The latest market report published by Credence Research, Inc. “Global Data Center Construction Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global Data Center Construction market is anticipated to grow at a substantial CAGR of 7.80% in the upcoming years. The global Data Center Construction industry was estimated to be worth USD 215.56 billion in 2022 and was expected to be worth USD 364.66 billion by 2028.
Data Center Construction Market opportunities are vast and promising, with a growing demand for digital storage solutions that can keep up with technological advancements. The exponential increase in data generation has led to an urgent need for more efficient and sustainable data centers across the globe. With cloud computing on the rise and the adoption of artificial intelligence (AI) and Internet of Things (IoT), companies must invest in robust infrastructure to manage enormous amounts of data securely. This market presents significant growth prospects for construction firms specializing in designing, building, renovating, or retrofitting data centers.
The Server segment accounted for the largest share in 2022, driven by the increasing adoption of emerging technologies such as artificial intelligence and edge computing.
The Cooling segment held a prominent share, attributed to the demand for effective cooling machinery to maintain ideal temperatures and humidity levels in data centers.
The Miscellaneous Expenses segment captured the largest share, encompassing costs related to security infrastructure, property, and construction.
The tier 3 segment dominated the market, driven by the increased redundancy requirements across data centers.
The IT and telecom segment dominated the market due to the proliferation of smartphones and the rise in active internet users globally.
In 2022, North America held a prominent share in the global Data Center Construction market.
The concentration of major tech businesses and industry titans in the United States, coupled with the need for robust data center infrastructure, contributed to the region’s dominant position.
Germany was anticipated to hold a prominent share in the global Data Center Construction market.
Germany’s well-established technological ecosystem, history of innovation, and presence of major tech companies propelled its position in the market.
China also captured a significant share due to its well-developed telecommunications infrastructure, reliable power supply, and strong network infrastructure.
The impending recession may impact data center construction as businesses reduce infrastructure investments to cut costs.
However, the rising demand for data processing and storage, driven by digital operations, may somewhat offset the effects.
The competitive landscape of the Data Center Construction industry highlights economic profitability, sales, revenues, market share, product introductions, and opportunities.
Notable players in the market include Acer Inc., Cisco Systems, Inc., Dell Inc., Fujitsu, Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., IBM, Lenovo, Oracle, and more.
The rapid growth of cloud computing fuels the surge in data center construction.
Modular data centers gain popularity due to scalability, flexibility, and cost-efficiency.
Environmental sustainability becomes a significant consideration in data center construction.
Collaboration with Stakeholders:
IT companies collaborate with data center developers to design and construct state-of-the-art facilities.
These collaborations leverage IT expertise and construction knowledge to optimize data center infrastructure.
Market players focus on expanding production capacities for the IT industry.
Strategic mergers, acquisitions, and collaborations are undertaken to gain a competitive edge.
Microsoft’s partnerships with local communities and governments streamline data center construction projects.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global Data Center Construction Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
- The report includes information on the competitive landscape, such as how the market’s top competitors operate at the global, regional, and country levels.
- In-depth analysis of the global market segmentation on the By Miscellaneous Expenses Outlook Outlook and By Tier Type Outlook
- Major nations in each region with their import/export statistics
- The global Data Center Construction Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
Browse Full Report: https://www.credenceresearch.com/report/data-center-construction-market
Related Report: https://www.credenceresearch.com/report/asphalt-shingles-market