The global data center construction market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. 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.
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.
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.
Key Players
- Hewlett Packard Enterprise
- Lenovo
- Fujitsu Ltd.
- Fortis Construction Inc.
- Equinix, Inc.
- IBM Corporation
- Dell EMC
- Oracle
- Cisco
- AECOM
- Tripp Lite
- Schneider Electric SE
- DPR Construction Inc.
- Holder Construction Company
- Turner Construction Co.
Competitive Landscape
Key players competing in the global data center construction market include Hewlett Packard Enterprise; Lenovo; Fujitsu Ltd.; Fortis Construction Inc.; Equinix, Inc.; IBM Corporation; Dell EMC; Oracle; Cisco; AECOM; Tripp Lite; Schneider Electric SE; DPR Construction Inc.; Holder Construction Company; and Turner Construction Co. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
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