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Data Center Construction Global Market Worth $364.67 Billion at a CAGR of 7.8% By 2028 | Key Players: Google LLC, Amazon Web Services Inc., Microsoft Azure, Schneider Electric SE, Meta Platforms Inc.
Data Center Construction Market
The Business Research Company's Data Center Construction Global Market Report 2023 identifies the surge in data usage in cloud computing is expected to propel the growth of the data center construction market in the coming future. Data usage refers to the amount of data uploaded or downloaded using data on a device. This necessitates the construction of a data center building business to build more data center spaces.
The data center construction market size has grown strongly in recent years. It will grow from $250.4 billion in 2023 to $270.07 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to growing demand for data storage and processing, rising investments in digital infrastructure, globalization, demand for colocation data centers. The data center construction market size is expected to see strong growth in the next few years. It will grow to $364.67 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.
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Major players in the data center construction market are Google LLC, Amazon Web Services Inc., Microsoft Azure, The International Business Machines Corporation, Schneider Electric SE, Meta Platforms Inc., NTT Ltd., Turner Construction Co, STO Building Group Inc., Equinix Inc., DPR Construction Inc., Iron Mountain Inc., Digital Realty Trust Inc., Stantec Inc., SAS Institute Inc., Zayo Group Holdings Inc., Gensler, CyrusOne LLC, Hensel Phelps Construction Co., Cyxtera Technologies LLC, Fortis Construction Inc., QTS Realty Trust Inc., HITT Contracting Inc., TierPoint LLC, Sabey Data Center Properties LLC, Flexential Corp., Holder Construction Group LLC, Cologix Inc., Alfa Tech Consulting Engineers Inc., ipSpace.net AG.
Supply chain disruptions act as a challenge for the market's growth during the forecast period. This is due to the fact that the construction of data centers requires a complex supply chain involving various components and materials, and any disruptions in the supply chain can lead to delays and increased costs.
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The Data Center Construction market is segmented -
1) By Data Center Type: Small-Scale Data Centers, Medium-Scale Data Centers, Large-Scale Data Centers
2) By Infrastructure: Electrical Infrastructure, Networking Infrastructure, Other Infrastructures
3) By Power Distribution And Cooling Infrastructure: Power Distribution, Cooling
4) By End-Use: Banking, Financial Services and Insurance (BFSI), Energy, Government, Healthcare, Manufacturing, IT And Telecom, Others End-Uses
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Data Center Construction market.
The Business Research Company's "Global Data Center Construction Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Data Center Construction Market Include:
1. Executive Summary
2. Data Center Construction Market Characteristics
3. Data Center Construction Market Trends And Strategies
4. Data Center Construction Market - Macro Economic Scenario
5. Data Center Construction Market Size And Growth
……
27. Data Center Construction Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Data Center Construction Market
29. Data Center Construction Market Future Outlook and Potential Analysis
30. Appendix
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