Growth Opportunities : Forecast The Data Center Construction Market in the US Grow At a CAGR Of 6.34% By 2021
A data center is a centralized storehouse, physical or virtual, for remote storage, and processing of data and information. Data centers constitute the backbone of essential business operations. There is a significant amount of growth in enterprise applications worldwide because of the use of advanced technologies to gain a competitive advantage. Enterprises are focusing on the construction of green data centers to reduce power consumption and their impact on the environment. The construction of a data center includes design, architecture, installation of electrical and mechanical systems, as well as general construction services. Data center certifications have grown in importance, especially for colocation and managed hosting service providers, to attract customers.
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Technavios analysts forecast the data center construction market in the US to grow at a CAGR of 6.34% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the data center construction market in the US for 2017-2021. To calculate the market size, the report considers the revenue generated from the investments made in new data centers and the renovation of existing ones.
Technavio's report, Data Center Construction Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Holder Construction Group
Jacobs Engineering Group
Syska Hennessy Group
Page Southerland Page
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Other prominent vendors
Carlson Design Construct
Clune Construction Company
Hensel Phelps Construction
Integrated Design Group
JE Dunn Construction
Merrick & Company
Tax incentives for data centers and reduction in electricity cost.
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Rise in construction and installation costs.
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Increase in the purchase of renewable energy sources.
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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