting in a market volume of US$624.10bn by 2029.

Are data centers a good investment? ›

The return on investment (ROI) in data centers can be attractive, driven by the high demand for digital storage and services. Long-term leases with tenants provide a steady income stream, and the growing reliance on digital infrastructure suggests a sustainable demand.

What are the risks of investing in data centers? ›

As with other niche property types, data center investing includes some unique risks, such as availability of power, supply chain delays, and natural disasters.

What is the trend in data centers in 2030? ›

New data centers that are diverse, ubiquitous, secure, and smart, and support zero carbon, energy saving, flexible resources, peer-to-peer, and SysMoore interconnection will become the direction of industry development.

What is replacing data centers? ›

It's no secret that businesses are currently replacing traditional data centers with the cloud.

Will data centers become obsolete? ›

The problem: new data centers risk becoming obsolete. This is largely driven by the ever-increasing power needed to deal with expanding amounts of data, which is projected to double in the next five years, when compared to the past decade, according to business intelligence firm Statista.

What is the CAGR of the big data market? ›

Big Data Market Overview

Big data Size was valued at USD 100.4 billion in 2021. The big data industry is projected to grow from USD 114.9 Billion in 2022 to USD 297.0 billion by 2030,exhibiting a compound annual growth rate (CAGR) of 14.5% during the forecast period (2024 - 2030).

What is the CAGR of the data storage market? ›

The global data storage market size was valued at USD 186.75 billion in 2023 and is projected to grow from USD 218.33 billion in 2024 to USD 774.00 billion by 2032, exhibiting a CAGR of 17.1% during the forecast period (2024-2032).

What is the CAGR of data science? ›

The global data science platform market was valued at USD 95.31 billion in 2021 and is expected to grow at a CAGR of 27.6% during the forecast period.

What is the CAGR of cloud technology? ›

KEY MARKET INSIGHTS

The cloud computing market size was valued at USD 587.78 billion in 2023. The market is projected to grow from USD 676.29 billion in 2024 to USD 2,291.59 billion by 2032, exhibiting a CAGR of 16.5% during the forecast period.

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