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8.9% CAGR for Data Center Construction Market to Account to US$89.9 Billion by 2027

Latest market study on "Data Center Construction Market is estimated to reach US$ 89,961.1 Mn in 2027 from US$ 45,107.9 Mn in 2018. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

 

Pune, India -- (SBWIRE) -- 03/08/2019 -- Growing importance of hyperscale data centers will generate significant opportunity for the data center construction market in the coming years

Data Center Construction market is experiencing a high growth across the globe, driven by growth in BFSI, government, education, manufacturing, retail, transportation, media & entertainment, and other industries. As these industries are using more and more connected devices, and availing easy access to internet coupled with decreasing cost of internet services, the demand for data storage is increasing worldwide.

The Data Center Construction market report focuses on an in-depth segmentation of the Data Center construction market based on types of construction, Tier standards, industry verticals, and geography. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By types of construction segment, the electrical design is accounted for the largest share in the Data Center construction market in 2018 and is projected to grow at the highest CAGR during the forecast period.

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Center Construction market segmented by Types of Construction (General Construction, Electrical Design, and Mechanical Design); By Tier Standards (Tier 1 and Tier 2, Tier 3, and Tier 4); and By Industry Verticals (BFSI, Government, Education, Manufacturing, Retail, Transportation, Media & Entertainment, Others)
The global data center construction market for the industry verticals is further segmented into BFSI, Government, Education, Manufacturing, Retail, Transportation, Media & Entertainment, Others. The characterization is based on the major sectors where data center finds majority of applications. Data center are now widely used among variety of industries. Major industries are using data center technology to stay flexible as well to modernize their IT architecture to create key opportunities. Data centers help companies by providing greater security, flexibility, compliance, and scale. With expanding their services to keep pace with dynamic customer demands.

There has been constant development in data center construction market industry. Recently, Fujitsu Announced Next Generation Quantum-Inspired Digital Annealer Service. With this new service, servers are supporting the second generation of Digital Annealer technology which are installed across customer datacenter. In addition, Fujitsu also announced a launch of Fujitsu Server PRIMERGY CX1430 M1 which is a server model featuring, multi-node, targets cloud service providers and data center companies in Japan and sooner it would be available internationally. Some of the major data center construction market players include DPR Constructions, Inc., Fujitsu Limited, Hitachi Vantara Corporation (Hitachi Ltd.), AECOM, Holder Construction Company, Rittal GmbH & Co. KG, Tripp Lite, Turner Construction, The Whiting-Turner Contracting Company, and Schneider Electric. SE among others.

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