In December 2014, the President signed into law the Federal Information Technology Acquisition Reform Act (FITARA), which enacts and builds upon the requirements of the FDCCI. FITARA requires that agencies submit annual reports that are to include comprehensive data center inventories, multi-year strategies to consolidate and optimize data centers, performance metrics and a timeline for agency activities, and yearly calculations of investment and cost savings.
The article cited AMA's "Global Data Center Construction Market Study" explored CAGR of 12.34%. According to the report, Increasing Adoption and Innovations Such as Submarine Data Centers and Introduction to Modular Data Center Construction is one of the primary growth factors for the market. Growing Demand for Innovative Construction Techniques is also expected to contribute significantly to the Data Center Construction market. Overall, UPS
applications of Data Center Construction, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution Channel, such as Direct Sales, is boosting the Data Center Construction market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End Use Industry, such as Finance, is boosting the Data Center Construction market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Data Center Construction market identified that the demand is rising in many different parts of the world as "Continues Technological Advancements as well as Ongoing Research and Developments in Data Center Development and Growing Need for Data Centers with Maximum Data Storage and Minimum Space". Furthermore, some recent industry insights like "In 2010, the Office of Management and Budget (OMB) has launched the Federal Data Center Consolidation Initiative (FDCCI) to promote the use of green IT by reducing the overall energy and real estate footprint of government data centers; reduce the cost of data center hardware, software, and operations; increase the overall IT security posture of the Federal Government; and shift IT investments to more efficient computing platforms and technologies." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Data Center Construction market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Data Center Construction market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Data Center Construction market size is calculated using market estimation process, the Data Center Construction market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Data Center Construction market size has been validated using both top-down and bottom-up approaches.