The latest report by IMARC Group, titled “Data Center Construction Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the global data center construction market report. The global market size reached US$ 51.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 80.7 Billion by 2028, exhibiting a growth rate (CAGR) of 8.7% during 2023-2028.
Data center construction refers to the meticulous process of planning, designing, and building facilities dedicated to housing computer systems, networking equipment, and associated components. These specialized structures serve as the nerve centers of the digital age, where critical data processing, storage, and management take place. They are engineered to provide a secure and controlled environment to ensure the uninterrupted operation of servers and networking gear. They also feature advanced cooling systems, power redundancy, and robust security measures. As businesses increasingly rely on digital processes and cloud computing, the demand for data centers has surged. In recent years, data center construction and expansion have become pivotal in sustaining the ever-growing volume of digital information.
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Data Center Construction Market Trends and Drivers:
The global data center construction market is primarily driven by the rapid growth of data-driven technologies and cloud computing. Businesses across diverse sectors seek to harness the advantages of data analytics and real-time processing, intensifying the need for robust, state-of-the-art data centers. Additionally, sustainability has emerged as a paramount concern in data center construction. Green initiatives and energy-efficient designs are gaining traction as companies recognize the environmental impact of data center operations. In line with this, the shift toward eco-friendly construction materials and energy-efficient cooling systems, aligning with global efforts to reduce carbon footprints, is fueling the market growth. Furthermore, the ongoing evolution of edge computing, which brings data processing closer to end-users, is reshaping data center construction strategies. Along with this, smaller and strategically located data centers are becoming increasingly relevant to meet the demands of latency-sensitive applications, such as autonomous vehicles and augmented reality, thus propelling market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Construction Type:
- Electrical Construction
- Mechanical Construction
Breakup by Data Center Type:
- Mid-Size Data Centers
- Enterprise Data Centers
- Large Data Centers
Breakup by Tier Standards:
- Tier I & II
- Tier III
- Tier IV
Breakup by Vertical:
- Public Sector
- Oil & Energy
- Media & Entertainment
- IT & Telecommunication
- Banking, Financial Services and Insurance (BFSI)
- Healthcare
- Retail
- Others
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Competitive Landscape with Key Players:
- AECOM
- DPR construction Inc.
- Eaton Corporation Inc.
- Fujitsu Limited
- Holder Construction Company
- Legrand SA
- Rittal GmbH & Co. KG
- Schneider Electric SE
- Tripp Lite
- Turner Construction
- Vertiv Group Corporation
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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