press release/- Market Research Future Published a Half-Cooked Research Report on Global Data Center Construction Market Research Report.
Global Data Center Construction Market is projected to grow at a CAGR of 9.2% during the forecast period: MRFR
The Data Center Construction Market is predicted to reach USD 58.33 billion by 2030, registering a 9.2% CAGR during the forecast period, 2022–2030. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the next few years. The global Data Center Construction market is expected to witness substantial growth during the forecast period, primarily due to rising number of IOT devices and rapid installation of data center facilities.
With the increase in advances in the IOT, communication technology, cloud computing, device interface and others, there will be a dynamic increase in the requirement of the data centers globally. There are several different initiatives taken by the government and the private players for initializing the green data centers. To minimize the environmental impact caused by the data center, the green data center is being introduced. The green data center is utilized for the storage, management of data in that the lighting, electrical and computer systems are designed to provide maximum energy efficiency.
The global Data Center Construction market has been segmented based on design type, tier type, and industry vertical. Data center design type comprises general construction, electrical construction, and mechanical construction. Electrical Construction holds the largest market share in the market. Based on Tier Type, the global Data Center Construction market is segmented into Tier 1, Tier 2, Tier 3, and Tier 4. The Tier 4 segment accounted for the larger market share in 2021 and projected to exhibit a highest CAGR during forecast period. Based on Industry Vertical, the global Data Center Construction market is segmented into BFSI, Healthcare, IT & Telecommunication, Media & Entertainment, Oil & Energy, Public Sector, and Others. The IT & Telecommunication segment accounted for the larger market share in 2021 and projected to exhibit a highest CAGR during the forecast period.
Geographically, the global Data Center Construction market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
With the biggest revenue share in 2021, North America dominated the market. The United States dominated the data center construction market in North America. Factors such as increased investment in technology industries and technological advancements are propelling the growth of the North American data center construction market.
During the projection period, Asia-Pacific is expected to grow at the fastest rate. China and India dominate the Asia-Pacific data center construction market. The expanding government initiatives for the adoption of cloud-based systems for large-scale data storage are driving the expansion of the Asia-Pacific data center construction market.
The key players in the global Data Center Construction market are AECOM, Arup Group, Corgan Associates Inc., DPR Construction, Gensler, HDR Architecture, Turner Construction, Syska Hennessy, Hoffman Construction Company, Floor Construction, Fortis Construction, Mortenson Company, Brasfield & Gorrie, L.L.C., ISG LTD, The Boldt Company, and Others.