The Market Statsville Group (MSG) publishes the new report on the "Data Center Construction Market by Infrastructure (Electrical Infrastructure (UPS Systems, and Other Electrical Infrastructure), Mechanical Infrastructure (Cooling Systems, Racks, and Other Mechanical Infrastructure), and General Construction), by Tire Type (Tier-I and II, Tier-III, and Tier-IV), by Enterprise Size (Small and Medium-scale Enterprise and Large-scale Enterprise), by End-Users (Banking, Financial Services, and Insurance, IT and Telecommunications, Government and Defense, Healthcare, and Other End Users), by Region – Global Share and Forecast to 2030". The global data center construction market size was USD 59.7 billion in 2021. It is estimated to reach USD 163.2 billion by 2030, registering a CAGR of 13.4% from 2022-2030. With the need to reduce infrastructure costs, the adoption of colocation services increased significantly. The colocation services can be leased out at reasonable prices for cloud services. According to server mania, the server colocation pricing is highly application-specific and ranges from USD 79 per month for a single server to USD 599 per month for a 42U rack. Upsurge in the adoption of cloud services by small and medium-sized enterprises is also driving the demand for hyper-scale data centers. According to a recent survey by Flexera, Small and Medium Businesses (SMBs) rely more on public clouds. 44% prefer either a single or multiple public clouds. Close to 24% rely solely on a single public cloud, and 61% have a multi-cloud strategy, of which only 6% focus on multiple private clouds. Regardless of the chosen type, 78% of small businesses said they would fully adopt cloud computing.
Request for a sample report here: https://www.marketstatsville.com/request-sample/data-center-construction-market
Browse 211 market data Tables and 63 Figures spread through 234 Pages and in-depth TOC on "Data Center Construction Market Research Report 2022-2030."
Segmentation of Global Data Center Construction Market
The overall data center construction market has been segmented into infrastructure, tire type, enterprise size, end-users, and region.
By Infrastructure Outlook (Sales, USD Million, 2017-2030)
- Electrical Infrastructure
- UPS Systems
- Other Electrical Infrastructure
- Mechanical Infrastructure
- Cooling Systems
- Other Mechanical Infrastructure
- General Construction
By Tire Type Outlook (Sales, USD Million, 2017-2030)
- Tier-I and II
By Enterprise Size Outlook (Sales, USD Million, 2017-2030)
- Small and Medium-scale Enterprise
- Large-scale Enterprise
Direct Purchase Report: https://www.marketstatsville.com/buy-now/data-center-construction-market?opt=2950
By End-Users Outlook (Sales, USD Million, 2017-2030)
- Banking, Financial Services, and Insurance
- IT and Telecommunications
- Government and Defense
- Other End Users
By Region Outlook (Sales, USD Million, 2017-2030)
- North America (US, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
- Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
- The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)
By Tire Type, Tier-III hold the largest market share during the forecast period
The global data center construction market is segregated into Tier-I and II, Tier-III, and Tier-IV based on tire type. Tier-III accounted for the largest market share of 52.2% in 2021. A Tier-III data center can undertake repairs with minimal impact on service. A level III provider provides clients with N+1 (the quantity necessary for operation plus a backup) availability. Like any other technology product, unplanned maintenance can pose issues in a level III supplier. In short, level III is forgiving of some flaws.
Tier-III data centers are frequently chosen by law enforcement departments, fire departments, healthcare facilities, and any firm seeking a reputation for solid and dependable service due to their considerably enhanced reliability and security. Furthermore, its greater performance than Tier-II data centers is frequently chosen to compromise performance and cost. According to a JLL estimate, India's colocation and data center market may rise from 375MW in early 2020 to 1.08 gigawatts by 2025, representing a 21% CAGR.
North America accounts for the largest market share in the global data center construction market
The global data center construction market has been segmented across the region: North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, North America accounted for the largest market share of 41.5% in the global data center construction market and was anticipated to grow at a CAGR of 12.7% from 2022 to 2030. The demand for cloud-based solutions in the US has been growing due to the consumer propensity toward the cloud and the increasing application of the technology. This technology allows the user to access the data from remote locations. The increasing awareness among companies about saving money and resources by moving their data to the cloud-based service rather than building and maintaining on-premise infrastructure has been driving the demand for cloud-based solutions. Hence, the adoption of cloud-based data centers in the country.
Another significant driver to data center construction in the country has been the recent economic incentives and tax benefits. Approximately 27 states leverage these factors to attract data center projects. In addition, the heavy tax breaks being implemented in the United States indicates a government-front aim to construct new data centers or renovate existing ones.
This research report includes a detailed study on the development and marketing strategies, product portfolios, and winning strategies of the leading companies operating in the data center construction market. The major companies included in the market of data center construction are IBM Corporation, Turner Construction Co., DPR Construction Inc., Fortis Construction, GTN Data Center, HITT Contracting Inc., JE Dunn Construction Group Inc., MA Mortenson Company Inc., AECOM Ltd, Gilbane Building Company Inc., Clune Construction Company LP, Nabholz Corporation, NTT Global Data Centers, Hensel Phelps Construction Co. Inc., CyrusOne Inc., and Cap Ingelec.
Browse complete report: https://www.marketstatsville.com/data-center-construction-market