Data Center Market in US is Likely to Worth $10 Billion by 2023 | Arizton

The deployment of hyperscale facilities powered by renewable energy sources will help reduce environmental pollution and transform the data center market in US.

Arizton’s recent market research report on the data center market in US provides comprehensive industry analysis, trend forecasts, and competitive analysis. The research study segments the market by electrical infrastructure (UPS systems, generators, transfer switches & switchgear, rack PDU, and other electrical infrastructure), by mechanical infrastructure (cooling systems, rack, and other infrastructure), by general construction (building development, installation and commissioning services, building design, physical security, and DCIM), tier standards (Tier 1 & Tier 2, Tier 3, and Tier 4), by regions (South Eastern US, South Western US, Mid-Western US, Western US, and North Eastern US), and offers detailed competitive analysis.

The data center market in US is projected to reach revenues of around $10 billion by 2023 and is estimated to grow at a CAGR of approximately 5% during the forecast period. The rising development of additional data centers that can support processing exabytes of data generated by both business and consumer users is propelling the growth of the US market.

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The top 3 drivers and trends augmenting the growth of the data center market in US are discussed below:

Growing Customer Base for Colocation Providers and Managed Service Providers

The growing demand for colocation, managed services, interconnection, and cloud connectivity solutions is propelling the growth of the data center market in US. The demand for colocation spaces in the US is primarily driven by sectors such as BFSI, cloud service providers, media and entertainment, and government agencies. Some of the major colocation investors in the US market are Equinix, Digital Realty (DuPont Fabros Technology), DataBank, CloudHQ, Switch, CyrusOne, RangingWire (NTT), CoreSite, T5 Data Centers, and TierPoint. The colocation providers in the US are major revenue generators, investing in mega data center facilities spanning hundreds of acres of land in the market. The growth of the secondary markets that are meeting the growing demand for edge computing will boost the growth of the data center market in US. New projects of about 8 million square feet facilities space and consumption of 900MW of power capacity in the US market was estimated in 2017.

Tax Incentives and Availability of Resources

Various state and local governments are providing investment, job creation, and sales tax incentives to attract operators in the US market. The availability of resources and tax incentives offered are some of the factors that are propelling the development of the data center market in US. The tax breaks yield savings of several million dollars for operators encouraging them to deploy more facilities in these regions. The states in US that offer profitable tax incentives specific to data center include major locations such as Virginia, North Carolina, Alabama, Arizona, and Nebraska. These incentives help improve the local economy, aid in the site selection process, creates construction jobs, and provides additional benefits to local sub-contracts. The varied availability of resources such as renewable energy source, reliable power, water for cooling, and fiber connectivity are factors that help attract operators in specific regions in the US market. These benefits will service as an aid for both the local economy and operators in the data center market in US during the forecast period.

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Increase in Adoption of Automation and Monitoring Solutions

The implementation of end-to-end monitoring and automation solution will transform the data center market in US. These automation solutions identify maintenance requirement of infrastructure to avoid operational failures and provide uninterrupted power supply during outages. The adoption of these monitoring and automation solutions will reduce power costs by about 15% and result in 40% savings of power consumption by cooling systems. The growing need for DCIM solutions in facilities across the US market will reduce power consumption and reduce carbon emissions in the US market. Schneider Electric’s StruxureWare, Siemens Datacenter Clarity LC, Nylte Software, Sunbird (dcTrack), Vertiv’s Trellis, and ABB Ability are leading infrastructure providers offering automation platforms for data center market in US. The adoption of DCIM solutions in modern data centers to reduce power wastage is expected to trend in the US market over the next few years.

The leading vendors in the data center market in US are ABB, Airedale Air Conditioning, Eaton, GE, Schneider Electric, STULZ, Vertiv, Turner Construction, Holder Construction, DPR Construction, Jacobs Engineering Group, Corgan, AECOM, Syska Hennessy Group, Equinix, Digital Realty and DuPont Fabros Technology, CyrusOne, Facebook, and Switch.

The complete overview of the latest market research report on data center market in US by Arizton is now available.

The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.

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