Data Center Construction Market size was valued at US$ 234.57 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 6.4% from 2022 to 2029, reaching nearly US$ 385.30 Bn.
A global market research and intelligence report on Data Center Construction has been released by The Maximize Market Research. Developing countries in the APAC area, including India, Malaysia, and Malaysia, are creating more market potential for orange extract. For the major companies in the sector, Bangladesh and Vietnam present profitable potential. The 34 nations that are supposedly desirable travel destinations for industrial stakeholders are covered by the report from around the world. The primary actors chosen for profiling and benchmarking are chosen based on their geographical dominance, global reach, and likely investment criteria.
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Data Center Construction Market Overview:
In-depth analysis of statistics on current and emerging trends sheds light on the dynamics of the Data Center Construction Market. The paper discusses Porter's five forces in order to assess the significance of numerous elements, such as dangers posed by diverse agents, competitive strength, and promising young businessmen to comprehend a resource. The research did a micro level analysis of each country to establish the total market size by countries and segments. Using a bottom-up approach, the size of the regional and global markets is estimated. It is feasible to ascertain the contribution of the unorganised market to the size of the overall market by performing a micro level analysis of each country. Interviews with influential businessperson in the area are then used to confirm the findings. This study is unique and an investor's guide due to the SWOT analysis of each player, PESTLE analysis, and Porter's analysis benchmarking of major players on several metrics. Each player's supply and consumption data is derived from official government sources, third-party databases, and, in the case of listed companies, annual reports. If a company's annual reports are not made public, it is possible to request them through the tax division of the local government.
Data Center Construction Market size was valued at US$ 234.57 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 6.4% from 2022 to 2029, reaching nearly US$ 385.30 Bn.
Data Center Construction Market Dynamics:
Due to the widespread use of cloud services, the need for data centres has risen in recent years. According to the Cloud Infrastructure Report 2021, 57 percent of respondents stated more than half of their infrastructure is in the cloud, with 64 percent expecting to be entirely in the public cloud in the next five years. Furthermore, the market is driven by the implementation of a software-defined data centre in healthcare. Every year, medical costs rise, and the cost of optimization from the customer's standpoint is also a hot topic.
Healthcare spending is expected to rise to roughly USD 18.28 trillion by 2040, according to the Institute for Health Metrics and Evaluation, with high-income countries paying around USD 9,019 per person. While healthcare businesses are still in the early stages of embracing modern IT infrastructure, implementing a software-defined data centre will ease data management, consolidate networking, and improve server storage agility. Furthermore, North American state and local governments are competing to build more data centres for their respective markets. Texas, for example, has approved tax incentive legislation that exempts all corporate property from sales taxes. For major data centre users, this factor is significant for data centre operation in the next 10 to 15 years.
Furthermore, the Covid-19 pandemic has struck at a time when demand for data centre capacity is quickly increasing, putting a stop to new facility building. There has been some influence on the industry, such as higher data network traffic due to greater use of programmes such as Zoom, Microsoft Office, and others. However, according to Trend Force, 3.2 million server units were shipped in Q2 2021. Furthermore, the pandemic has made it more difficult to build a data centre due to supply chain disruptions, which is expected to limit market growth.
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Data Center Construction Market Segmentation:
Based on the Size of Data Center, the market is segmented into Small and Medium Scale Data Center, and Large Scale Data Center. Large Scale Data Center segment is expected to hold the largest market share of xx% by 2029. Large Scale data centres are utilised in a variety of industries to boost computing power, memory, networking infrastructure, and storage capacity. The physical infrastructure and distribution systems enabling Large Scale data centres for maximum cooling efficiency, as well as the ability to efficiently scale computing operations, are among the aspects of Large Scale data centres.
Furthermore, the business of selling Open Compute Project-compliant data centre gear is booming. With OCP, advanced cooling solutions for rapidly growing power consumption and processing density in next-generation data centres with minimal modifications in the extra facility are contributing considerably to market growth.
Based on the End-User, the market is segmented into Public Sector, Oil & Energy, Media & Entertainment, IT & Telecommunication, Banking, Financial Services, Insurance (BFSI), and Others. IT & Telecommunication segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. This is due to the global proliferation of smart phones and the increase in active internet users. The continuing deployment of 5G networks also assisted the segment to lead the market in 2021, and this trend is expected to continue during the forecast period. The segment's growth is expected to be driven by the continuous acceptance of Network Function Virtualization (NFV) and Software-Defined Networks (SDN) as applications to support OTT Platforms, M2M communication, and online gaming over the forecast period. Cloud computing, IoT, AI, and intelligent computing are all gaining popularity in a variety of businesses and verticals.
The research offers a thorough analysis of the market's presence across numerous industries and countries. By doing a detailed geographic analysis of the industry, the research analyst seeks to identify untapped development potential that may be used by companies in various parts of the world. Global Data Center Construction Market research offers precise information that helps market participants successfully compete with their biggest rivals based on growth, sales, and other important factors. Significant market elements like market drivers and barriers are distinguished from crucial development prospects and industry trends in the research study.
Key players:
• Structure Tone
• Mortenson Construction
• Gilbane Inc.
• Balfour Beatty US
• Hensel Phelps
• Hoffman Construction
• HITT Contracting
• Fluor Corporation
• IMC Construction
• Pepper Construction
• FORTIS Construction Inc.
• AECOM
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Maximize Market Research provides B2B and B2C research on 12,500 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Bever
Data Center Construction Market , Data Center Construction Market Size , Data Center Construction Market Research , Data Center Construction Market Trend
Nov 24, 2022
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