The Canada Data Center Market is projected to register a CAGR of 8.94%
Key Highlights
- IT Load Capacity: The IT load capacity of the data center market will have steady growth and is expected to reach 1,159.6 MW by 2029.
- Raised Floor Space: The total raised floor area of the country is expected to increase to 5.3 million sq. ft by 2029.
- Installed Racks: The number of installed racks is expected to reach 289,890 units by 2029. Quebec is expected to house the maximum number of racks by 2029.
- DC Facilities: Good connectivity, growing demand for IoT, and increasing government incentives for land and tax are some factors that have triggered the growth of data center facilities in Canada.
- Leading Market Player: Vantage Data Centers LLC led the market in 2022 with a share of 25% and an operational capacity of 158 MW, followed by companies such as Stack Infrastructure at 20.5% with an operating capacity of 129.9 MW.
Canada Data Center Market Trends
Tier 3 is the largest Tier Type
- Increased use of IoT platforms by varying sectors, such as manufacturing, agriculture, and cities, has contributed to the growing data consumption, which has triggered the demand for data centers in Canada.
- For instance, out of the 189,874 farms in Canada, autosteer equipment are currently used by 27%, GPS mapping by 13%, drone usage at 3.5%, and robotic milkers at 1.2%. Agriculture IoT may help farmers increase their profitability by providing real-time insights about the crops.
- Similarly, IoT platforms used in the manufacturing sector may help companies improvise supply chain processes and increase their profitability. As IoT platforms have started gaining traction, these huge amounts of generated data may require an increasing number of servers to process them faster.
- Since tier 4 data centers offer higher bandwidth speed, low latency, better connectivity, disaster recovery options and others, most companies opt for tier 4 data centers. These data centers help companies cater to their growing business requirements, optimize efficiency, and offer better services to the consumer. Tier 4 data centers are anticipated to record a CAGR of 22.68%, which is quite higher than the growth of tier 3 at 5.79% and tier 1&2 at 0.76%.
Canada Data Center Industry Overview
The Canada Data Center Market is fairly consolidated, with the top five companies occupying 87.02%. The major players in this market are Cologix, Inc., Digital Realty Trust, Inc., Equinix, Inc., eStruxture Data Centers Inc. and Vantage Data Centers, LLC (sorted alphabetically).Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents
1 EXECUTIVE SUMMARY & KEY FINDINGS2 REPORT OFFERS8 KEY STRATEGIC QUESTIONS FOR DATA CENTER CEOS
3 INTRODUCTION
4 MARKET OUTLOOK
5 KEY INDUSTRY TRENDS
6 MARKET SEGMENTATION
7 COMPETITIVE LANDSCAPE
9 APPENDIX
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Beanfield Technologies, Inc. (Beanfield Metroconnect)
- CentriLogic, Inc.
- Cologix, Inc.
- Core Data Centres, Inc.
- Cyxtera Technologies
- Digital Realty Trust, Inc.
- Equinix, Inc.
- eStruxture Data Centers Inc.
- Fibre Centre
- Rack and data
- Sungard Availability Services LP
- Vantage Data Centers, LLC
Methodology
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