Market Overview Future Insights:
According to Market Research Future (MRFR), the size of the data center construction market is projected to increase between 2022 and 2030 at a CAGR of 13.51 per cent. Throughout the forecast period, demand is anticipated to rise due to the significant amount of data that is used each day and the quick development of data center infrastructure. The rapid increase in IoT device adoption rates may favorably impact market expansion. In the upcoming years, the market for data center construction is anticipated to experience expansion due to the demand for energy-efficient data centers. It is anticipated that this will encourage consumers to buy low-heat construction supplies. This trend is anticipated to be supported by the adoption of green practices like recycling garbage and using evaporative cooling.
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Data Center Construction Market Report Scope:
|Revenue Forecast in 2030:||USD 31.91 Billion|
|Growth Rate:||CAGR of 13.51% from 2022 to 2030|
|Forecast Period:||2022 -2030|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
The demand for data storage has increased globally as a result of the increasing use of connected devices, accessible internet access, and lowering internet service rates. This is a result of the rising demand for big data analytics and cloud-based services, such as online content, such as social media, apps, and videos. According to Cisco Systems, the amount of data centre traffic produced by the cloud accounted for 46% of all traffic and totalled around 1.2 zettabytes of data. Additionally, the business predicted that in 2017, data centre traffic would account for 69% of all data traffic or 5.3 zettabytes. Due to this, cloud-based businesses have expanded their IT infrastructure and data storage. To satisfy their cloud-related objectives, several businesses are investigating cloud products and discovering the advantages of data center services. These innovations are having a direct impact on the expansion of the Internet of Things (IoT) and the data requirements of businesses, which has led to the building of several data centers throughout the world. As a result, the growing amount of internet data generation is anticipated to fuel demand for their storage and create a variety of lucrative prospects for market participants in data center development in the years to come.
Design Type, Tier Type, and Verticals are the market segments used to segment the global data center construction market.
Electrical construction and mechanical construction are the two sub sectors under design type in the global data center building industry.
The development of data centers worldwide has been divided into four tier types: Tier 1, Tier 2, Tier 3, and Tier 4.
The BFSI, IT & Telecommunication, Media & Entertainment, Oil & Energy, and Public Sector vertical segments make up the worldwide data center construction market.
By Design Type:
By Tier Type:
The global data center construction market will be led by North America.
With a revenue share of more than 40.0% in 2019, North America topped the market for data center building, followed by Asia Pacific. The significant revenue share of North America can be linked to the region’s strong investment in hyperscale projects. The United States has a sophisticated economy and a network infrastructure that is both established and cutting-edge. Major cloud service providers like Amazon.com, Google, Inc., and Facebook call it home as well. These businesses are making investments in the construction of massive facilities to increase data processing and storage capacity, creating prospects for corporate expansion.
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The data center construction market leading key players are as follows:
Page Southerland Page (U.S.)
Holder Construction Group (U.S.)
Syska Hennessy Group (U.S.)
DPR Construction (U.S.)
Turner Construction Company (U.S.)
Arup Group (U.K.)
Structure Tone (U.S.)
Jones Engineering Group (Ireland)
HDR Architecture (U.S.)
Corgan Associates Inc. (U.S.)
About Market Research Future (MRFR):
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.