“The Data Center Construction Market is poised to grow by USD 31.70 billion during 2022-2026, accelerating at a CAGR of 10% during the forecast period”

Technavio market report provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 15 vendors. Furthermore, this report extensively covers the market segmentation by type (enterprise, cloud, colocation, and hyperscale), construction type (electrical construction, mechanical construction, and general construction), tier level (tier 3, tier 1 and tier 2, tier 4), and geography (North America, Europe, APAC, South America, and MEA). The market report also offers information on several market vendors, including ABB Ltd., AECOM, Ove Arup & Partners International Ltd., DPR Construction, Eaton Corporation Plc, Legrand SA, Rittal GmbH & Co. KG, Schneider Electric SE, Turner Construction Co., and Vertiv Group Corp. among others.

What will the Data Center Construction Market Size be During the Forecast Period?

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Parent Market Analysis

Our Technavio Research categorizes the report belonging to Software & Services Industry for the market. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions.

Data Center Construction Market: Key Drivers, Trends, and Challenges

Technavio Research categorizes the global Data Center Construction Market belonging to the IT Services Industry. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.

The market is extremely competitive with all sizes of businesses, including large, medium, and small-sized companies vying to monopolize the market. The tremendous development in various fields such as product innovations and new product launches by manufacturers operating in the market will drive the growth further.

Who are the Major Data Center Construction Market Vendors?

The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading market vendors such as

• ABB Ltd.
• AECOM
• Ove Arup & Partners International Ltd.
• DPR Construction
• Eaton Corporation Plc
• Legrand SA
• Rittal GmbH & Co. KG
• Schneider Electric SE
• Turner Construction Co.
• Vertiv Group Corp.

Market Overview

The parent global IT services market cover companies offering IT consulting and system integration services, application services, electronic data processing services, business process outsourcing services, infrastructure services, and Internet services. The global Internet services and infrastructure market covers companies providing services and infrastructure for the Internet industry, including data centers and cloud networking and storage infrastructure. It also includes companies providing hosting services. It excludes companies offering software products. The global Internet services and infrastructure market also includes IT security services and cloud computing services. 

Data Center Construction Market Value Chain Analysis

In this report, we provide extensive information on the value chain analysis for the market. Our data covers all key stages of a market flow and provides a complete understanding of all aspects of the market logistics value chain. This includes an end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies.

Which are the Key Regions for Data Center Construction Market?

32% of the market’s growth will originate from North America during the forecast period. The US is the key market for data center construction in North America. Market growth in this region will be faster than the growth of the market in the European regions.

The demand for data centers in North America is growing due to increasing consumer and enterprise data traffic because of the following reasons.

• Growing demand for the Internet of Things (IoT) devices
• Implementation of autonomous technologies by several enterprises
• Rising investments in AI
• Growing investments in autonomous vehicles 

The construction of new data centers and the renovation of existing data centers in the US will contribute a major share of revenue to the market in the region during the forecast period. New data center constructions also include the construction of colocation facilities, which can be utilized by enterprises for infrastructure that suits their business requirements. North America has been dominated by two hubs in data center construction, which are the US and Canada. In Canada, Toronto is the key location for data centers because of its fiber connectivity, cool ambient temperature, low electricity tariffs, tax-friendly environment, and low risk of natural disasters. 

What are the Revenue-generating Type Segments in the Data Center Construction Market?

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The market share growth by the enterprise segment will be significant during the forecast period. The growth in the segment is being driven by the increase in business data traffic. Hence, there is a need to scale up data center infrastructure. Most business and consumer-based applications generate a large volume of structured and unstructured data. Some data are also stored on-premise in enterprises, and some data are stored in data centers. Enterprises across the world are adopting high-performance computing to improve the performance of applications. The adoption of high-performance computing systems necessitates the extensive transformation of existing data center infrastructure, including network, cooling, and storage. 

The report provides a near-term to long-term perspective on the trends and forecasts horizon for the market. It offers an overview of the key market drivers and restraints, enabling precise identification of key opportunities in each region over the coming years.

You may be interested in :

GCC Data Center Construction Market - The analyst predicts the data center market in GCC to grow at a CAGR of more than 19% during the forecast periods.

Latin America Data Center Construction market  - The market for data center construction in Latin America will grow at a CAGR of over 14% until 2020.

Nordic Region Data Center Construction market - The predicts that the data center construction market in the Nordic region will grow steadily at a CAGR of around 17% by 2021. 

US Data Center Construction market - The market grow steadily during the forecast period and post a CAGR of more than 6% by 2021

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What are the Key Data Covered in this Data Center Construction Market Report?

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive the growth during the next five years
• Precise estimation of the size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of data center construction market vendors

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