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Data centers enable high-performance computing for researchers, scientists, and engineers across industry verticals, and therefore, foster technological innovations. The prospects for growth in this market are heavily dependent on the number of construction and renovation activities carried out during the forecast period. Also, factors like the rising adoption of new and improved electrical and mechanical infrastructures by data center operators for the construction of new facilities and the renovation of existing ones will lead to the strong growth of this market during the predicted period. The market for data center construction in Latin America will grow at a CAGR of over 14% until 2020.
An important factor that will impel growth in this market is the growing adoption of cloud-based services. Cloud computing offers many benefits to enterprises and also helps them to enhance their overall operational efficiency on a local and a global scale. Organizations such as government agencies and educational institutions in Latin America are already experiencing the benefits of cloud-based services, such as speed and flexibility. Technavio’s market research analysts estimate this trend to continue during the forecast period with organizations across different industry verticals adopting cloud-based services to gain a competitive edge over their peers.
In this market study, analysts have estimated the UPS systems segment to be the largest revenue-generating segment during the forecast period. UPS systems provide backup power during power disruptions and help enterprises to achieve better availability, efficiency, and scalability in operations.
The racks segment is anticipated to witness the highest market growth rate during the forecast period and will grow at a profound CAGR of more than 25% until 2020. Racks are used to house IT equipment, provide storage, and allow networking of enterprise IT equipment. The advent of racks with in-built sensors will aid in the growth of this market segment as these racks facilitate better monitoring and management of the data center environment.
The data center construction market in Latin America is anticipated to grow rapidly during the predicted period due to factors like the increasing demand for cloud computing solutions and the exponential growth in data volumes. Apart from the prominent vendors, the market also consists of other smaller vendors, which includes architectural and engineering firms that specialize in the construction of data centers.
Top vendors in the market are -
Other prominent vendors in the market are Fluor, Jacobs Engineering, Holder Construction, and Mortenson Construction.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by electrical construction
PART 07: Market segmentation by mechanical construction
PART 08: Market segmentation by general construction
PART 09: Market segmentation by tier standards
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Appendix
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