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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.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



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 (%)
Source: AnythingResearch Economic Analysis

Industry Insights

Major trends affect the Data Centers and Cloud Computing Services industry include:
  1. Increased demand for cloud services
  2. Rise in cybersecurity threats
  3. Adoption of edge computing
  4. Growth in artificial intelligence and machine learning applications
  5. Increasing importance of data privacy and regulation compliance
  6. Shift towards multi-cloud and hybrid cloud environments
  7. Expansion of Internet of Things (IoT) implementations
  8. Advancements in data center technology
  9. Energy efficiency and sustainability initiatives
  10. Growth of blockchain technology
  11. Demand for high-performance computing
  12. Rise of 5G technology
  13. Integration of virtual and augmented reality solutions
  14. Shift to serverless computing
  15. Increasing use of automation and DevOps practices
  16. Growth in remote work and collaboration tools


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 DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

System Software Publishing

Application Software Publishing

Information Technology (It) Technical Consulting Services

Application Service Provisioning, With Or Without Integration Of Related Services

Business Process Management Services, Including Financial, Human Resources, Supply-Chain, Customer Relations, And Vertical Marke

Business Process Management Services - Financial

Business Process Management Services - Human Resources

Business Process Management Services - Supply-Chain Management

Business Process Management Services - Customer Relations Management

Business Process Management Services - Vertical Markets

Other Business Process Management Services

Website Hosting Services, With Or Without Integration Of Related Services

Website Hosting - With Integration Of Related Services

Website Hosting - Without Integration Of Related Services

Collocation Services

Data Storage Services

Data Management Services

Video And Audio Streaming Services

Other Data Processing Or It Infrastructure Provisioning Services

Internet Access Services - Broadband (I.E., Always-On)

Information And Document Transformation Services

Imaging And Other Data Capture Services

Data Conversion And Migration Services

Custom Application Design And Development Services

Network Design And Development Services

Computer Systems Design, Development, And Integration Services

It Infrastructure And Network Management Services

Network Management Services

Computer Systems Management

Information Technology (It) Technical Support Services

Software Related Technical Support Services

Hardware Related Technical Support Services

Combined Hardware And Software Technical Support Services

Disaster Recovery Services (Business Continuity Services)

Domain Name Registration Services

Other It Technical Support Services

Resale Of Merchandise

Resale Of Merchandise - Computer Hardware And Software

Resale Of Merchandise - Other Merchandise, Excluding Computer Hardware And Software

All Other Receipts



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.

U.S. map by state

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

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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
 
Source: AnythingResearch Analysis of U.S. federal statistics




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 RatiosIndustry 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.
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).
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.


Liquidity RatiosIndustry 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.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry 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.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
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.



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.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 15%

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Chief Executives0%
General and Operations Managers3%
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%
Source: Bureau of Labor Statistics


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.
Source:
IncFact




Innovation News



Recent Federal Contracts for Data Centers and Cloud Computing Services

  • Apr 02, 2024: NORTHBAY HEALTHCARE GROUP (Fairfield, CA) awarded $368,538
  • Apr 02, 2024: HEITECH SERVICES, INC. (Landover, MD) awarded $215,000
  • Apr 02, 2024: GENERAL DYNAMICS INFORMATION TECHNOLOGY, INC. (Falls Church, VA) awarded $24,455,958
  • Apr 02, 2024: INDRA AIR TRAFFIC, INC. (Overland Park, KS) awarded $499,907
  • Apr 02, 2024: DELOITTE FINANCIAL ADVISORY SERVICES LLP (Washington, DC) awarded $5,000
  • Apr 02, 2024: UAVIONIX CORP (Bigfork, MT) awarded $421,876




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