Data Center Construction Market Trends and Growth Drivers 2023 | Arizton

The development of additional colocation and hyperscale data centers that can support processing Exabytes of data generated by both business and consumer users is fueling the growth of the data center construction market.

According to Arizton's recent report the data center construction market in Americas is expected to generate revenues of over $3.5 billion by 2023 and growing at a CAGR of approximately 5% during 2018-2023. The major operations in the American market are Virginia, Texas, California, New York, North Carolina, and Illinois. Equinix, Digital Realty (DuPont Fabros Technology), Facebook, CyrusOne, and Switch are the leading vendors in the market in Americas and are developing facilities in multiple locations spanning thousands of square feet area. The growing demand from various industry verticals such as BFSI and IT is propelling the growth of the data center construction market. The installation of efficient infrastructure and procurement of renewable energy sources for facilities in the global market. Stability in designs and sustainability standards are certified by organizations such as Uptime Institute and Green Grid in the American market.

Read an Exclusive Report On Data Center Construction Market in Americas
https://www.arizton.com/market-reports/data-center-construction-market-americas

North America Data Center Construction Market

The presence of construction contractors and sub-contractors, installation and commission service providers, physical security, architectural firms and physical security providers in the data center construction market in North America. Colocation service providers and hyperscale operators are the major contributors to the investment market in North America. The US contributes over 85% of the investment in the data center construction market in Americas. The growing popularity of edge computing and connected devices are major factors propelling the demand in the market in North America. The market in North America is projected to reach values of around $3.2 billion by 2023, growing at a CAGR of more than 4% during the forecast period. The operators are construction facilities equipped with 2N power infrastructure, and most of the facilities enable cooling through free-cooling solutions. The US and Canada are expected to grow at a significant rate in the American market over the next few years. Texas, Virginia, Illinois, Iowa, Toronto, and Montreal are the largest revenue contributors in the market in North America. Data center operators in North America are attracted toward regions that facilitate the use of free-cooling solutions, renewable source of energy, low-cost electricity, and tax incentives.

Read: Leading Market Segments in the Data Center Construction Market in America
https://www.arizton.com/news/press-release/data-center-construction-market-north-america

Latin America Data Center Construction Market

Latin America is witnessing growth in the modular data center construction and increasing wireline, and wireless traffic in the region is attributing to the growth of the data center construction market in Latin America. The growth cloud computing and colocation services as cloud computing increase the connectivity from service providers such as AWS, Microsoft, Google, Oracle, and IBM are augmenting the growth of the market. The market in Latin America comprises local building developers, installation and commissioning service providers, and architectural firms. Brazil, Chile, Colombia, Mexico, Argentina, and Peru are the major contributors in the market in Latin America. In 2017, Ascenty opened five data center facilities, and Angola Cables facility is likely to open its data center in Northeast Brazil in 2018. The increasing awareness toward end-to-end monitoring of data center infrastructure in Latin America is expected to gain traction during the forecast period. The data center construction market in Latin America is estimated to reach values of approximately $316 million by 2023, growing at a CAGR of around 11% during 2018-2023. The growing power consumption of facilities is prompting providers to adopt efficient infrastructure, reducing power consumption through monitoring and management of facilities via DCIM. The adoption of water and air-based cooling solutions that are used to cool down the heat generated in the rack levels is transforming the growth of the data center construction market in Latin America.

The leading vendors in the data center construction market in America are

Key Construction Contractors
Turner Construction
Holder Construction
DPR Construction
Jacobs Engineering
Corgan
AECOM
Syska Hennessy Group
Aceco TI
Key Physical Security and DCIM Providers
ABB
Assa Abloy
Bosch Security Systems (Robert Bosch)
Honeywell International
Nlyte Software
Schneider Electric
Siemens
SimplexGrinnell (Tyco International)
Sunbird Software
Vertiv

READ THE LATEST REPORT ON DATA CENTER CONSTRUCTION MARKET
https://www.arizton.com/market-reports/data-center-construction-market-americas

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This release was published on openPR.