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Data Center Construction Market Report 2024: Strategies And Recent Developments | Google LLC, Amazon Web Services Inc., Microsoft Azure, The International Business Machines Corporation, Schneider Electric SE
Data Center Construction Market Trends
The Business Research Company offers in-depth market insights through Data Center Construction Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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%. The growth in the forecast period can be attributed to growth of the digital economy, expanding global data center, shift to cloud computing, growing demand for edge data centers, 5g rollout. Major trends in the forecast period include sustainability and green design, modular data centers, security and compliance, data center-as-a-service.
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Market Segmentation:
The main types of data center construction centers are small-scale data centers, medium-scale data centers and large-scale data centers. Small data centers are described as server storage spaces, rooms and regional information centers with less than 5,000 square feet of computing floor area. The various infrastructures are electrical infrastructure, networking infrastructure and others with power distribution and cooling. They are used in banking, financial services and insurance (BFSI), energy, government, healthcare, manufacturing, IT and telecom and others.
Data Center Construction Global Market Report 2023 provides data on the global data center construction market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors' revenues, profiles and market shares. The data center construction market report identifies opportunities and strategies based on market trends and leading competitors' approaches.
Major Driver - Rising Data Usage Fuels Growth In Data Center Construction Market
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. For instance, in November 2022, according to a legal technology survey report conducted by the American Bar Association, a US-based association of lawyers and law students, the overall cloud data usage climbed significantly from 60% in 2021 to 70% in 2022, with solo cloud users increasing from 52% to 84% in a year. Therefore, the surge in data usage in cloud computing is driving the data center construction market.
Competitive Landscape:
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.
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Top Trend - Leading Data Center Construction Companies Embrace Universal Data Hall Design (UDHD) To Enhance Technological Capabilities
Major players operating in the data center construction market are concentrating on the technological advancement of products by implementing innovations such as Universal Data Hall Design (UDHD) to improve their market share. Universal Data Hall Design (UDHD) ) is a data center design that includes typical colocation components while emphasizing flexibility and scalability. UDHD has a slab floor with perimeter cooling, making it suited for large full-hall high-performance computing (HPC) applications deployments. For instance, in August 2023, DataBank Holdings Ltd., a US-based provider of information management services, launched Universal Data Hall Design (UDHD), a new innovative approach for high-density data center construction to support high-performance computing (HPC). Universal Data Hall Design (UDHD) allows HPC by giving enterprises the flexibility to handle whatever deployment their workloads need.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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