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2024 U.S. Industry Statistics & Market Forecast - Data Centers and Cloud Computing Services
Market Size & Industry Statistics
The total U.S. industry market size for Data Centers and Cloud Computing Services:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Data Centers & Hosting Services industry is witnessing several key trends that are shaping the future of this rapidly evolving sector. One of the most significant trends affecting this industry is the migration towards cloud-based services. This trend is driven by the need for greater agility, flexibility, and scalability in IT infrastructure, as businesses continue to adopt digital transformation initiatives.Another important trend is the rise of edge computing, which enables organizations to process data closer to the source, reducing latency and improving performance. This approach is particularly useful for industries such as the internet of things (IoT) and autonomous vehicles, where data processing must occur in real-time.
Data privacy and security concerns are also driving trends in the data center and hosting services sector. Companies are placing increased emphasis on securing their applications and data, and data center providers are responding by offering enhanced security measures and regulatory compliance frameworks.
The adoption of artificial intelligence (AI) and machine learning (ML) applications is another trend driving innovation in this industry. These technologies are being used to optimize infrastructure management, improve security, and automate mundane tasks.
Finally, sustainability is becoming a critical consideration for data centers and hosting services providers. The industry is increasingly adopting renewable energy sources such as solar and wind power, and implementing energy-efficient designs to reduce their carbon footprint.
Product & Services Breakdown
Research products and services in the Data Centers and Cloud Computing Services industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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System Software Publishing |
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Application Software Publishing |
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Information Technology (It) Technical Consulting Services |
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Application Service Provisioning, With Or Without Integration Of Related Services |
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Business Process Management Services, Including Financial, Human Resources, Supply-Chain, Customer Relations, And Vertical Marke |
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Business Process Management Services - Financial |
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Business Process Management Services - Human Resources |
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Business Process Management Services - Supply-Chain Management |
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Business Process Management Services - Customer Relations Management |
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Business Process Management Services - Vertical Markets |
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Other Business Process Management Services |
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Website Hosting Services, With Or Without Integration Of Related Services |
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Website Hosting - With Integration Of Related Services |
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Website Hosting - Without Integration Of Related Services |
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Collocation Services |
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Data Storage Services |
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Data Management Services |
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Video And Audio Streaming Services |
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Other Data Processing Or It Infrastructure Provisioning Services |
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Internet Access Services - Broadband (I.E., Always-On) |
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Information And Document Transformation Services |
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Imaging And Other Data Capture Services |
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Data Conversion And Migration Services |
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Custom Application Design And Development Services |
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Network Design And Development Services |
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Computer Systems Design, Development, And Integration Services |
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It Infrastructure And Network Management Services |
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Network Management Services |
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Computer Systems Management |
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Information Technology (It) Technical Support Services |
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Software Related Technical Support Services |
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Hardware Related Technical Support Services |
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Combined Hardware And Software Technical Support Services |
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Disaster Recovery Services (Business Continuity Services) |
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Domain Name Registration Services |
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Other It Technical Support Services |
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Resale Of Merchandise |
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Resale Of Merchandise - Computer Hardware And Software |
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Resale Of Merchandise - Other Merchandise, Excluding Computer Hardware And Software |
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All Other Receipts |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Data Centers and Cloud Computing Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Data Centers and Cloud Computing Services industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Data Centers and Cloud Computing Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 15% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 3% | |||
| Operations Specialties Managers | 7% | |||
| Business and Financial Operations Occupations | 13% | |||
| Business Operations Specialists | 10% | |||
| Computer and Mathematical Occupations | 40% | |||
| Computer Occupations | 38% | |||
| Computer Support Specialists | 6% | |||
| Database and Network Administrators and Architects | 5% | |||
| Software and Web Developers, Programmers, and Testers | 19% | |||
| Software Developers | 15% | |||
| Sales and Related Occupations | 9% | |||
| Sales Representatives, Services | 7% | |||
| Miscellaneous Sales Representatives, Services | 6% | |||
| Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel | 6% | |||
| Office and Administrative Support Occupations | 18% | |||
| Information and Record Clerks | 8% | |||
| Customer Service Representatives | 7% | |||
| Customer Service Representatives | 7% | |||
Data Centers and Cloud Computing Services Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Data Centers and Cloud Computing Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Data Centers and Cloud Computing Services industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Data Centers and Cloud Computing Services industry. |
Innovation News
- Apr 18, 2024: Uber Technologies patents Optimizing Group Requests For A Network-based Service
- Apr 18, 2024: Roku patents Candidate Ranking For Content Recommendation
- Apr 18, 2024: Roku patents Online Automatic Hyperparameter Tuning
- Apr 12, 2024: Clearsense raises $20 million in funding.
- Apr 10, 2024: Zenapse raises $9 million in funding.
- Apr 03, 2024: Lenderclose raises $10 million in funding.
- Jan 30, 2024: Whois Api trademarks "W" - Computer information security services
- Jan 25, 2024: Michigan Health Information Network Shared Services trademarks "INTEROP WORLD" - Providing access to an electronic exchange of medical records across a nationwide health information network.
- Jan 23, 2024: Hubspot trademarks "CONTENT HUB" - Marketing services; marketing consultancy; consulting and advisory services for sales methods
Recent Federal Contracts for Data Centers and Cloud Computing Services- Apr 02, 2024: TEALIUM INC. (San Diego, CA) awarded $1,599,149
- Apr 02, 2024: PUBLIC HEALTH, CONNECTICUT DEPARTMENT OF (Hartford, CT) awarded $320,932
- Apr 02, 2024: NORTH OTTAWA COMMUNITY HOSPITAL (Grand Haven, MI) awarded $143,207
- Apr 02, 2024: COLEMAN PROFESSIONAL SERVICES, INC. (Kent, OH) awarded $6,349,484
- Apr 02, 2024: SHIPCOM WIRELESS INC (Houston, TX) awarded $220,198
- Apr 02, 2024: STRYDER CORP (San Francisco, CA) awarded $178,750
- Apr 02, 2024: TEALIUM INC. (San Diego, CA) awarded $1,599,149
- Apr 02, 2024: PUBLIC HEALTH, CONNECTICUT DEPARTMENT OF (Hartford, CT) awarded $320,932
- Apr 02, 2024: NORTH OTTAWA COMMUNITY HOSPITAL (Grand Haven, MI) awarded $143,207
- Apr 02, 2024: COLEMAN PROFESSIONAL SERVICES, INC. (Kent, OH) awarded $6,349,484
- Apr 02, 2024: SHIPCOM WIRELESS INC (Houston, TX) awarded $220,198
- Apr 02, 2024: STRYDER CORP (San Francisco, CA) awarded $178,750
