The latest Datacentre Services and Infrastructure Market Monitor report from 451 Research indicates that over half of global utilised racks (excluding server rooms/closets/micro-DCs/telco hubs) will be at off-premises facilities – including cloud and colocation sites – by 2024.
“Across all owner types and geographic locations, cloud and service providers are driving expansion, with the hyperscalers representing the tip of the spear,” said Greg Zwakman, VP of Market and Competitive Intelligence at 451 Research. “We expect to see a decline in utilised racks across the enterprise, with a mid-single-digit CAGR increase in non-cloud colocation, and cloud and service providers expanding their utilised footprint over 13%.”
The report provides an installed-base view of the total number of datacentre sites globally, while also sizing the datacentre market in terms of datacentre count, space, power and racks.
“Our research leverages other 451 Research deliverables, such as the Datacentre KnowledgeBase [a detailed database of over 6,300 multi-tenant datacentres], Voice of the Enterprise end-user surveys, and other Market Monitor products,” added Leika Kawasaki, Research Manager. “In doing so, we can expand our analysis around areas such as IoT’s impact on datacentre providers, cloud and service providers’ share of the datacentre market, and other derivative analysis.”
Key findings from this report include:
- Total worldwide datacentre installed-base growth will continue to slightly decline, at a -0.1% CAGR between 2019 and 2024; however, overall total capacity in terms of space, power and racks will continue to increase as organisations shift toward larger datacentres.
- Server rooms and closets account for nearly 95% of total datacentres, but only 23% of total utilized racks in 2019.
- 60% of enterprise datacentre space is accounted for by datacentres smaller than 1,000 m2.
- The average multi-tenant datacentre (MTDC) is nearly nine times larger than an enterprise datacentre (excluding rooms/closets and micro DCs/telco hubs) in 2019.
- The top six hyperscalers account for 42% of total cloud and service providers’ utilised racks in 2019. This is expected to expand at an 18% CAGR, reaching 50.4% of the total by 2024.
Rack demand for supporting IoT workloads and IoT data storage is expected to grow at a 46% CAGR from 2019 to 2024 – accounting for 15% of total global datacentre racks by year-end 2024.