Data Center Construction Market Size Is Expected To Reach USD 308.7 Billion By 2027

 San Francisco, 10 Aug 2022: The Report Data Center Construction Market Size, Share & Trends Analysis Report By IT Infrastructure, By Power Distribution & Cooling Infrastructure, By Miscellaneous Expenses, By Tier Type, By End-use, By Region, And Segment Forecasts, 2020 - 2027

The global data center construction market size is anticipated to reach USD 308.7 billion by 2027, according to a study conducted by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.4% from 2020 to 2027. The growth is attributed to the growing need for data storage processing capacity as digital transformation continues to gain pace across small as well as large enterprises. The demand for cloud computing and virtualization along with rise in digital transformation has increased data consumption and volume of information processed. The growing preference for contactless payments and remote working amid the COVID-19 outbreak is driving the need for high-speed information processing and storage capacity across various industries and industry verticals. All these factors bode well for the growth of the market.

The continued rollout of 4G and 5G high-speed networks and the gradual emergence of quantum computing are expected to encourage the adoption of connected vehicles and smart appliances among individual consumers as well as enterprises. Subsequently, the demand for adequate storage capacity and high-speed information processing capability is also expected to increase. The growing demand for storage and high-speed information processing capacity is prompting IT infrastructure companies to opt for the latest, advanced storage solutions, including flash memory and Solid-State Drives (SSD).

While the use of social media shows no signs of abating, the preference for online shopping and OTT platforms is also growing as the emergence of 5G technology is ensuring high-speed internet access in both urban and rural areas and is subsequently driving data volumes. The growing preference for using social media platforms and online shopping portals among individuals is particularly expected to drive the market.

The IT infrastructure providers focus on appropriate management of power distribution and cooling as part of the efforts to control power consumption, enhance operational efficiencies, and ultimately reduce the carbon footprint. As a result, innovative cooling techniques, such as liquid cooling and liquid immersion, are being deployed at data center facilities. Furthermore, in a bid to reduce power consumption, data center providers are migrating toward the construction of edge and colocation data centers.

Access Research Report of Data Center Construction Market @ https://www.grandviewresearch.com/industry-analysis/data-center-construction-market

Data Center Construction Market Report Highlights

• The IT infrastructure segment is expected to register a CAGR of 6.3% over the forecast period as a result of the increasing demand for high-performance computing servers, storage capacity, and sophisticated networking infrastructure
• In Asia Pacific, the market is expected to witness high growth over the forecast period in line with the rapid development of IT and communication infrastructure and the continued rollout of 5G networks
• Key players focus on product innovation and introduction of new technologies to their portfolio. For instance, in June 2018, Huawei Technologies Co. Ltd. released Smart DC 3.0, a solution that leverages AI technology to manage cooling and the utilization of power and resources

List of Key Players of Data Center Construction Market

• IBM
• Hewlett Packard Enterprise
• Dell EMC
• Lenovo
• Oracle
• Fujitsu
• Cisco
• Equinix, Inc.

Access Press Release of Data Center Construction Market @ https://www.grandviewresearch.com/press-release/global-data-center-construction-market