Dublin, July 05, 2024 (GLOBE NEWSWIRE) -- The "Data Center Construction - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Data Center Construction was valued at an estimated US$229.0 Billion in 2023 and is projected to reach US$371.7 Billion by 2030, growing at a CAGR of 7.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the data center construction market is driven by several factors, particularly the expansion of digital transformation strategies across industries. The widespread adoption of Internet of Things (IoT) devices, big data analytics, and artificial intelligence (AI) technologies necessitates more advanced and larger data centers to handle increased workloads with high efficiency.
Consumer behavior trends, such as increased online shopping, remote work, and video streaming, further amplify the demand for data processing and storage capabilities. Regulatory requirements around data sovereignty and privacy also contribute to the construction of new data centers, as businesses must ensure their data handling practices comply with local laws. Moreover, the rise of edge computing, which requires data to be processed closer to the end-user, prompts the development of regional data centers. These trends, combined with the ongoing need to upgrade older facilities to newer technologies and standards, continue to propel the growth and evolution of the data center construction industry.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Tier 3 Data Center segment, which is expected to reach US$201.4 Billion by 2030 with a CAGR of a 8.2%. The Tier 2 Data Center segment is also set to grow at 6.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $80.0 Billion in 2023, and China, forecasted to grow at an impressive 11.1% CAGR to reach $40.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Data Center Construction Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Data Center Construction Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Data Center Construction Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Ltd., Aecom, Ascenty, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 907 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $229 Billion |
| Forecasted Market Value (USD) by 2030 | $371.7 Billion |
| Compound Annual Growth Rate | 7.2% |
| Regions Covered | Global |
MARKET OVERVIEW
- Data Centers as the Backbone of Modern Digital Economy Provides the Foundation for the Growth in Data Center Construction Projects
- Digital Transformation Ignites a Construction Boom for Data Centers: Global Spending on Digital Transformation (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 2031
- Global Economic Update
- Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
- Global Inflation Rates (In %) for the Years 2019 through 2024
- World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
- Competition
- Data Center Construction - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- World Brands
- Recent Market Activity
- Innovations
MARKET TRENDS & DRIVERS
- Explosive Growth of E-Commerce Drives Demand for Data Centers. Here's Why
- Bridging Growing E-Commerce Bytes With Bricks, New Data Center Construction Takes Center Stage in the Exploding E-Commerce Industry
- The Rise of On-Demand Streaming Drives the Need for New Data Centers
- On-Demand Streaming Surge Sparks New Opportunities for Data Center Construction
- Growing IoT Ecosystem Exerts Pressure on Data Center Capacity, Driving the Need for New Data Center Construction
- IoT Expansions Meet Stone and Steel as New Data Centers Emerge for a Better Connected Tomorrow
- Rising Adoption of Digital Banking & Financial Services Push Up the Need for Additional Data Center Infrastructure
- Navigating the Surge in Data Center Needs Amidst Financial Digitization Through New Construction Projects
- As Plug & Play Data Centers Emerge to be the Future of Data Centers, Prefabricated & Modular Construction Strategies Rise in Parallel Popularity
- Supported by Speed-to-Market Benefits, Data Center Construction Shifts to Pre-Fabricated Designs
- Edge Computing Induced Rise in Micro Data Centers Makes Modular Construction Ideas Attractive
- With Computing Moving to the Edge, Data centers are also Moving to the Edge at Faster Time-to-Market Velocity, Giving the Concept of Modularity a Shot in the Arm
- The Skyward Surge. Cloud Computing Catalyzes Data Center Demand
- There's a Symbiotic Surge Between Cloud Computing Demands and Data Center Developments
- AI Emerges as a Gamechanger in Data Center Construction. Here's How
- Sustainability in Data Center Construction Takes the Spotlight
- As Global Pollution Continues to Rise, Sustainable Data Centers Will Become More Indispensable & Omnipresent
- Sustainable Building Materials for Data Center Construction Grows in Prominence
- Stringent Regulations Drive Up the Importance of Due Diligence in Data Center Construction
- Applying LEED to Data Center Projects Becomes Mission Critical. Here's Why
- Decision to Use Renewable Energy in Data Centers Begins at the Construction Stage
FOCUS ON SELECT PLAYERS(Total 208 Featured)
- ABB Ltd.
- Aecom
- Ascenty
- Cisco Systems, Inc.
- Clayco, Inc.
- Dell Inc.
- DPR Construction
- Fujitsu Ltd.
- Hewlett Packard Enterprise Development LP
- HITT Contracting, Inc.
- Hoffman Construction
- Holder Construction Group, LLC
- HostDime Global Corp.
- Huawei Technologies Co., Ltd.
- IBM Corp.
- M. A. Mortenson Company
- Schneider Electric SE
- STO Building Group
- Turner Construction
- Vertiv Group Corp.
For more information about this report visit https://www.researchandmarkets.com/r/2lt5ws
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