Global data center construction market is expected to grow from US$ 33,871.5 million in 2016 to US$ 68,953.8 million by 2022 at a CAGR of 9.5% between 2017 and 2022.
With the use of more and more connected devices and easy access to internet coupled with decreasing cost of internet services, the demand for data storage is increasing worldwide. This is due to increasing demand for big data analytics and cloud-based services, such as online contents including movies, apps, videos and social media. The proportion of data center traffic generated by cloud was around 1.2 zettabytes of data, according to Cisco Systems, and this comprised of 46% of the total traffic. Furthermore, the company estimates that in the year 2017, this data center traffic will increase to 69% or 5.3 zettabytes of all data traffic. This has resulted in cloud-based companies to deploy more IT space in their data centers. Several industries are exploring the cloud offerings and discovering the benefits of data center services to support their needs related to cloud. These developments are directly effecting the increase in Internet of Things (IoT) and data needs of the companies, thereby resulting in the construction of large number of data centers across the globe.
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The data center construction market report focuses on an in-depth segmentation of this market based by type of construction, tier standards and industry verticals. The geographic segmentation of the data center construction market report covers six major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By Industry verticals, technology industry accounted for the largest share of the data center construction market in 2016; whereas, APAC region is expected to grow at the highest CAGR during the forecast period.
The report aims to provide an overview of global data center construction market with detailed market segmentation. Also, it analyzes the current data center construction market scenario and forecasts the market till 2022. The data center construction market report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provides PEST analysis and SWOT analysis for all company profiled in the data center construction market report.
Asia Pacific region comprises of majority of developing economies and also consist of largest numbers of users still yet to join internet. This presents fortunate opportunities for leading social media players and internet based service providers to reap benefits of the untapped market. With proliferation of cheap smart phone and tablets and increasing penetration of computing devices in business and households, the region presents highest growing user base seeking internet based services. Thus, strong growth of internet connected users coupled with good economic growth in the region are the factors luring the enterprise and cloud service providers to establish servers in proximity to the users enabling them to access data with reduced latency and reaction time. The region is expected to lead the market with highest CAGR during the forecast period.
Some of the key players of data center construction market include
- AECOM Inc.
- DRP Construction
- Fujitsu ltd.
- Hitachi Ltd.
- Schneider Electric SE
- Holder Construction Group, LLC
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