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Data Center Construction Market SWOT Analysis, Key Players, By Type, By Nature, Forecast To 2033
Data Center Construction Market
Data Center Construction Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $364.67 billion In 2028 At A CAGR Of 7.8% :
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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Data Center Construction Market Major Segments
The data center construction market covered in this report 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
Key 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.
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Prominent 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.
Data Center Construction Market Players
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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Largest And Fastest Growing Region In The Market
North America was the largest region in the data center construction market in 2023. The regions covered in data center construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Data Center Construction Market Report Structure
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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