Press release
Global Data Center Construction Market to Reach $360.41 Billion by 2029, Growing at 6.8% CAGR
Data Center Construction Market
With the rise in data utilization in cloud computing, the development of the data center construction market is anticipated to be boosted. Data utilization encompasses the volume of data uploaded or downloaded on a device. The escalating need for more data center spaces necessitates the growth of data center building businesses. For instance, the American Bar Association, a lawyer and law student association in the US, conducted a legal technology survey in November 2022 which indicated a substantial increase in total cloud data utilization, from 60% in 2021 to 70% in 2022. Solo cloud users also saw a considerable jump from 52% to 84% within a single year. Therefore, the growth of the data center construction market is fueled by the increasing data utilization in cloud computing. Data Center Construction Market Driver: Rising Requirement for Cloud Services Amplifies Data Center Construction Market Expansion
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How will the growth rate of the data center construction market shape industry trends by 2034?
The scale of the data center construction market has seen significant growth in the past few years. The market is projected to expand from a value of $260.49 billion in 2024 to reach $277.18 billion in 2025, representing a compound annual growth rate (CAGR) of 6.4%. This growth during the historic period was driven by an increased need for data storage and processing, heightened investment in digital infrastructure, rising globalization, and a surge in demand for colocation data centers.
The size of the data center construction market is poised for significant expansion in the upcoming years, expecting to reach $360.41 billion by 2029 with a compound annual growth rate (CAGR) of 6.8%. Factors propelling this progression during the forecasted period include the burgeoning digital economy, an increasing global data center footprint, the transition to cloud computing, surging need for edge data centers, and the deployment of 5G. Foremost trends predicted during this period encompass sustainability and eco-friendly designs, modular data centers, enhancement of security and compliance, along with the provision of data center-as-a-service.
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What trends are poised to drive the future success of the data center construction market?
Leading entities in the data center construction market are focusing on product technological enhancement through the infusion of innovations such as the Universal Data Hall Design (UDHD) to augment their market presence. The Universal Data Hall Design (UDHD) integrates common colocation elements, placing a premium on scalability and flexibility. With its slab floor and perimeter cooling, UDHD is well suited for extensive, full-hall high-performance computing (HPC) applications installations. For instance, in August 2023, DataBank Holdings Ltd., a US-based information management service provider, introduced the Universal Data Hall Design (UDHD), a fresh, innovative strategy for high-density data center creation to support high-performance computing (HPC). The Universal Data Hall Design (UDHD) facilitates HPC by granting enterprises the adaptability to manage any deployment required by their workloads.
Which primary segments of the data center construction market are driving growth and industry transformations?
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
Subsegments:
1) By Small-Scale Data Centers: Edge Data Centers, Micro Data Centers
2) By Medium-Scale Data Centers: Colocation Data Centers, Hybrid Data Centers
3) By Large-Scale Data Centers: Enterprise Data Centers, Hyperscale Data Centers
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Which geographical regions are pioneering growth in the data center construction market?
North America was the largest region in the data center construction market in 2024. The regions covered in data center construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the influential players reshaping the data center construction market landscape?
Major companies operating 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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What Is Covered In The Data Center Construction Global Market Report?
• Market Size Forecast: Examine the data center construction market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the data center construction market for a structured understanding.
• Key Players Overview: Analyze major players in the data center construction market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the data center construction market.
• Segment Contributions: Evaluate how different segments drive overall growth in the data center construction market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the data center construction market.
• Industry Challenges: Identify potential risks and obstacles affecting the data center construction market.
• Competitive Landscape: Review strategic developments in the data center construction market, including expansions, agreements, and new product launches.
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