| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Volume (2025) | 1.17 Thousand megawatt |
| Market Volume (2030) | 1.79 Thousand megawatt |
| CAGR | 9.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Chicago Data Center Market Analysis
The Chicago Data Center Market size is estimated at 1.17 thousand megawatt in 2025, and is expected to reach 1.79 thousand megawatt by 2030, at a CAGR of 9% during the forecast period (2025-2030).
- A data center is a specific area inside a structure or a collection of designs that house computer systems and related equipment, such as networking and storage systems.
- Hyperscalers and edge data centers are the parts of the industry that are expanding quickly. While edge enables diversification and reduces latency, hyperscalers meet the rising demand. Artificial intelligence (AI) development will boost demand by requiring more data and increasing computing efficiency.
- As businesses in Chicago experience significant data generation across industries like IT and telecom, BFSI, healthcare, and government and defense, big data and IoT technology will increase investments in the data center industry.
- The need for cloud-based solutions has grown nationwide due to rising technological adoption and consumer preference for the cloud, allowing access to data from remote locations. As more businesses understand the value of saving money and resources by moving their data to the cloud rather than building and maintaining on-premise infrastructure, the demand for cloud-based solutions and, as a result, the adoption of cloud-based data centers in the nation has increased.
- However, one of the main barriers in the market under study is data security, which results from increased cyberattacks and natural catastrophes. A significant issue the nation faces due to rising adoption is the energy infrastructure required to deliver uninterrupted cloud and data center services.
Chicago Data Center Market Trends
Growing Cloud Applications, AI, and Big Data
- The growing adoption of cloud applications, artificial intelligence (AI), and big data is driving the demand for data centers. As more businesses and organizations shift their operations to the cloud, they require larger and more advanced data centers to support their needs.
- For instance, in December 2022, a new Oracle Cloud Infrastructure (OCI) region officially began operations in Chicago, according to Oracle. The new area, which is Oracle's fourth in the United States and 41st overall, is a public cloud region. The business also runs two general US Government regions, three Department of Defense-specific US Government regions, several US National Security regions, a TikTok plant in Texas, and regions in Ashburn, Virginia, Phoenix, Arizona, and San Jose, California.
- AI and big data also require significant data storage and processing power. AI algorithms require vast amounts of data to be processed quickly, and big data analytics require massive amounts of storage and processing power to handle large datasets. This has increased demand for data centers with advanced computing capabilities, such as graphics processing units (GPUs) and artificial intelligence accelerators.
- Furthermore, the increasing need for data privacy and security drives the demand for data centers. With the rise in cyber threats and data breaches, businesses and organizations are seeking secure and reliable data storage and processing solutions, which advanced data centers can only provide.
- The growth of cloud applications, AI, and big data drives the demand for advanced data centers. As businesses and organizations increasingly rely on these technologies to support their operations, the demand for data centers is expected to continue to grow. This presents a significant opportunity for businesses and investors looking to enter the data center market.
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High Adoption Of Hyperscale Data Center
- The rising adoption of hyperscale data centers is a significant driver of the data center market. Hyperscale data centers are large-scale facilities designed to support the massive amounts of data processing and storage required by modern businesses and organizations.
- For instance, in June 2022, the Aspen Mountain Hyperscale Data Center complex, the world's first sustainable hyperscale data center development, will be a carbon-negative, multi-business environment thanks to 100% heat reuse, according to Wyoming Hyperscale White Box. The 100% liquid-cooled, technology-neutral information technology equipment (ITE) will be used across the 120 MW master-planned campus, which will also run entirely on renewable energy and require no refrigerant or industrial water. The project's 30-MW initial phase is currently being built, and commissioning is scheduled to start in 2023.
- In Chicago, Illinois, commercial real estate investment company Metro Edge Development Partners is preparing to build a new data center. The business disclosed that it had signed a ground lease with a 75-year term for a 1.97-acre site in the Illinois Medical District (IMD), which gives it the only right to develop and run a high-performance data center. Approximately 191,000 square feet (17,750 square meters) in size, a 21MW, five-story data center is the subject of planning and permitting efforts by Metro Edge.
- January 2022, Aligned's latest hyperscale data center campus, a leading data center provider offering innovative, sustainable, and adaptable colocation and build-to-scale solutions for cloud, enterprise, and managed service providers, has begun construction in Chicago, Illinois. The 18.5-acre campus's first data center, ORD-01, is a 520,000-square-foot, 48-MW building that may be expanded to about 60 MW. When finished, the Chicago campus of Aligned will have a capacity of more than 100 MW.
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Chicago Data Center Industry Overview
The Chicago Data Center Market is fragmented in that key vendors are utilizing inorganic growth techniques, such as mergers and acquisitions and strategic partnerships, to increase their market share. Some players include Digital Realty Trust, Inc., DataBank, Equinix Inc., Cyxtera Technologies, Inc., and CyrusOne.
In November 2022, to create the largest data center campus in the Greater Chicago area, Prime ORD will provide more than 750,000 square feet and 175 megawatts of capacity when fully built out. The first of three campus data centers planned, ORD-01, will be promoted as a single-tenant, hyperscale data center to large cloud providers, international enterprises on the Internet, colocation firms, and Fortune 500 companies.
In December 2022, a new Oracle Cloud Infrastructure (OCI) region officially began operations in Chicago, according to Oracle. The new area, which is Oracle's fourth in the United States and 41st overall, is a public cloud region. The business also runs two general US Government regions, three Department of Defense-specific US Government regions, several US National Security regions, a TikTok plant in Texas, and regions in Ashburn, Virginia, Phoenix, Arizona, and San Jose, California.
Chicago Data Center Market Leaders
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Digital Realty Trust, Inc.
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DataBank
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Equinix Inc.
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CyrusOne
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Cyxtera Technologies, Inc.
- *Disclaimer: Major Players sorted in no particular order
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Chicago Data Center Market News
- June 2024 - Data Storage Corporation, also known as DSC and the Company, has revealed that CloudFirst, its subsidiary, has set up technical resources in its 7th Data Center in Chicago, Illinois. This new data center's strategic placement enables the Company to meet increasing demand for its offerings in the region and broaden its presence in the United States.
- June 2024 - Compass Datacenters, of Dallas, has begun work on a hyperscale data center campus in Hoffman Estates, Ill. The project is taking shape on the nearly 200-acre former Sears headquarters site.The Chicago-area campus will include five hyperscale data centers and will be Compass’ first hyperscale campus in Illinois. The firm estimates the project’s value on completion at about USD 10 billion in local investment.
Chicago Data Center Industry Segmentation
A data center is a physical room, building, or facility that holds IT infrastructure used to construct, run, and provide applications and services and store and manage the data connected with those applications and services.
The Chicago Data Center Market is segmented by DC Size (small, medium, large, massive, mega), by tier type (tier 1&2, tier 3, tier 4), by absorption (utilized [colocation type [retail, wholesale, hyperscale], by end user [cloud & IT, telecom, media & entertainment, government, BFSI, manufacturing, e-commerce]) and non-utilized). The market sizes and forecasts are provided in terms of value (MW) for all the above segments.
| By DC Size | Small | |||
| Medium | ||||
| Large | ||||
| Massive | ||||
| Mega | ||||
| By Tier Type | Tier 1 & 2 | |||
| Tier 3 | ||||
| Tier 4 | ||||
| By Absorption | Utilized | By Colocation Type | Retail | |
| Wholesale | ||||
| Hyperscale | ||||
| By End User | Cloud & IT | |||
| Telecom | ||||
| Media & Entertainment | ||||
| Government | ||||
| BFSI | ||||
| Manufacturing | ||||
| E-Commerce | ||||
| Other End User | ||||
| Non-Utilized | ||||
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Chicago Data Center Market Research Faqs
How big is the Chicago Data Center Market?
The Chicago Data Center Market size is expected to reach 1.17 thousand megawatt in 2025 and grow at a CAGR of 9% to reach 1.79 thousand megawatt by 2030.
What is the current Chicago Data Center Market size?
In 2025, the Chicago Data Center Market size is expected to reach 1.17 thousand megawatt.
Who are the key players in Chicago Data Center Market?
Digital Realty Trust, Inc., DataBank, Equinix Inc., CyrusOne and Cyxtera Technologies, Inc. are the major companies operating in the Chicago Data Center Market.
What years does this Chicago Data Center Market cover, and what was the market size in 2024?
In 2024, the Chicago Data Center Market size was estimated at 1.06 thousand megawatt. The report covers the Chicago Data Center Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Chicago Data Center Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Chicago Data Center Industry Report
Statistics for the 2025 Chicago Data Center market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Chicago Data Center analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
