Maximize Market Research has provided a detailed analytical
report on the Data Center Construction Market, providing suitable
market strategies.
PUNE,
India, Aug. 8, 2024 /PRNewswire/ -- 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 6.4%
from 2024 to 2030, reaching nearly USD
393.21 billion by 2030.
The research report from Maximize Market Research offers vital
insights into the dynamic "Data Center Construction Market"
landscape. Focused primarily on key players, market segments,
business strategies, and regional developments, the report also
provides a user-friendly and thorough comprehension of market
dynamics and pivotal factors shaping industry growth. Using a
combination of qualitative and quantitative data the report
undergoes rigorous analysis utilizing analytical backgrounds such
as SWOT and PESTLE analysis to reveal deeper insights into market
dynamics and prospects.
Data Center Construction Market Scope
Market Size in
2023
|
USD 254.7
billion
|
Market Size in
2030
|
USD 393.21
billion
|
CAGR
|
6.4 %
|
Forecast
Period
|
2024-2030
|
Base
Year
|
2023
|
Number of
Pages
|
259
|
No. of
Tables
|
148
|
No. of Charts and
Figures
|
153
|
Segment
Covered
|
by Design
Type
by Size of Data
Center
by End User
|
Regional
Scope
|
North America (United
States, Canada and Mexico)
Europe (UK, France,
Germany, Italy, Spain, Sweden, Austria and Rest of
Europe)
Asia Pacific (China,
South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam,
Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa
(South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil,
Argentina Rest of South America)
|
Report
Coverage
|
Market Share, Size, and
Forecast by Revenue | 2024−2030, Market Dynamics, Growth Drivers,
Restraints, Investment Opportunities, and Key Trends, Competitive
Landscape, Key Players Benchmarking, Competitive Analysis, MMR
Competition Matrix, Competitive Leadership Mapping, Global Key
Players' Market Ranking Analysis.
|
Get your Sample PDF:
https://www.maximizemarketresearch.com/request-sample/64138/
What's New: Recent Developments and Updates
- April 2024, AGM Group Holdings
Inc. and Red Dot Analytics PTE. LTD. Announced partnership with an
MOU containing following points to develop advanced, GPU-powered
data center infrastructure to support AI applications and
workloads.
- September 2023, Digital Realty
announced the development of a 'Tier 4' facility in Rome, Italy.
- March 2023, Vertiv announced a
distribution partnership with iPoint.
- March 2023, NTT Ltd. announced
investments of USD 90 million to
establish 'Bangkok 3 Data Center'
(BKK3).
- May 2023, NTT Communication
announced plans to invest USD 59
billion in data centers, Artificial Intelligence (AI), and
other emerging sectors over the next five years.
- 2023, Turner Construction Company developed the "GreenOps"
program aimed at sustainable data center construction.
- 2023, Holder Construction Group launched the "Sustainable Data
Center Design Solution."
- 2023, Skanska AB invested in digitalization for data center
construction.
- 2023, Mortenson Construction built several large-scale data
centers for clients such as Amazon Web Services, Microsoft
- October 2022, Kuko's group K2
partnered with Sinar Mas to create
'K2 Data Centre Jakarta 1 Campus' in Indonesia.
- June 2022, Vantage Data Centers
announced plans for data center campuses in Poland and Germany.
- April 2022, Google announced a
significant investment of USD 750
million in a new facility in Nebraska.
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Data Center Construction Market is focusing on AI-powered
infrastructure
The Data Center Construction Market is witnessing an emergence
of AI and GPU-driven data centers to handle complex computation and
data processing, which is crucial for AI development. As
environmental concerns continue to be on the rise, companies are
prioritizing sustainability and energy efficiency. This is expected
to gain a competitive edge by cost saving and improved brand
reputation. The adoption of technologies like BIM and 3D modelling
results in efficient construction with less error and at a reduced
cost. This helps the construction industry to be more
sophisticated. The Data Center Construction Market is
witnessing company expansion into new regions to strategically
place themselves into emerging markets. The shift towards
hyperscale data centers is driven by the need to accommodate
massive data volumes and support high-performance computing. These
facilities offer scalability, flexibility, and cost-effectiveness,
making them attractive to large enterprises and cloud providers.
The Data Center Construction Market is seen to give importance to
providing reliable and robust solutions for critical applications
based on the rising demand for Tier 4 facilities.
North America dominates the
Data Center Construction Market
North America held over 40%
global Data Center Construction Market revenue share in 2023. The
presence of hyperscale projects resulted in the dominance
North America created. The U.S.
held a lion's share in the market with established and
sophisticated infrastructure. The presence of tech giants like
Amazon.com, Inc., Google, and Facebook fuels growth since these
companies continuously invest in large-scale facilities to boost
their processing capabilities. North
America benefits from cutting-edge technological
advancements and innovations which then facilitate efficient
systems. The Data Center Construction Market has shown a
significant impact on employment generation in the construction,
engineering, and technology sectors. This system helps with the
growth of digital economy, as it is a driving factor of economic
growth and competitiveness.
One of the challenges faced by the Data Center Construction
Market is high energy consumption and the need for alternate
sustainable and renewable energy solutions. Asia-Pacific countries such as China, South
Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam are expected to witness fast growth
during the forecast period. Countries like China and India are showing increasing demand for data
processing and storage solutions. With the massive digital
transformation, businesses and governments both are investing
heavily in the market. Continuous investments from cloud service
providers and hyperscale entities are contributing to the growth of
the market. Companies are expanding their data center footprints to
cater to the growing demand for cloud-based services. With rising
internet and smartphone penetration in society, advanced data
center solutions are becoming a necessity. Government support along
with partnerships and collaborations are accelerating the market
growth. This growth in the Data Center Construction Market has
resulted in infrastructural development and more job
opportunities.
For Detailed Segment Analysis: Request a Sample
Report
Segmentation
by Design Type
- Electrical Construction
- Mechanical Construction
- General Construction
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 ascendancy of the IT and telecom sector in the data center
construction market was notable in 2023, capturing the largest
share of 40.4%. This dominance stemmed from the widespread
proliferation of smartphones and the escalating number of active
internet users globally. Moreover, the continued rollout of 5G
networks further bolstered the segment's supremacy in 2022, a trend
expected to persist throughout the forecast period. Additionally,
the sustained adoption of network function virtualization (NFV) and
software-defined networks (SDN) as platforms supporting OTT
platforms, M2M communication, and online gaming is poised to propel
the segment's growth. Consequently, investments in this domain are
projected to escalate over the forecast period, driven by these
technological advancements and evolving consumer needs.
Key players
- Corgan Associates, Inc. (United
States)
- Holder Construction (United
States)
- Turner Construction (United
States)
- DPR Construction (United
States)
- Structure Tone (United
States)
- Mortenson Construction (United
States)
- Gilbane Inc. (United
States)
- Balfour Beatty US (United
States)
- Hensel Phelps (United States)
- Hoffman Construction (United
States)
Key questions answered in the report
- Which region has the largest share in Global Data Center
Construction Market?
- What is the growth rate of Global Data Center Construction
Market?
- What segments are covered in Global Data Center Construction
market?
- Who are the key players in Global Data Center Construction
market?
- What is the study period of this market?
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