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Analytics Solutions Drive Expansion in the U.S. EDSP Market

U.S. and Southeast Asia Enterprise Data Service Platform (EDSP) Market

The U.S. enterprise data strategy and planning (EDSP) market reached a valuation of approximately USD 20,137.5 million in 2023 and is projected to grow at a CAGR of 8.4%, reaching USD 35,053.4 million by 2030. Similarly, the EDSP market in Southeast Asia was valued at USD 1,778.5 million in 2023 and is expected to grow at a CAGR of 12.3%, reaching USD 3,955.8 million by the end of the decade.

In the U.S., the solutions category accounted for a dominant market share of 76.5%. These software solutions establish standardized workflows, offering benefits such as reduced operational costs and fostering a data-driven culture. Among the solutions, analytics tools are gaining traction as they can process diverse data formats—structured, semi-structured, and unstructured—transforming them into actionable insights for visualization and analysis.

Regarding deployment modes, the on-premises segment generates higher revenue due to its advanced security features, making it particularly attractive for large financial institutions and enterprises.

In Southeast Asia, the BFSI sector led with a 16.9% market share, driven by its adoption of data-driven strategies to address challenges like customer retention, fraud detection, and application screening. The retail and consumer goods segment is expected to grow the fastest, leveraging analytics tools to manage scattered data from multiple sales channels. These tools help retailers analyze customer interactions throughout the purchase journey, providing actionable insights.

Artificial intelligence plays a pivotal role in enhancing data transformation, modeling, and storage by improving efficiency and insight generation. Machine learning and IT tools further support automated data processing, enabling natural language interactions, intelligent exploration, and advanced analytics. AI-powered tools also streamline data integration, cleansing, and transformation, reducing manual effort and ensuring data quality.

The increasing generation of data from various sources continues to drive the demand for EDSP solutions across the U.S. and Southeast Asia. This trend is set to persist, fueled by advancements in AI and analytics technologies.

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Data Center Market Growth Projections Highlight Carbon-Neutral Goals by 2030

Data Center Market

The global data center market is on a growth trajectory, projected to reach USD 622.4 billion by 2030. A key trend in the industry is the push toward carbon-neutral data centers by the decade’s end, with companies implementing strategies to meet this objective.

According to the IEA, the U.K. aims to reduce greenhouse gas (GHG) emissions by 68% from 1990 levels by 2030 and achieve net-zero carbon emissions by 2050. Similarly, the Dutch government has introduced laws such as the Climate Act and the National Climate Agreement to curb emissions. The Energy Conversion Act mandates a 16% CO2 reduction by 2030, with a 95% reduction goal by 2050. The U.S. government also has set its sights on reducing emissions by 50-52% by 2030.

Data centers serve as hubs for large-scale data processing and decision-making, enabling businesses to leverage data-driven insights and improve services, customer relations, and revenue generation. To manage the surging data volumes, companies are investing in high-performance data infrastructure.

Regional Outlook

  • IT Infrastructure Growth: Server, storage, and networking components form the backbone of this sector, anticipated to grow at a CAGR of over 11.6%.
  • Efficiency & Privacy Focus: Data storage efficiency and privacy concerns are central to IT infrastructure advancements.
  • Industry Insights: The IT & telecom sector held over 40% of the market share in 2023 due to increased software deployment and startup activities, with a rising demand driven by mobile internet users.
  • Emerging Technologies: IoT and 5G technologies are driving data growth, particularly in IT & telecom.
  • Healthcare Sector Expansion: The healthcare sector is set to grow at a 10.4% CAGR, underscoring the rising need for data storage in medical contexts.
  • Regional Leaders: North America, with 40% of the market share, and Europe, spurred by AI, 5G, VR, IoT, and cloud computing, are seeing significant data center investments. The COVID-19 pandemic accelerated data center investments worldwide, leading to nearly 8,000 centers globally in 2021, with a third in the U.S.