Multi-Tenant Data Center Market to Reach USD 112.38 Billion by 2032

The multi-tenant data center market is projected to reach USD 112.38 billion by 2032, growing at a CAGR of 12.32% during the forecast period of 2025-2032. The market is driven by the growth of AI, cloud computing, and edge infrastructure modernization, particularly in the US market. Key players include Equinix Inc., Digital Realty, NTT Communications Corporation, IBM Corporation, and Global Switch Ltd. The market is segmented by component, type, enterprise size, application, and industry vertical. The solutions segment dominated the market in 2024, while the services segment is expected to be the fastest growing segment.

The multi-tenant data center market is poised for significant growth, projected to reach USD 112.38 billion by 2032, according to a recent report by SNS Insider [1]. This growth is driven by the proliferation of artificial intelligence (AI), cloud computing, and edge computing infrastructure modernization, particularly in the U.S. market. The report highlights robust market dynamics and key players shaping the industry.

The U.S. market alone is expected to grow from USD 12.30 billion in 2024 to USD 30.40 billion by 2032, expanding at a CAGR of 11.97% during the forecast period [1]. This growth is fueled by the increasing adoption of AI, cloud computing, and edge infrastructure, which require scalable and efficient data center solutions.

Key players in the multi-tenant data center market include Equinix Inc., Digital Realty, NTT Communications Corporation, IBM Corporation, and Global Switch Ltd. These companies are at the forefront of providing essential infrastructure and services to enterprises across various industries.

The market is segmented by component, type, enterprise size, application, and industry vertical. The solutions segment, which includes physical infrastructure such as racks, cooling solutions, and environmental monitoring, dominated the market in 2024. However, the services segment, which includes managed services and real-time facility monitoring, is expected to grow at the fastest CAGR during the forecast period [1].

The retail colocation segment, which offers cost-effective and flexible solutions, remains dominant. However, the wholesale colocation segment, which caters to high-density or specialized workloads, is projected to grow at the highest CAGR [1]. The public cloud segment, which provides scalable and secure infrastructure for SaaS, IaaS, and PaaS offerings, is also a significant driver of market growth.

The healthcare sector is expected to grow at the fastest CAGR, driven by the need for secure and resilient IT infrastructure to handle sensitive patient data. The Asia-Pacific region is forecasted to be the fastest-growing market, driven by the region's digital economy and increasing internet penetration [1].

In addition to market growth, the report highlights key trends shaping the industry. These include an increasing focus on energy-efficient infrastructure, enhanced security protocols, operational metrics, carbon footprint reduction, and data center migration trends. Enterprises are increasingly shifting workloads to colocation facilities to reduce capital expenditure and improve scalability and hybrid cloud readiness [1].

The acquisition of a 64% stake in Exaion, EDF's AI infrastructure unit, by MARA Holdings for $168 million, further underscores the growing importance of AI infrastructure in the data center market [2]. This acquisition will allow MARA to expand its offerings in the AI infrastructure market and leverage Exaion's expertise in high-performance computing and AI infrastructure.

In conclusion, the multi-tenant data center market is experiencing significant growth driven by technological advancements and increasing demand for scalable and efficient infrastructure solutions. Key players and segments are poised to shape the market's future, with a focus on energy efficiency, security, and operational performance.

References:
[1] https://www.globenewswire.com/news-release/2025/08/13/3132629/0/en/Multi-Tenant-Data-Center-Market-to-Reach-USD-112-38-Billion-by-2032-Owing-to-AI-Cloud-and-Edge-Computing-Proliferation-Research-by-SNS-Insider.html
[2] https://www.ainvest.com/news/mara-holdings-acquires-64-stake-edf-ai-infrastructure-unit-168m-2508-55/