Market Size of chile data center Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2029 |
|
Market Volume (2024) | 302.7 MW |
|
|
Market Volume (2029) | 480.9 MW |
|
Largest Share by Tier Type | Tier 3 |
|
|
CAGR (2024 - 2029) | 9.70 % |
|
|
Fastest Growing by Tier Type | Tier 4 |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Chile Data Center Market Analysis
The Chile Data Center Market size is estimated at 302.7 MW in 2024, and is expected to reach 480.9 MW by 2029, growing at a CAGR of 9.70%. Further, the market is expected to generate colocation revenue of USD 2,591 Million in 2024 and is projected to reach USD 4,530.5 Million by 2029, growing at a CAGR of 11.82% during the forecast period (2024-2029).
USD 2,591.01 Million
Market Size in 2024
USD 4,530.5 Million
Market Size in 2029
22.7%
CAGR (2017-2023)
11.8%
CAGR (2024-2029)
IT Load Capacity
302.7 MW
Value, IT Load Capacity, 2024
The IT load capacity of the data center market will have steady growth and is expected to reach 480.9 MW by 2029. Manufacturing, BFSI, and e-commerce primarily catalyze growing IT load capacity by increasing data consumption.
Total Raised Floor Space
Sq. Ft. 1.51 M
Volume, Raised Floor Space, 2024
The total raised floor area of the country is expected to increase to 2.4 million sq. ft by 2029. The increased internet usage and the adoption of more smartphones are factors contributing to the rise DC facilities.
Installed Racks
75,672
Volume, Installed Racks, 2024
The number of installed racks is expected to reach 120,224 units by 2029. In Santiago, several cloud service providers and multinational corporations investment would increase DC market.
# of DC Operators & DC Facilities
26 and 50
Volume, DC Facilities, 2024
There are 50 colocation data center facilities in Chile. Santiago is the major hotspot in the country. The increasing adoption of the cloud by most businesses is one of the factors boosting the number of data centers in the nation.
Leading Market Player
17%
Market Share, Ascenty (Digital Realty Trust, Inc.), Inc.)
Ascenty has two data center facilities in the Netherlands. These facilities have a 109,752 sq. ft net rentable capacity and 30.59 MW IT load capacity with more than 2000 units of average racks.
Tier 3 data centers accounts for majority market share in 2023, Tier-4 is the fastest growing in forecasted period
- Tier 1 and 2 facilities may gradually experience a decline in demand and growth in the coming years. By 2029, these facilities are anticipated to hold a market share of 1.4% with little expansion, owing to the lengthy and irregular outages. Due to the rising demand for data processing, storing, and analysis, the majority of customers will eventually transition to tier 3 and 4 facilities, which hold 37.9% and 60.7% of the market share, respectively.
- The e-commerce and BFSI sectors of the country are growing. Recently, mobile banking usage has increased in Chile. For instance, cards were used to make about 55% of internet purchases in Chile. A total of 14% and 13% of online purchases are made via digital wallets and bank transfers, respectively. Tier 4 data centers are anticipated to record dramatic growth in the coming years as more companies are offering cloud-based services and building colocation spaces with the most advanced technology. With the rising preference for the cloud, growing data consumption, and the development of more than half a billion digital objects, Chile's data center infrastructure is expanding tremendously.
- Many Chilean businesses are switching to cloud computing. In 2022, Chile's public sector was responsible for 17% of all IT company spending.
Understand The Key Trends Shaping This Market
