The latest report by IMARC Group, titled “Data Center Construction Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, offers a comprehensive analysis of the industry, which comprises insights on the global data center construction market report. The global market size reached US$ 51.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 80.7 Billion by 2028, exhibiting a growth rate (CAGR) of 8.7% during 2023-2028.
The data center construction sector refers to the professional sphere dedicated to the designing, planning, and construction of data centers. Data centers are specialized facilities designed to house computing resources such as servers, storage systems, and networking equipment and provide the necessary power, cooling, and security mechanisms. These sophisticated infrastructure setups are pivotal for organizations, offering a controlled environment for IT operations and critical data storage. It encompasses various elements, including construction design, physical security considerations, electrical and mechanical components such as power systems, cooling systems, fire suppression, and sophisticated redundant subsystems ensuring high availability. It is highly influenced by the growing reliance of businesses, governments, and consumers on digital data and services, which are served and stored in these facilities. The construction aspect also entails the reconfiguration, renovation, and upgrading of existing facilities to keep up with the evolving technological advancements and efficiency improvements. In recent years, the surge in data traffic, supported by rapid digital transformation across various industries, has escalated the demand for data centers, which in turn is driving the market for data center construction.
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Data Center Construction Market Trends and Drivers:
One of the key factors propelling the global data center construction market includes a significant increase in data traffic due to the surge in internet users, the growing popularity of cloud-based applications, and the advent of 5G technology. These influences contribute to a higher demand for more data centers, consequently fueling the growth of the market. Moreover, the rising adoption of cloud services among small, medium, and large enterprises has led to the construction of hyper-scale data centers, which are extremely large repositories for data storage and management. Along with this, the increasing reliance of numerous industries, such as banking, financial services and insurance (BFSI), healthcare, and retail, on digital data storage and processing is catalyzing the need for robust and reliable data centers. In addition, the growing focus on energy-efficient data center designs that utilize renewable energy and advanced cooling mechanisms is augmenting the demand for data center construction. This trend aims to curb the traditionally high energy consumption of data centers, aligning with global sustainability initiatives to reduce carbon emissions. Furthermore, the escalation of edge computing, where data needs to be processed closer to its source, is promoting the construction of ‘edge’ data centers. In line with this, the ongoing digital transformation, spurred by the sudden coronavirus (COVID-19) pandemic outbreak, has fueled the demand for data centers to support remote work and learning, thus stimulating market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Construction Type:
- Electrical Construction
- Mechanical Construction
Breakup by Data Center Type:
- Mid-Size Data Centers
- Enterprise Data Centers
- Large Data Centers
Breakup by Tier Standards:
- Tier I & II
- Tier III
- Tier IV
Breakup by Vertical:
- Public Sector
- Oil & Energy
- Media & Entertainment
- IT & Telecommunication
- Banking, Financial Services and Insurance (BFSI)
- Healthcare
- Retail
- Others
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Competitors Landscape with Key Players:
- AECOM
- DPR construction Inc.
- Eaton Corporation Inc.
- Fujitsu Limited
- Holder Construction Company
- Legrand SA
- Rittal GmbH & Co. KG
- Schneider Electric SE
- Tripp Lite
- Turner Construction
- Vertiv Group Corporation
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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