Data Center Construction Market Trends, Industry & Size 2031

Report Description

Data Center Construction Market Outlook 2031

The global data center construction market size was USD 75 Billion in 2022 and is projected to reach USD 137.88 Billion by 2031 expand at a substantial CAGR 7% during the forecast period, 2023–2031. The growth of the market is attributed to the increasing demand for cloud computing, growing data consumption globally, rising penetration of internet & digital data traffic, and high growth of internet of things.

Data center is the facility that is used by an organization for accommodating computer systems, network systems, servers, and various other components for supporting the infrastructural needs of the company. It includes storing of data, processing, and serving high amount of data that has different range from small servers to large scale along with client architecture.

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The construction of data centers is a risky as well as critical task that involve extensive planning for location, material, and storage that would be used to control & maintain the environment of the data center. The location in the vital factor considered when planning to develop a data center as it is important to retain the environment cold inner surface of the data center.

Data Center Construction Market Trends, Drivers, Restraints, and Opportunities

• Growing requirement for the data center construction is anticipated to spur the market expansion in the coming years.
• Rapid growth of the healthcare industry is major factors driving the market growth.
• High initial investments needed in the data center construction market is estimated to hinder the market expansion during the forecast period.
• Rule and regulations set by governments act as main challenges that can restrict the market growth.
• R&D investment and technological advancement in data center construction market is expected to create significant opportunities for the market players.

Scope of The Data Center Construction Market Report

The report on the global data center construction market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Data Center Construction Market Segment Insights:

Mechanical infrastructure segment is projected to account for a large market share

Based on infrastructures, the global data center construction market is divided into mechanical infrastructure, general construction, and electrical construction. The mechanical infrastructure is further segmented into racks, cooling systems, and others. The electrical construction is further bifurcated into UPS systems and others.

The mechanical infrastructure segment is expected to constitute a key share of the market during the forecast period owing to increasing demand for the high computing servers and rising preference for adoption of new technologies. However, the electrical construction segment is anticipated to expand at a rapid pace during the forecast period due to rising construction of mega data centers and growing demand for advanced security infrastructures.

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Tier III segment is projected to hold a key market share

On the basis of tier types, the market is segmented into tier I &II, tier III, and tier IV. The tier III segment is expected to represent a key share of the market in the coming years due to increasing importance for redundant components for the applications in the site infrastructure and architectures data centers. Tier III improves the cooling efficiency and provides power backup with the help of optimization of airflow from the architecture.

Large scale enterprises segment is projected to constitute a major market share

In terms of size of enterprises, the global data center construction market is segregated into large scale enterprises and small & medium-scale enterprises. The large scale enterprises segment is expected to account for a key share of the market during the forecast period owing to growing requirement for the computational power as well as high server densities which is cost effective.

However, the small & medium-scale enterprises segment is anticipated to expand at a rapid pace during the forecast period due to increasing demand for security.

IT & telecommunication segment is projected to hold a key market share

On the basis of end-users, the market is segmented into IT & telecommunication, healthcare, BFSI, government & defense, and others. The IT & telecommunication segment is expected to represent a key share of the market in the coming years due to high usage of data centers for the storage of large amount of data that are generated through mobile phones and internet.

On the other hand, the government & defense segment is anticipated to expand at a rapid pace during the forecast period owing to as it provides high flexibility, scale, security, and compliance.

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North America is expected to dominate the market

On the basis of regions, the global data center construction market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to rising investments in the hyper scale projects.

On the other hand, the market of Asia Pacific is expected to exhibit a rapid growth rate in the coming years due to continuous investments by cloud service providers and growing demand for the data center construction.

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