Data Center Construction Market Analysis - North America, Europe, APAC, South America, MEA - US, UK, China, Germany, Japan - Size and Forecast 2020-2024

Data Center Construction Market by Type and Geography - Forecast 2020-2024

The Data Center Construction Market size is forecast to increase by USD 31.70 billion between 2019 and 2024, accelerating at a CAGR of 10%. The research report on the Data Center Construction Market offers industry forecasts and segmentation based on Type including Enterprise, Cloud, Colocation, and Hyperscale.  Geographically, the report covers North America, Europe, APAC, South America, and MEA. 

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

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Data Center Construction Market Analysis 

Enterprises are increasingly adopting colocation and managed hosting services because of the increasing CAPEX and OPEX involved in running their data centers. This is one of the key data center construction market growth drivers. Most of the SMEs have budget constraints and cannot afford to maintain on-premise data centers, creating the need for colocation and managed hosting services. As a result, colocation service providers (CSPs) are recording an increase in sales of services, which, in turn, is prompting them to expand their data center facilities. For instance, Equinix announced a plan to open 12 new International Business Exchange (IBX) data centers and expand 23 existing IBX data centers by the end of 2019. Also, enterprises such as Facebook, Amazon.com, Apple, and Google are increasingly investing in the construction of data center facilities.Hence all these factors will propel the market advancement during the forecast period.

North America Holds a Prominent Position in the Data Center Construction Market

Portable Generator Market Size, By Region, Global 2020 - 2024.   

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North America is estimated to contribute 32% to the growth of the global market during the forecast period. 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. 

Data Center Construction Market Size, By Region, Global, 2020 - 2024.   

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 Data Center Construction Market Companies Overview

The Data Center Construction Market is fragmented in nature. Some significant players include ABB Ltd., AECOM, Ove Arup & Partners International Ltd., and DPR Construction.

The research report also includes detailed analyses of the competitive landscape of the market and information about  market companies, including:

Eaton Corporation Plc, Legrand SA, Rittal GmbH & Co. KG, Schneider Electric SE, Turner Construction Co., and Vertiv Group Corp.

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

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2020 and 2024
• Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming trends and changes in consumer behaviour
• Growth of the market industry across North America, Europe, APAC, South America, and MEA
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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