$45.1 Billion, Data Center Construction Market is Emerging with 8.4% of CAGR by 2027 - Tripp Lite, Turner Construction, The Whiting-Turner Contracting Company, Schneider Electric SE, Hitachi Vantara Corporation

Data centers these days have become more of the strategic asset than a mere office back – support. The historic bubble burst of big data and artificial intelligence led to massive shift from on – premises data centers to cloud – based database management systems. Presently there are millions of data centers across the globe and the number is anticipated go beyond the count of 8 million in the year 2017. Furthermore, strategic events such as, mergers and acquisitions in the field of data centers is a trend that’s on pace to continue.

With the burgeoning demand for robust and resilient data centers the end users are focusing more upon the data center infrastructure, and therefore the data center construction market is expanding vigorously across the globe. Additionally, the data center RIETs are possessed to have impressive return on investment as compared to other categories of funds that are accomplishing more in single digits.

According to the new research report published by The Insight Partners, titled “Data Center Construction Market- Global Analysis and Forecast to 2027”, the global data center construction market is expected to reach US$ 89.9 billion in 2027, registering a CAGR of 8.4% during the forecast period 2019 to 2027.

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The growth of data center construction is also highly influenced by the partnership between government and enterprises directed towards reduction of carbon footprints. Data center are now becoming a key assets contributing in the enhancement of a country’s economy and thus, government all across the globe are supporting and offering services for both local as well as global enterprises.

Key findings of the study:- -

- From a growth perspective, the Asia-Pacific region is anticipated to witness a lucrative CAGR growth rate of 10.2% during the forecast period
- Based on tier standard, the tier 3 data center is projected to witness significant lucrative profitable opportunities with projected CAGR growth rate of 8.2%
- Based on industry vertical, the telecom, media & entertainment segment is projected to grow with a CAGR of 8.9%

The exponential growth in the cloud computing has resulted in generated robust demand for data centers. Since the emergence of massive hyper-scale contracts for wholesale data centers during early 2016, it has been predicted that the trend would further drive the data center construction market. Furthermore, the hyper-scale internet enterprises, which also comprise some of the major cloud computing platforms, in the first quarter of 2018 had invested ~ US$ 27 Bn in CapEX. In the year 2018, several tech giants expanded/re-architected their data centers in order to meet their data storage and processing needs. For instance, DropBox had re-furbished its cloud in order to utilize higher-density storage. Besides, Google in Netherlands had bought 173 acres of land as it continued to explore its opportunities to build more data centers throughout European region.

Data Center Construction Market - Strategic Insights

Strategies such as acquisition, market initiative and new development was observed as the most adopted strategy in global data center construction market. Few of the recent strategies by some of the players’ operating in the data center construction market landscape are listed below-

2018: Schneider announced the inauguration of its new plant in El Paso, Texas. In this new facility the company escalate its production capacity to meet the substantial growth in the data center market by providing integrated software and hardware solutions.

2017: Fujitsu Research Institute of Posts and Telecommunications (RIPT) has received a contract for consulting including construction, design, and operation for 2 datacenters to be made in Hanoi and Ho Chi Minh City by VNPT Net Corporation.

2015: The global infrastructure company and innovative buildings components maker have joined hands together for a strategic alliance to address the needs for data centers. With a unique blend of quality and flexibility, the strategic alliance aims to fulfil the increasing demands for data centers by many industry verticals.

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This release was published on openPR.