Data Center Construction Market Overview
The Data Center Construction Market research report study discusses about market dynamics like drivers, opportunities, restrictions, and challenges. In addition, the report also describes new and developing patterns and their influence on current and future market dynamics. The Data Center Construction Market research report provides information about market penetration that offers thorough data on the market offered by the main market players. It also offers analysis and awareness and analysis about different factors during the projected period.
Data Center Construction Market, By Data Center Type (Small, Medium, Large), By Infrastructure (Electrical, Mechanical, Networking), By End use (BFSI, Energy, Government, Healthcare, IT & Telecommunication, Manufacturing) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
The global Data Center Construction Market size was estimated at USD 201 billion in 2023 and is projected to reach USD 343.29 billion in 2030 at a CAGR of 6.92% during the forecast period 2023-2030.
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Data center construction is the process of designing, building, and maintaining a physical system that includes computers, servers, storage devices, network equipment, UPS, and other systems needed for data storage, processing & distribution. A data center is a central hub that provides control to ensure the stable operation of IT infrastructure and critical services.
The growth of the data center construction market is being propelled by the rise in data consumption and the demand for cloud computing from enterprises. In 2021, the market for data center construction is expected to be revitalized by the gradual resumption of construction activities for various data center facilities, which were temporarily halted due to the lockdown measures imposed worldwide in response to the COVID-19 pandemic. Additionally, the initiation of new IT projects is set to contribute to the revival of this market. Furthermore, continuous investments in the construction of hyperscale facilities, which accommodate IT infrastructure, cooling equipment, and power equipment, are also anticipated in this market.
The data center construction market in 2020 was significantly affected by the COVID-19 pandemic, with various markets experiencing its impact. The construction industry, in particular, faced hindrances due to the pandemic, resulting in project timeline delays and disruptions in the supply chain. The implementation of travel restrictions, lockdown measures, and safety protocols has had a profound effect on the availability of construction materials and labor, thereby presenting logistical challenges and causing delays in the execution of data center construction projects.
Delvens Industry Expert's Standpoint
The pandemic had a considerable impact on businesses globally, with nations like India and China bearing the brunt of the virus's outbreak. The surge in the desire for cloud services will propel market expansion throughout the projected period. The swift embrace of cloud computing by diverse industries is augmenting the demand for data centers. Cloud service providers necessitate resilient and capacious data center infrastructure for the purpose of hosting and delivering their services. The demand for hyperscale data centers and colocation data centers persists in its growth as more organizations resort to cloud solutions. Cloud computing empowers enterprises to proportionally adjust their IT infrastructure in accordance with the evolving requirements. Organizations can also effortlessly expand or contract their computing resources as necessitated. In order to bolster the aforementioned efficacy, cloud service providers require data centers that possess the flexibility to adapt to cloud applications and services. These factors have led to the expansion of the market and increased demand for Data Center Construction solutions.
Data Center Construction Market Key Findings
· The data center type segment is further fragmented into small data center, medium data center, and large data center. The arge data center segment is expected to account for a larger market size during the forecast period. The increasing data across industries, driven by digitization, IoT devices, artificial intelligence, and big data analytics, has led to the need for data centers. Organizations need an efficient infrastructure with high storage and performance to effectively process & analyze data.
· The infrastructure segment is further bifurcated into electrical infrastructure, mechanical infrastructure, networking infrastructure, others. The mechanical infrastructure is the largest market during the forecast period. The mechanical infrastructure segment is a critical component in data center construction and refers to systems & equipment responsible for the cooling, power distribution, and ventilation in data center facilities. The need for increased energy and storage capacities has led to a surge in data center blackouts.
· The End-Use segment is further bifurcated into BFSI, energy, government, healthcare, manufacturing, IT & telecom, and others. IT & telecommunication to account for a larger market size during the forecast period. Large enterprises gather customer and market data to help improve experiences and drive business growth. Most organizations are adopting Data Center Construction solutions to provide better navigation and tracking ability to track people and objects indoors and outdoors. The Data Center Construction market is undergoing significant technological transitions, such as collaboration with social media, real-time solutions, and the usage of mobile devices.
· The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America is estimated to account for the largest market share during the forecast period. In North America, Technological development and focus on innovation in the region will increase the demand for data centers.
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Data Center Construction Market Regional Analysis
North America to Dominate the Market
· North America is estimated to account for the largest market share during the forecast period. In North America, Technological development and focus on innovation in the region will increase the demand for data centers.
· Moreover, the adoption of cloud computing and digital transformation is important in North America.
Data Center Construction Market Competitive Landscape
· AECOM Ltd.
· Cap Ingelec
· Clune Construction Company, L.P.
· CyrusOne Inc.
· DPR Construction Inc.
· Fortis Construction Inc.
· Gilbane Building Company Inc.
· Hensel Phelps Construction Co. Inc.
· HITT Contracting Inc.
· IBM Corporation
· Jacobs
· JE Dunn Construction Group Inc.
· MA Mortenson Company Inc.
· Nabholz Corporation
· NTT Global Data Centers
· SAS Institute Inc.
· Skanska
· Structure Tone Organization
· The Boldt Company
· Turner Construction Co.
Recent Developments in the Data Center Construction Market
· In October 2022, Kuko's group K2 partnered with Sinar Mas to construct, develop and operate hyperscale data centers in Indonesia. The JV's first development, K2 Data Centre Jakarta 1 Campus, comprises four data center facilities in Bekasi Regency, Greater Jakarta, and delivers 58.8 MW of IT capacity at full build-out. The first phase is planned to be in service in early 2024.
· In July 2022, L&T Construction’s Buildings & Factories business bagged a contract from renowned data center service providers to construct data centers with a total capacity of 10.8 MW in Mumbai and Navi Mumbai.
Reasons to Acquire Data Center Construction Market Report
· Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
· Gain authentic and granular data access for the Data Center Construction Market to understand the trends and the factors involved in changing market situations.
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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Frequently Asked Questions
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Data Center Construction MarketThe global data center construction market is estimated to demonstrate 9.04% CAGR during the forecast period (2018–2023) owing to the emergence of data center facilities, asserts Market Research Future (MRFR).
Data center can be referred to as a group of networked computer servers which are generally used by the organizations for processing, remote storage, and distribution of a large amount of data.
Data center construction incorporates a collection of processes which is used for constructing data centers.
Data center construction also provides several benefits such as high-speed data transfer, low latency, and work in near real time.
Moreover, with the advancements in technology along with software applications, the market is estimated to expand in the coming years.
The finance & banking sector is considered one of the largest generators of data.
