Scope of the Study
Growing demand for innovative construction techniques and increasing demand for data traffic due to IoT, cloud-based services and data analytics will help to boost global data center construction market in the forecasted period. Data center construction is a collective subset of procedures that are used to construct the physical data center facility. The main focus of data center construction is computing locations where a huge amount of data is been gathering, processing, distributing and storing. Additionally, it is used for site selection, cost analysis, negotiating with contractors and data center conceptualization and are used to decrease the risk of data transmission with efficient routing with wires, without disrupting the data centers operations.
The market study is being classified by Type (Electrical Construction, Mechanical Construction and General Construction), by Application (UPS, Energy storage, Generators, Transfer switches and switchgear and Others) and major geographies with country level break-up. According to AMA, the Global Data Center Construction market is expected to see growth rate of 12.34% and may see market size of USD28.73 Billion by 2024.
AECOM (United States), Arup Group (United Kingdom), Corgan Associates (United Arab Emirates), DPR Construction (United States), Fluor Corporation (United States), HDR Architecture (United States), Holder Construction Company (United States), ISG Construction (United Kingdom), Jacobs Engineering Group Inc. (United States) and Jones Engineering Ltd (Ireland) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Nakano Corporation (Japan), Schneider Electric SE (France), Sisk Group (Ireland), Sweett Group (United Kingdom) and Turner Construction Company (United States).
Research Analyst at AMA predicts that Unites States Players will contribute to the maximum growth of Global Data Center Construction market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Data Center Construction market by Type, Application and Region.
On the basis of geography, the market of Data Center Construction has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct Sales will boost the Data Center Construction market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use Industry, the sub-segment i.e. Finance will boost the Data Center Construction market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Demand for Innovative Construction Techniques
Market Trend
- Increasing Adoption and Innovations Such as Submarine Data Centers and Introduction to Modular Data Center Construction
Restraints
- Robust Initial Investment as well as Maintenance Cost
- Complexities in Exact Designing and Hardware Requirement Analysis
Opportunities
- 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
Market Leaders and their expansionary development strategies
On March 22nd, 2019, ARC Nuclear Canada, Inc. has entered an agreement with AECOM, a premier, fully integrated global infrastructure firm, to continue its development of the Advanced Reactor Concepts ARC-100 technology.
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.
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.
Key Target Audience
Associations, Government Regulators, Research and Development Organizations and Others
Customization in the Report Available:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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