Data Center Construction Market 2023 |Splendid Benefits And Trends, Hidden Factors($29 Billion Market)
December 10, 2019 by Market-NewsFlash
Data Center Construction Market Research Report, by Design Type (Electrical Construction, Mechanical Construction), Tier Type (Tier 1, Tier 2, Tier 3, Tier 4), Verticals (BFSI, IT & Telecommunication, Media & Entertainment, Oil & Energy, Public Sector) — Global Forecast till 2023
Data Center Construction Market — Overview
Increasing use of interconnected devices has increased the development of the infrastructure that can effectively support the data being generated from these devices. Market reports associated with the information and communication technology sector made accessible by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry. The market is estimated to earn revenues worth USD 29 billion by the end of the forecast period while growing at a CAGR of 7% approximately in the forecast period.
The need for data centers is increasing at a rapid rate in the forecast period. Rising level of data in companies and growing adoption of Internet of Things is compelling the growth of the market for data center construction. Amplified demand for network operation centers, data centers, and disaster recovery is promoting the development of the market. The changing IT industry is significantly influencing the market growth along with connected cars and smart cities in the forecast period.
The market for data center construction is segmented on the basis of type, component, and region. The component segment is segmented into data center design and engineering services, consulting services, and data center physical construction. Additionally, data center physical construction is sub-segmented into general construction, electrical construction, construction & installation management, and mechanical construction. The data center construction consulting services are sub-segmented into strategic data center planning, facility assessment, technology consulting, and security consulting. The data center design & engineering services are further sub-segmented into physical and technical security, infrastructure design and engineering, and commissioning planning. Moreover, the infrastructure design and engineering are sub-segmented into mechanical, physical, civil, and others. The type segment of the market comprises of Tier IV, Tier III, Tier II, and Tier I. The market covers regions such as North America, Asia Pacific, Europe, and Rest of the World.
The eminent competitors in the data center construction market are Arup Group (U.K), Page Southerland Page, Inc. (U.S.), AECOM (U.S.), Fluor Corporation (U.S.), Corgan (U.S.), HDR, Inc. (U.S.), Gensler (U.S.), Holder Construction Group (U.S.), Aceco TI (U.S.), Jacobs Engineering Group (U.S.), Syska Hennessy Group (U.S.), Structure Tone (U.S.), Jones Engineering Group (U.K), Turner Construction Company (U.S.) and among others.
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