Data Center Construction Market estimates & forecast by...

Data Center Construction Market estimates & forecast by application, size, production, industry share, consumption, trends and forecast 2030

2024-06-28 10:30:06 • 4 Views

Data Center Construction Market Growth or Demand Increase or Decrease for what contains:

The increase in data consumption and demand for cloud computing among organisations are important catalysts driving the growth of the data centre building industry. A variety of causes contribute to the exponential increase in data consumption, including the broad adoption of digital technologies across industries. With the advent of e-commerce, social media platforms, digital content streaming, Internet of Things (IoT) devices, and big data analytics, organisations are creating and processing massive amounts of data in order to acquire insights, improve consumer experiences, and optimise operations. As a result, the requirement for reliable data storage and processing infrastructure is critical, resulting in an increase in demand for data centre facilities.

Data Center Construction Market CAGR Estimation:

The Data Center Construction Market size was valued at USD 254.7 Billion in 2023 and the total Data Center Construction revenue is expected to grow at a CAGR of 6.40% from 2024 to 2030, reaching nearly USD 393.21 Billion by 2030.

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Data Center Construction Market Segmentation:

by Size of Data Center
Small and Medium Scale Data Center
Large Scale Data Center

by End User
Public Sector
Oil & Energy
Media & Entertainment
IT & Telecommunication
Banking, Financial Services, Insurance (BFSI)
Others

The IT and telecom sector dominated the data centre building market in 2023, accounting for 40.4%. This domination was driven by the broad availability of smartphones and the growing number of active internet users worldwide. Furthermore, the ongoing implementation of 5G networks strengthened the segment's dominance in 2022, a trend that is likely to continue throughout the forecast period. Furthermore, the continued adoption of network function virtualization (NFV) and software-defined networks (SDN) as platforms for OTT, M2M communication, and online gaming is expected to drive the segment's expansion. As a result, investments in this domain are expected to rise throughout the forecast period, driven by technology improvements and changing customer demands.

Data Center Construction Market Overview:

The data centre construction market is essential to the development of specialised facilities designed to house computer systems and other components such as telecommunications and storage systems. These facilities are critical for enabling data processing, storage, and administration services for a wide range of entities, including enterprises, government agencies, and cloud service providers.

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Data Center Construction Market: Which Regions are Experiencing Growth or Increased Demand?

In 2023, North America emerged as the dominating force in the data centre building market, with a revenue share of more than 40.0%, followed by Asia Pacific. North America's high revenue share can be attributable to strong expenditures in hyperscale projects. As a mature economy, the US has a well-established and sophisticated network infrastructure. It also acts as the headquarters for several major cloud service providers, including Amazon.com, Inc., Google, and Facebook. These companies are aggressively investing in the development of large-scale facilities to increase their processing capabilities and data storage capacity, thereby opening up new opportunities for growth in the data centre construction market.

Data Center Construction Market Scope and Methodology:

The paper explains the approach, which is based on descriptive research and uses SWOT analysis to deliver useful insights to investors. The report's key focus is a thorough examination of Data Center Construction market questionnaires and other methods, which are examined numerically, statistically, and mathematically, including data collecting and analysis to uncover Data Center Construction market trends through research.

Following a thorough analysis of the situation, the study concludes that the Data Center Construction market offers numerous prospects, including R&D activities, new industrial processes, unique forms of development, and Data Center Construction market consolidations and acquisitions. The research focuses on the leading players' strategy, portfolios, organisational structures, and insightful analysis. To identify market trends, a thorough SWOT analysis and PESTLE assessment were performed.

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Data Center Construction Market Key Players:

1. Corgan Associates, Inc.(United States)
2. Holder Construction (United States)
3. Turner Construction (United States)
4. DPR Construction (United States)
5. Structure Tone (United States)
6. Mortenson Construction (United States)
7. Gilbane Inc. (United States)
8. Balfour Beatty US (United States)
9. Hensel Phelps (United States)
10. Hoffman Construction (United States)
11. HITT Contracting (United States)
12. Fluor Corporation (United States)
13. IMC Construction (United States)
14. Pepper Construction (United States)
15. FORTIS Construction Inc. (United States)
16. M. A. Mortenson Company (United States)
17. Brasfield & Gorrie, L.L.C. (United States)
18. ROGERS-O’BRIEN CONSTRUCTION COMPANY, LTD (United States)
19. AECOM (United States)
20. Jacobs (United States)

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Key questions answered in the Data Center Construction Market are:

• What is Data Center Construction?
• What is the growth rate of the Data Center Construction Market?
• Which are the factors expected to drive the Data Center Construction market growth?
• What are the different segments of the Data Center Construction Market?
• What growth strategies are the players considering to increase their presence in Data Center Construction?
• What are the upcoming industry applications and trends for the Data Center Construction Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Data Center Construction Market?
• What major challenges could the Data Center Construction Market face in the future?
• What segments are covered in the Data Center Construction Market?
• Who are the leading companies and what are their portfolios in Data Center Construction Market?
• What segments are covered in the Data Center Construction Market?
• Who are the key players in the Data Center Construction market?

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