Data Center Construction Industry Size, Shares, Trends, Analysis and Forecast Global Market 2018-2025
Data Center Construction Industry Size, Share, Trend, Analysis and
Forecast Global Market 2018-2025
The global data center construction market accounted for US$ 43.7 Bn in 2017 and is expected to grow at a CAGR of 10.2% during the forecast period 2018 – 2025, to account for US$ 92.9 Bn in 2025. Data centers these days have become more of the strategic asset than a mere office back – support.
The global data center construction market accounted for US$ 43.7 Bn in 2017 and is expected to grow at a CAGR of 10.2% during the forecast period 2018 – 2025, to account for US$ 92.9 Bn in 2025. Data centers these days have become more of the strategic asset than a mere office back – support.
The historic bubble burst of
big data and artificial intelligence led to massive shift from on – premises
data centers to cloud – based database management systems. Presently there are
millions of data centers across the globe and the number is anticipated go
beyond the count of 8 million in the year 2017. Strategic events such as,
mergers and acquisitions in the field of data centers is a trend that’s on pace
to continue. With the burgeoning demand for robust and resilient data centers the
end users are focusing more upon the data center infrastructure, and therefore
the data center construction market is expanding vigorously across the globe.
Additionally, the data center RIETs are possessed to have impressive return on
investment as compared to other categories of funds that are accomplishing more
in single digits.
The growth of data center construction:
· Highly influenced by the partnership between government and
enterprises directed towards reduction of carbon footprints.
· Data center are now becoming a key assets contributing in the
enhancement of a country’s economy.
· Government all across the globe are supporting and offering
services for both local as well as global enterprises.
The data center construction market is broadly classified
into types of construction:
·
Tier standards
·
Industry verticals
·
Geography.
The segmentation has been
finalized post in-depth secondary research and extensive primary research.
Also, we have studied the market segments offered by major players in this
market, in order to understand widely used market-specific terminologies to
represent any particular segment. Thus, we have incorporated outputs of this
research and have come up with a final segmentation of the market.
North America is one of the prominent regions in data center construction equipment market which will contribute highest revenue globally due to technology developments and considerable application of data centers in different industry vertical segment. Rapidly growing economies in Asia-Pacific (APAC) with significant growth construction sector will pave the path for increasing adoption and propel the market for data center construction market. The APAC region is expected to lead the market with highest CAGR during the forecast period.
North America is one of the prominent regions in data center construction equipment market which will contribute highest revenue globally due to technology developments and considerable application of data centers in different industry vertical segment. Rapidly growing economies in Asia-Pacific (APAC) with significant growth construction sector will pave the path for increasing adoption and propel the market for data center construction market. The APAC region is expected to lead the market with highest CAGR during the forecast period.
Some of the major players identified across the general
construction segment are:
·
Whiting-Turner Contracting Co.
·
Holder Construction Co.
·
DPR Construction
·
Turner Construction Co.
·
AECOM.
Major players across electrical segment includes:
·
Schneider Electric SE
·
Hitachi Ltd.
·
Fujitsu.
The overall market size has
been derived using both primary and secondary source. The research process
begins with an exhaustive secondary research using internal and external sources
to obtain qualitative and quantitative information related to the market. Also,
primary interview were conducted with industry participants and commentators in
order to validate data and analysis. The participants who typically take part
in such a process include industry expert such as VPs, business development
managers, market intelligence managers and national sales managers, and
external consultant such as valuation experts, research analysts and key
opinion leaders specializing in the data center construction industry.
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