Tier 3 Data Center and Tier 4 Data Center to Witness High Growth in Revenue by 2022

Tier 3 data center market will grow steadily in terms of revenue but its growth rate is expected to fluctuate.

Tier 4 data center market growth rate, will be high in 2016-2017, and will start falling after 2017.

A recent report released on Global Data Center Construction Market – Strategic Assessment and Forecast 2017-2022 has brought some interesting facts about the worldwide data center construction market.

“Construction of Tier 3 and Tier 4 data center will witness a high growth in revenue by 2022” says the analyst at Beige Market Intelligence. The report which contains the in-depth analysis of each segments of the data center construction market says that “Growing construction of Tier 3 data centers and Tier 4 data centers are going to drive the global market.”

For more information click here: http://www.beigemarketintelligence.com/reports/research-report-ict-market/data-center-construction-market-report-2022/

The world is moving toward the adoption of M2M and connected world, where everything is connected to the internet. Moreover, the requirement of storing data in a single location is growing. This has led to the demand for optimally sized data centers among enterprises to manage capacity and real-time computing requirements for enhancing their business capabilities. Therefore, the construction of tier 3 and tier 4 data centers in several locations to store data has been increasing. For instance, for handling the APAC data traffic and efficient use of applications, Google has established a tier 4 data center in Singapore, and later announced in 2016 to expand it to double the present size.

Data centers are classified as Tier 1 data centers, Tier 2 data centers, Tier 3 data centers, and Tier 4 data centers. Level of service offered by data center facilities can be identified based on a tier system. The four tier levels were developed by the Uptime Institute, which also carries out tier classification. This helps to identify whether a constructed data center facility satisfies the business requirements of an organization.

Construction of Tier 3 data center and Tier 4 data center will witness a high growth in revenue and y-o-y growth rate in 2016-2018, then a state of saturation in which revenue growth will be moderate and there will be sharp decline in growth rate.

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Tier 3 data centers are concurrently maintainable data centers that possess redundant capacity components and multiple distribution paths, with one serving at a time. The Tier 3 data center market will grow steadily in terms of revenue during the forecast period, but its growth rate is expected to fluctuate depending on new data center projects demand.

Tier 4 data centers are fault tolerant with multiple physically isolated systems, with each comprising redundant capacity components and distribution paths to simultaneously serve the IT equipment. Rapid growth in data center construction of Tier 4 standard is expected during the period 2016-2018. New construction facilities will encompass the design of innovative products, which can be used to reduce power consumption in data centers to achieve a PUE rating of around 1-1.5. The growth rate, will be high in 2016-2017, and will start falling after 2017. Decline in growth rate is due to the decline in average cost of construction per square feet of tier 4 data centers.

Further the report provides detailed description of the market size and market growth forecast for all the tier standards and includes a comprehensive study of all the construction types such as General construction, Electrical construction and Mechanical construction.  The report outlines the major market share holder in global market and the market size analysis of all the regions and profiles the major as well as other vendors in the market.

Source: http://www.beigemarketintelligence.com/news/press-releases/tier-3-data-center-and-tier-4-data-center-to-witness-high-growth-in-revenue-by-2022/

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This release was published on openPR.