Covid-19 Impact on Data Center Construction Market Analysis by Size, Share, Future Scope, Emerging Trends, Sales Revenue and Regional Forecast to 2023

Covid-19 Impact on Data Center Construction Market Analysis by Size, Share, Future Scope, Emerging Trends, Sales Revenue and Regional Forecast to 2023

“Data Center Construction Market”
The COVID-19 pandemic disruption is estimated to transform the Data Center Construction Market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the Data Center Construction Market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues.

Data Center Construction Market

The global data center construction market is estimated to demonstrate 9.04% CAGR during the forecast period (2018-2023) owing to the emergence of data center facilities, asserts Market Research Future (MRFR). Data center can be referred to as a group of networked computer servers which are generally used by the organizations for processing, remote storage, and distribution of a large amount of data. Data center construction incorporates a collection of processes which is used for constructing data centers. With the proliferation of internet of things (IoT) and cloud, a voluminous amount of data has been generated which is likely to dictate the changing design of the data centers.

FREE PDF@ https://www.marketresearchfuture.com/sample_request/5809

Drivers and Restraints

The IoT is using a web of numerou resources such as computing economics, data analytics, rising utilization of IP- Based networking, cloud computing, and others that need a proper flow of data owing to which the gowth in the data center construction market can be witnessed.

The data center construction market is also witnessing a considerable boost from data center facilities founded by companies such as Google, Microsoft, Amazon, and Facebook. The surge can be attributed to cloud computing, which has gained notable superiority in the past few years, and its evolution safeguards the outlook of the market. These factors involve data center construction which in the coming years can gain considerable momentum as suggested by MRFR in its report.

On the other hand, the initial cost is pretty high that can put a rein on the market. The construction of the site comprises labor cost, power cost, site acquisition, net taxes, construction cost, equipment cost, machinery cost, and labor availability that can put a huge tab on the leger — incurring such a substantial expense at the beginning of the project or as an accumulation in the midway limiting many companies from implementing such a plan.

Global Data Center Construction Market: Segmental Analysis

The global data center construction market has been segmented on the basis of design type, tier type, and verticals.

By mode of design type, the global data center construction market has been segmented into mechanical construction and electrical construction.

By mode of tier type, the global data center construction market has been segmented into tier 1, tier 2, tier 3, tier 4. Among these, the tier 4 data centers are extensively used with dual power and redundant instances of storage, power cooling equipment, and network links. Tier 4 is considered the most advanced tiers in which redundancy is applied across the data centers.

By mode of verticals, the global data center construction market has been segmented into IT & telecommunication, BFSI, oil & energy, media & entertainment, and public sector. Among these, the IT & telecommunication segment is anticipated to occupy the largest market share with the growing need for connectivity. Data centers also add more fiber optic interconnects and racks for the servers which will result in the increased demand for data centers in the telecom sector.

Regional Insights

Geographically, the data center construction market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World.

Among all the regions, the North American region is considered to experience a significant market share owing to the sophisticated technology coupled with the augmenting demand for security, storage of data, and faster operation. Canada, the United States, and Mexico offer huge investments for research and development activities of big data and analytics which requires data centers to process and store the data. Such factors are estimated to trigger the demand for data center construction in this region.

The Asia Pacific region is estimated to be the fastest growing market owing to the presence of nations with high population. Also, the presence of IT & software industries coupled with the increasing demand for telecommunication applications is likely to fuel the market growth in this region. China has generated the highest revenue of USD 1625.7 million and is estimated to register a CAGR of 11.8% during the forecast period.

Competitive Analysis

The major market players functioning in the global market as identified by MRFR are Gensler (US), AECOM (US), HDR Architecture (US), Corgan Associates Inc. (US), Arup Group (UK), Holder Construction Group (US), DPR Construction (US), Page Southerland Page (US), Jones Engineering Group (US), Structure Tone (US), and others.

Don’t miss out on business opportunities in Data Center Construction Market. Get detailed report and gain crucial industry insights that will help your business grow.”

Other Related Market Research Reports:

Data Center Life Cycle Services Market Research Report- 2023

https://www.marketresearchfuture.com/reports/data-center-life-cycle-services-market-3872

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/data-center-construction-market-5809