KBS - Digital Infrastructure and Data Centres - Market Insight

Insight from market research suggests that the U.K. data center market generated revenue of USD 7,921.6mn in 2023 , which is expected to witness a CAGR of 2.4% during 2024 – 2030 , to reach USD 9,324.6mn by 2030.

Market Revenue (USD Million)

9,500.00

9,000.00

8,500.00

8,000.00

7,500.00

7,000.00

2023

2024

2025

2026

2027

2028

2029

2030

The rampant adoption of cloud-based solutions and services due to the benefits they offer to organisations, such as increased efficiencies, modernisation of IT infrastructure and improved data security, has resulted in substantial growth in the data center market. According to a government agency, the UK is one of the largest markets for cloud solutions and services in Europe, with revenue from public cloud services amounting to more than USD 10bn in 2022.