Data Center Construction Market worth US$ 89,961.1 million, globally, by 2027 at 8.4% CAGR - Exclusive Report by the Insight Partners

The Insight Partners Published latest research study on "Data Center Construction Market Forecast to 2027 - Global Analysis and Forecasts by Types of Construction (General Construction, Electrical Design, and Mechanical Design); By Tier Standards (Tier 1 and Tier 2, Tier 3, and Tier 4); and By Industry Verticals (BFSI, Government, Education, Manufacturing, Retail, Transportation, Media & Entertainment, Others) The data center construction market was valued at US$ 47,079.1 million in 2019 and is projected to reach US$ 89,961.1 million by 2027. The Data center construction market is expected to grow at a CAGR of 8.4% during the forecast period of 2020 to 2027.

Data centers these days have become more of the strategic asset than a mere office back - support. The historic bubble burst of big data and artificial intelligence led to massive shift from on - premises data centers to cloud - based database management systems. With the burgeoning demand for robust and resilient data centers the end users are focusing more upon the data center infrastructure, and therefore the data center construction market is expanding vigorously across the globe. Additionally, the data center RIETs are possessed to have impressive return on investment as compared to other categories of funds that are accomplishing more in single digits.
The growth of data center construction is also highly influenced by the partnership between government and enterprises directed towards reduction of carbon footprints. Data center are now becoming a key assets contributing in the enhancement of a country's economy and thus, government all across the globe are supporting and offering services for both local as well as global enterprises. Rising popularity of standardization and modularization of large data center might lead to re - examination of typical data center in order to ensure adequate power and cooling provisions. Security of database management center will continue to remain the gravity center of data center construction planning and implementation. Additionally, the data center RIETs are possessed to have impressive return on investment as compared to other categories of funds that are accomplishing more in single digits.

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Emergence of distributed IT and edge computing saw an increase in the number of data center being used

Exponential growth in the data as a result of digital transformation has led to increased demand for edge computing. This rise in the edge computing has further resulted in rapid growth in the array of smaller data centers that are built closer to the population centers. As the edge computing processes, data and services in closer proximity of the end-user, its demand in a smaller emerging market are projected to grow significantly. The Tier-II and Tier-III markets have given rise to the entirely novel category of data centers (edge-data centers). The smaller data centers are characterized to have relatively low well-funded competitors than Tier I markets and have a low barrier to entry, particularly to those high-quality data centers offering colocation. This enables them to gain the stand in market quickly.

Types of Construction -Based Market Insights
Data center construction by types of construction is categorized into electrical design, mechanical design and general construction. Regardless of the tier level and size, the basic characteristics required to ensure smooth functioning of business is similar for each data center. The redundancy level required is one of the crucial factor which determines the cost of data center and is therefore responsible for the revenue share for each of the sub-segment. For instance, surge in redundancy increases the demand for additional back-up power supply in a way increasing the cost contribution of electrical design sub-segment for a data center. This at the same time requires additional cooling equipment on order to ensure proper functioning of electrical equipment.

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Players operating in the Data center construction market focus on strategies, such as market initiatives, acquisitions, and product launches, to maintain their positions in the data center construction market. A few developments by key players of the data center construction market are:

In December 2019, Fujitsu Announced Next Generation Quantum-Inspired Digital Annealer Service. With this new service, servers are supporting the second generation of Digital Annealer technology which are installed across customer datacenter.

In April 2018, The data center is built to gratify Merck's design and performance-based certification process to produce ENERGY STAR data center. ENERGY STAR sis the first licensed data center for Merck with the collaboration of DPR, and Gensler and CCG.

Data Center Construction Market-Company Profiles
• Dpr construction, Inc.
• Fujitsu Limited
• AECOM
• Holder Construction company
• Rittal GmbH & Co. KG
• Tripp Lite
• Turner Construction
• The Whiting-Turner Contracting Company
• Schneider Electric SE
• Hitachi Vantara Corporation.

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