Multi-Tenant Data Centers Market Revenue to Attain USD 167.86 Bn by 2033

15 Sep 2025

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Table of Content

1. Multi-Tenant Data Centers Market Revenue and Trends 2025 to 2033 2. Key Drivers Enabling the Growth of the Multi-Tenant Data Centers Market 3. Segment Insights 4. Regional Insights 5. Multi-Tenant Data Centers Market Coverage 6. Multi-Tenant Data Centers Market Key Players

Multi-Tenant Data Centers Market Revenue and Trends 2025 to 2033

The global multi-tenant data centers market size surpassed USD 56.10 billion in 2025 and is predicted to reach around USD 167.86 billion by 2033, expanding at a CAGR of 12.95% from 2025 to 2033.

The multi-tenant data centers market provides shared data center resources and physical space to multiple clients, allowing them to house their servers, storage, and networking equipment in a third-party-operated facility. This setup helps reduce costs and simplifies management by offering shared physical space, network bandwidth, power, and cooling services to multiple customers simultaneously.

Key Drivers Enabling the Growth of the Multi-Tenant Data Centers Market

Various factors are driving the growth of the multi-tenant data center market. Digital transformation, fueled by the adoption of cloud services and the Internet of Things (IoT), demands scalable infrastructure. Colocation services provide cost savings and expertise, encouraging businesses to move away from in-house server rooms. Green data centers are becoming more popular due to environmental concerns and energy-efficient designs. Technological advancements, such as SDDCs, are increasing the demand for complex hosting environments. Additionally, a rise in global IT spending is bolstering the need for robust digital infrastructure like MTDC. The rise of AI and high-performance computing also requires specialized cooling solutions and high-density power capabilities.

Segment Insights

• By service type, the retail colocation segment led the market because it offers a cost-effective, scalable, and flexible solution for businesses, especially SMEs, that need to leverage shared infrastructure without incurring the high costs of developing private data centers.
• By data center type, the carrier-neutral MTDC segment is the largest, as it offers businesses superior flexibility, cost-effectiveness, and reliable access to multiple network providers, enabling them to select the best services to meet their evolving needs.
• By construction type, the greenfield multi-tenant data center segment is currently the market leader. This is due to the demand for customizable, scalable, and future-proof infrastructure to accommodate evolving IT requirements by ensuring energy efficiency.
• By end-user/ tenant type, cloud service providers (CSPs) dominated the market as they leverage shared infrastructure to support massive hyperscale operations, resulting in significant cost efficiencies, unmatched scalability, and streamlined maintenance.

Regional Insights

North America holds the largest share of the multi-tenant data center market. This dominance is driven by its established digital infrastructure, strong demand for cloud computing and AI, abundant land availability, and robust technological adoption. The U.S. has a wealth of land and established power infrastructure, facilitating the development of large-scale data center campuses. Additionally, the presence of major cloud providers like Microsoft, Amazon, and Google, expanding their data center operations, further strengthens the market.

Asia Pacific region is expected to experience the fastest growth, primarily due to rapid digitalization, increased cloud adoption, significant e-commerce growth, and the emergence of AI and 5G technology. The booming e-commerce sector and heightened demand for digital services, including over-the-top streaming and online payments, require extensive data center capacity. Initiatives supporting this growth include Singapore's policy shift to promote green data centers, Australia's NEXTDC funding for AI-ready facilities.

Multi-Tenant Data Centers Market Coverage

Recent Development

In April 2025, Sify Technologies Limited inaugurated the Chennai 02 data center campus, which the company claims is South India’s largest AI-ready data center campus. The facility is designed to support a capacity of over 130 megawatts (MW) and has a power density ranging from eight to 25 kilowatts (kW) for air-cooled racks, and up to 200 kW for liquid-cooled workloads, enhancing digital infrastructure and creating a thriving ecosystem of opportunities.

Multi-Tenant Data Centers Market Key Players

• Equinix, Inc.
• Digital Realty Trust, Inc.
• CyrusOne, Inc.
• CoreSite Realty Corporation
• NTT Global Data Centers
• Iron Mountain Data Centers
• Global Switch
• China Telecom Global (CTG)
• China Mobile International (CMI)
• Telehouse (KDDI Group)
• QTS Realty Trust
• ST Telemedia Global Data Centers (STT GDC)
• Keppel Data Centers
• NEXTDC Limited
• Vantage Data Centers

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