Data Center Construction Market Research Report, by
Design Type (Electrical Construction, Mechanical Construction), Tier Type (Tier
1, Tier 2, Tier 3, Tier 4), Verticals (BFSI, IT & Telecommunication, Media
& Entertainment, Oil & Energy, Public Sector) – Global Forecast till
2023
Data Center Construction Market Research Report -
Forecast to 2023
Market Research Future (MRFR)’s latest study reveals
that the global data center construction market is projected to reach the value
of USD 31.91 billion by 2023. The market is set to advance at CAGR of 9% during
the forecast period (2018–2023). The market is surging ahead on account of the
high adoption of internet of things (IoT) devices such as augmented reality
(AR), virtual reality (VR) & cloud-based technologies, smartphones. The
popularity of data centers is growing owing to increasing information exchange
on the back of increasing ownership of smartphones.
The major benefits offered by data center construction
are low latency, high-speed data transfer and work in near real-time. The data
center construction market is also fueled by factors such as the invention of
advanced technologies and software applications.
On the other hand, high costs incurred for the
establishment of a new data center has become a major challenge for the market
growth. However, to overcome these challenges, companies have started investing
in data center colocation. This industry trend is predicted to follow over the
review period due to the vast array of benefits offered by colocation
facilities compared to conventional in-house centers. This factor will surely
propel the data center construction market in coming years.
Vendor Landscape
AECOM, Arup Group, Fluor Corporation, Gensler, Corgan,
HDR, Inc., Page Southerland Page, Inc., Holder Construction Group, Jones Engineering
Group, Structure Tone, Syska Hennessy Group, Aceco TI, Jacobs Engineering
Group, Turner Construction Company, and others
Global Market for Data Center Construction Market –
Segmental Analysis
MRFR’s report offers a detailed segmental analysis of
the market on the basis of design type, tier type, vertical, and region.
By design type, the market is sub-segmented into
electrical construction and mechanical construction. In turn, electrical
construction is sub-segmented into uninterruptible power supply (UPS), racked
Power Distribution Unit (PDU), generators, transfer switches, and others.
By tier type, the market is sub-segmented into tier1,
tier2, tier3, and tier4. Among these, Tier 4 is projected to be a dominating
segment throughout the forecast period. Tier 4 data centers are largely used in
enterprises with redundant and dual power instances of storage, network links,
and power cooling equipment.
By vertical, the market is sub-segmented into BFSI,
healthcare, IT & telecommunication, media & entertainment, oil and
energy, and public sector.
Access Full
Report at: https://www.marketresearchfuture.com/reports/data-center-construction-market-5809
Regional Outlook
North America led the data center construction market
in 2017 trailed by Europe, and Asia Pacific (APAC).
Sophisticated technology and increasing demand for
security, data storage, and faster operation are fueling the demand for data
center construction in the North America region. The United States (US),
Canada, and Mexico make huge investments for research and development of big
data and analytics requiring data centers to store and process the data. This
can compel the enterprises in North America to construct new data centers. The
US followed by Canada is the leading market in the region and has generated
total revenue of USD 2873.4 million in 2017, on the other hand, Canada is
predicted to grow at the fastest CAGR of 7.5% during the forecast period.
The report states that APAC is the fastest growing
market on account of presence of nations with high population, massive demand
for telecommunication applications, and a large number of IT & software
industries. In the region, China managed to generate the highest revenue of USD
1625.7 million in 2017 and is also projected to expand further with the fastest
CAGR of 11.8% during the forecast period.
The EU region has observed rising digitization in the
business world coupled with growing demand for highly resilient data management
services. These factors have resulted in augmentation of the data center
construction market in the region. The Europe region is a combination of
advanced technology and a high number of small and large enterprises, which
heavily drives the demand for data centers in various organizations.
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