Market Size of canada data center Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Volume (2024) | 0.75 Thousand MW |
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Market Volume (2029) | 1.16 Thousand MW |
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Largest Share by Tier Type | Tier 3 |
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CAGR (2024 - 2029) | 8.97 % |
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Fastest Growing by Tier Type | Tier 4 |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Canada Data Center Market Analysis
The Canada Data Center Market size is estimated at 0.75 thousand MW in 2024, and is expected to reach 1.16 thousand MW by 2029, growing at a CAGR of 8.97% during the forecast period (2024-2029).
USD 3,470.32 Million
Market Size in 2024
USD 5,332.8 Million
Market Size in 2029
11.1%
CAGR (2017-2023)
9.0%
CAGR (2024-2029)
IT Load Capacity
754.6 MW
Value, IT Load Capacity, 2024
The IT load capacity of the data center market will have steady growth and is expected to reach 1,159.6 MW by 2029. Canada is investing in IoT, AI, and other technologies, resulting in more data generation thus creating market demand.
Total Raised Floor Space
Sq. Ft.3.77 M
Volume, Raised Floor Space, 2024
The total raised floor area of the country is expected to increase to 5.3 million sq. ft by 2029. Canadian government investment in expansion of fiber connectivity across the country would increase the demand for DC facilities.
Installed Racks
188,645
Volume, Installed Racks, 2024
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. The availability of renewable energy, cheap electricity, data laws would grow DC facilities.
# of DC Operators & DC Facilities
44 and 113
Volume, DC Facilities, 2024
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
22.7%
Market Share, Vantage Data Centers LLC, LLC
Vantage Data Centers LLC led the market in 2023 with a share of 22.7% 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.
Tier 3 data center accounted for majority share in terms of volume in 2023, Tier 4 is fastest growing segment
- 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%.
Understand The Key Trends Shaping This Market
