Global Data Center Construction Market Trends Industry Analysis, Size, Share, Growth, Trends and Forecast - forecast year 2025 (SARS-CoV-2, Covid-19 Analysis)
Global Data Center Construction Market
A new market study, titled “Global Data Center Construction Market ” has been featured on Market Research Future.
Increasing use of interconnected devices has increased the development of the infrastructure that can effectively support the data being generated from these devices. Market reports associated with the information and communication technology sector made accessible by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry. The market is estimated to earn revenues worth USD 29 billion by the end of the forecast period while growing at a CAGR of 7% approximately in the forecast period.
More Information@ https://www.marketresearchfuture.com/reports/data-center-construction-market-5809
The need for data centers is increasing at a rapid rate in the forecast period. Rising level of data in companies and growing adoption of Internet of Things is compelling the growth of the market for data center construction. Amplified demand for network operation centers, data centers, and disaster recovery is promoting the development of the market. The changing IT industry is significantly influencing the market growth along with connected cars and smart cities in the forecast period.
Segmental Analysis
The market for data center construction is segmented on the basis of type, component, and region. The component segment is segmented into data center design and engineering services, consulting services, and data center physical construction. Additionally, data center physical construction is sub-segmented into general construction, electrical construction, construction & installation management, and mechanical construction. The data center construction consulting services are sub-segmented into strategic data center planning, facility assessment, technology consulting, and security consulting. The data center design & engineering services are further sub-segmented into physical and technical security, infrastructure design and engineering, and commissioning planning. Moreover, the infrastructure design and engineering are sub-segmented into mechanical, physical, civil, and others. The type segment of the market comprises of Tier IV, Tier III, Tier II, and Tier I. The market covers regions such as North America, Asia Pacific, Europe, and Rest of the World.
Detailed Regional Analysis
The regional analysis of data center construction market covers regions such as Europe, Asia Pacific, North America, and the Rest of the World. The North American region is the leading the market due to the growing adoption of artificial intelligence which is increasing the market growth of data center construction. The European region is the next leading market is gaining impetus owing to the advanced cloud computing which is boosting the market’s growth. While, the Asia Pacific nations such as Japan, China, and India, are the emerging markets for data center construction, and it is anticipated to increase with the growing demand of data storage and will expand with the highest CAGR in the coming years.
Competitive Analysis
The successful integration of supply chain management is steadily increasing the development of the market. The critical success factors in the market are easily achieved in the market leading to an elevated pace of development in the forecast period. The innovation in products and services of the markets will modify the progression of development of the market substantially. The market appeal and competitors’ dynamics are markedly enhanced by the strategies that are being utilized by market players. The market is greatly lifted by the developments that are occurring in the market. The long-run viability of the market is highly dependent on the techniques and the strategic roadmaps that are engaged by market players. The amplified level of emphasis on the variation of products is increasing the number of customers in the market substantially.
The eminent competitors in the data center construction market are Arup Group (U.K), Page Southerland Page, Inc. (U.S.), AECOM (U.S.), Fluor Corporation (U.S.), Corgan (U.S.), HDR, Inc. (U.S.), Gensler (U.S.), Holder Construction Group (U.S.), Aceco TI (U.S.), Jacobs Engineering Group (U.S.), Syska Hennessy Group (U.S.), Structure Tone (U.S.), Jones Engineering Group (U.K), Turner Construction Company (U.S.) and among others.
Industry Updates:
July 2018 A group of European businesses have commenced construction on a prototype data center in north Sweden. The facility which is called Boden Type Data Center One plans to become one of the most effective and ecologically friendly data centers ever built and is anticipated to be functional by year-end. The project is part of EU’s Horizon 2020 initiative which involves a €77 billion research and innovation program for the period of 2014 to 2020, intended at safeguarding Europe’s global competitiveness, driving economic growth and generating jobs.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com