The Data Center Construction is the combination of processes applied to physically develop a data center facility. It collectively includes construction standard data, which initially focuses on several factors such as- capacity, disaster tolerant and efficient design, to build up and construct a data center. The data center construction market is segmented on the basis of infrastructure (electrical or mechanical), by tire type, by size of data center and by end users or application type depending on the market growth.
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The Global Data Center Construction Market was projected to rise with a significant CAGR of $203.4 billion in 2020 and is projected to reach 308.7 billion by 2027, with a significant CAGR of 6.4% during the forecast period 2024-2031. The growth of the Global Data Center Construction Market is furnished by the market drivers which include- growing demand for social, mobile, analytics and cloud applications, rising adoption of hyper scale data centers and government initiatives to promote digital economy and connectivity infrastructure. There is an increasing need for data centers because of high adoption of cloud services, which is projected to drive the growth of the Global Data Center Construction Market.
The implementation of data centers in the healthcare sector, that is applicable with better agility in data management, server storage and unify networking will expand the growth of the market. Moreover, the major factor responsible to drive the market growth is the rise in the adoption of hyper scale data centers. To enhance the memory, computing ability, storage resources and the networking infrastructure in large enterprises, these hyper scale data centers are used to improve cooling efficiency and enhance the computing task in an efficient way. Additionally, the government initiatives play an important role in assembling a lucrative growth of data centers construction market by promoting digital economy and connectivity infrastructure. As the demand for connectivity infrastructure and digital economy increases, it will propel the demand for data centers, and hence, the market growth is projected to grow in this segment during the forecast period.
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Competitive Landscape- IBM Corporation, SAS Institute Inc., DPR Construction Inc., Fortis Construction Inc. and Turner Construction Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Data Center Construction Market Report Segment
By Infrastructure
- Electrical Infrastructure
- Mechanical Infrastructure
- General Construction
By Tier Type
- Tier-I and II
- Tier-III
- Tier-IV
By Size
- Small and Medium scale data center
- Large scale data center
By Application
- Banking, Financial services and Insurance
- IT and Telecommunication
- Government and Defence
- Healthcare
- Others
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