Revenue in the North American data center market is on pace to grow at a compound annual rate of 11 percent between 2024 and 2029, reaching a projected market volume of $227.70 billion by the end of that period, according to Statista Market Insights. The forecast covers spending on the physical infrastructure that supports hosting and operating IT systems, including servers, storage, and network equipment.

The United States represents the largest single share of that market, generating an estimated $123.20 billion in 2024 alone. Statista's analysis attributes much of the region's growth to rising demand for colocation services as companies expand cloud computing capacity and shift workloads away from privately owned facilities.

Network infrastructure, spanning routers, switches, and firewalls from vendors such as Cisco and Palo Alto Networks, makes up one of the three core segments Statista tracks within the broader data center market, alongside servers and storage equipment. Analysts note that North America's advanced technological infrastructure, high concentration of hyperscale cloud providers, and strict data privacy regulations have combined to sustain a highly competitive market with a large number of established providers.

Statista's outlook describes the region as experiencing a surge in demand for hybrid and multi-cloud strategies, pushing data center operators and cloud providers to keep investing in new capacity to avoid losing market share to competitors better positioned for that shift.

Source: Statista - https://www.statista.com/outlook/tmo/data-center/north-america