Datacenter Construction Market to 2022 – Global Analysis and Forecasts by Types of Construction, Tier Standards and Industry Verticals market is expected to grow US$ 68,953.8 million by 2022 from US$ 33,871.5 million in 2015. 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.
Technology segment by industry use vertical is accounted to hold the lions share in the global data center construction market. Data generated by large social media platforms such as Facebook & twitter, increasing utilization of smartphone applications, and adoption of smart devices are primarily driving the growth of this segment. Speed, size, and efficiency are the essential elements which nowadays rule the IT industry. Increased adoption of smart phones, laptops, tablets, gaming consoles and other gadgets for transferring data has created a need for additional data storage capacity. Data centers offer various benefits to IT industry such as speed of deployment, waste and energy efficiency and most important is scalability. Thus, IT industry is adopting the data centers for keeping pace in the highly competitive market.
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The global datacenter construction market by geography is segmented into six region including North America, Europe, Asia Pacific, Middle East & Africa and South America. North America is expected to account for the largest share of the global datacenter construction market in 2016, followed by Europe. North America in terms of technology service providers, financial industries and government agencies is considered to be one of the best represented region. The rapid pace of technological development and supporting government regulations made North America the most promising market for data centers.
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