The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s Data Center Construction Global Market Report 2023 offers crucial insights into the data center construction market help businesses analyse and build stronger strategies.

 

 

The data center construction market is experiencing robust growth, evolving in response to increased demand for data storage and processing. In 2023, the market is valued at $250.4 billion, set to reach $270.07 billion in 2024, boasting a CAGR of 7.9%. Let’s delve into the factors propelling this growth and explore the forecasted trends shaping the industry’s trajectory.

 

 

The Present Boom: Factors Driving Growth

Surge in Data Usage

• Cloud computing fuels the demand for data centers.
• Cloud data usage rose from 60% (2021) to 70% (2022).
• Solo cloud users increased from 52% to 84% within a year.

Key Players in the Market

• Dominant companies include Google LLC, Amazon Web Services Inc., Microsoft Azure, and others.
• Market leaders are pivotal in meeting the escalating demand for data center spaces.

 

 

 

Read The Full Data Center Construction Market Report Here:

https://www.thebusinessresearchcompany.com/report/data-center-construction-global-market-report

 

 

 

Technological Innovations Steer the Industry

Universal Data Hall Design (UDHD)

• Major players invest in Universal Data Hall Design to enhance technological capabilities.
• UDHD emphasizes flexibility and scalability.
• DataBank Holdings Ltd. launched UDHD to support high-performance computing.

Equinix’s Strategic Move into West Africa

• Equinix Inc. acquired MainOne for $320M in December 2021.
• This acquisition enables Equinix to expand its reach into West Africa, tapping into a rapidly growing marketplace.

 

 

Forecasted Growth and Trends

Projected Market Expansion

• The market is anticipated to grow to $364.67 billion by 2028, with a CAGR of 7.8%.
• Factors include the growth of the digital economy, expanding global data centers, shift to cloud computing, demand for edge data centers, and 5G rollout.

Major Trends in the Forecast Period

• Sustainability and Green Design: Increasing focus on environmentally friendly practices.
• Modular Data Centers: A trend towards modular and scalable infrastructure.
• Security and Compliance: Heightened concerns drive investment in secure data centers.
• Data Center-as-a-Service: A shift towards service-oriented data center solutions.

 

 

Market Segmentation

Segmentation Snapshot

• Data Center Type: Small-Scale, Medium-Scale, Large-Scale Data Centers
• Infrastructure: Electrical, Networking, and Other Infrastructures
• Power Distribution and Cooling Infrastructure: Power Distribution, Cooling
• End-Use: BFSI, Energy, Government, Healthcare, Manufacturing, IT and Telecom, Others

8. Regional Dominance

• In 2023, North America emerged as the largest region in the data center construction market.

 

 

 

Get A Free Sample OnThe Global Data Center Construction Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=12949&type=smp

 

 

The Data Center Construction Global Market Report 2023 provides a comprehensive outlook of the data center construction market for the historic years (2010 -2021) and ten years forecast (2023 – 2032).The data center construction market forecast offers a thorough analysis ondata center constructionmarket size, data center construction market share,prominent players and their strategies.

 

 

 

The Table Of Content For The Data Center Construction Market Include:
1. Data Center Construction Market Executive Summary
2. Data Center Construction Market Segments
3. Data Center Construction Market Size AndData Center Construction Market Growth Rate
4. Key Data Center Construction Market Trends
5. Major Data Center Construction Market Drivers
……
25. Key Mergers And Acquisitions In The Data Center Construction Market
26. Top Data Center Construction Companies
27. Data Center Construction Market Opportunities And Strategies
28. Data Center Construction Market, Conclusions And Recommendations
29. Appendix

 

 

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