Data Center Construction Market worth USD 89,961.1 million by 2027 at a CAGR of 8.4% - Exclusive Report by The Insight Partners

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. 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.

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. Presently there are millions of data centers across the globe and the number is anticipated go beyond the count of 8 million in the year 2017. Furthermore, strategic events such as, mergers and acquisitions in the field of data centers is a trend that's on pace to continue.

Get Sample Copy of this Report at - https://www.theinsightpartners.com/sample/TIPTE100000432/?utm_source=OpenPR&utm_medium=10188

Data Center Construction Market: Competitive Landscape and Key Developments
Some of the leading warehouse management system market players are Canon Inc., eFileCabinet, Hyland Software, IBM Corporation, M-Files Corporation, Newgen Software Technologies Limited, OpenText Corporation, Oracle Corporation, The Ricoh Company, Ltd., Xerox Holdings Corporation

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 exponential growth in the cloud computing has resulted in generated robust demand for data centers. Since the emergence of massive hyper-scale contracts for wholesale data centers during early 2016, it has been predicted that the trend would further drive the data center construction market. Furthermore, the hyper-scale internet enterprises, which also comprise some of the major cloud computing platforms, in the first quarter of 2018 had invested ~ US$ 27 Bn in CapEX. In the year 2018, several tech giants expanded/re-architected their data centers in order to meet their data storage and processing needs. For instance, DropBox had re-furbished its cloud in order to utilize higher-density storage.

Inquire before Buying at -https://www.theinsightpartners.com/discount/TIPTE100000432/?utm_source=OpenPR&utm_medium=10188

Key findings of the study:

From a growth perspective, the Asia-Pacific region is anticipated to witness a lucrative CAGR growth rate of 10.2% during the forecast period
Based on tier standard, the tier 3 data center is projected to witness significant lucrative profitable opportunities with projected CAGR growth rate of 8.2%
Based on industry vertical, the telecom, media & entertainment segment is projected to grow with a CAGR of 8.9%

Data Center Construction Market - by Types of Construction

• General Construction
• Electrical Design
• Mechanical Design

Data Center Construction Market - by Tier Standards

• Tier 1 and Tier 2
• Tier 3
• Tier 4

Data Center Construction Market - by Industry Verticals

• BFSI
• Telecom Media & Entertainment
• Technology
• Healthcare
• Government
• Retail

India's massive population base coupled with various government-led digital initiatives are likely to boost growth in the public cloud services market. The second largest country by mobile internet users, India's internet economy is projected to double by 2020. Rising adoption of modular data center is one of trend identified in the country. Increasing energy cost and less energy consumption by modular data centers is the key factor influencing the adoption of modular data center in India.

Directly Purchase Premium Copy of Data Center Construction Market Growth Report - https://www.theinsightpartners.com/buy/TIPTE100000432/?utm_source=OpenPR&utm_medium=10188

Contact Us:

If you have any queries about this report or if you would like further information, please
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.