Canada is a treasure trove of renewable energy, with the availability of a myriad of options, including onshore and offshore wind, biomass, and solar energy to power facilities.CDNs and cloud companies along with the manufacturing, Government, BFSI, and healthcare sectors will continue to aid the market growth.The Canadian market is also witnessing investments from new entrants, such as Enovum Data Centers, QScale, STACK Infrastructure, and Eastlink that will further expand the data center market in Canada.Many of these companies are also planning additional investments during the forecast period. In 2021, data centre operators such as Equinix, Digital Realty, Vantage Data Centers, Cologix, and eStruxture Data Centers will invest in Canada.Canada is one of North America's established data centre markets, owing to low electricity prices, land and renewable energy availability, and government support for data centre development, such as data protection laws and tax breaks.COVID-19 pandemic has been a major contributor for cloud adoption in Canada, with both public and private enterprises adopting it. SaaS will be the leading revenue generator in 2022, and it is expected to generate around $6 billion in the upcoming years.
The revenue from public cloud is expected to reach over $15 billion by 2027. Other major cities such a Calgary and Kamloops also receiving investments from eStruxture Data Centers and Equinix.Ĭanada has been steadily witnessing growth in adoption and penetration of cloud computing services in recent years. Toronto and Montreal are the primary data center hubs in Canada. Cryptocurrency mining involves building data centers, collocating spaces, and increasing mining on cloud platforms.Ĭanada Data Center Market Report Scope Report AttributesĬlick Here to Download the Free Sample Report The tremendous demand for cryptocurrency data centers has boosted the development of data centers with high-performance computing infrastructure.
The growing demand for smart devices, the demand for analytics, cloud adoption, and the growth of wireless networking technologies have led several Canada-based organizations to invest in Big Data and IoT technology.Ĭanada is also a thriving market for cryptocurrency mining. Chicago, (GLOBE NEWSWIRE) - According to Arizton’s latest research report, the Canada Data Center Market will grow at a CAGR of 8.9% during the forecast period.
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