Data Center Construction Market Share, Trend Analysis & Forecast, 2019 – 2028
A data center is a provision used by an enterprise to accommodate computer systems, servers, network systems, and other related components to support a company’s IT infrastructural needs. This involves storing, processing, and serving large amounts of crucial data, which ranges from small servers to robust large industrial scale equipment and dedicated client architecture. The construction of a data center is a critical task, which includes extensive planning in terms of location, storage, and material to be used to maintain and control the environment within the data center. The location is an important factor to be considered while planning to build a data center as it is very necessary to keep the environment cool inside the data center. The equipment inside the data center such as the server and storage are running 24x7 and they generate a large amount of heat, which could result in equipment failures, further affecting the efficiency of the service provider.
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DATA CENTER CONSTRUCTION MARKET REPORT OUTLOOK
The steady start of the construction of numerous data center facilities, which was postponed momentarily as part of the lockdowns implemented all over the world following the outbreak of the COVID-19 pandemic, and the start of new IT projects are likely to recover the market for data center construction in 2021. Further, the market is also anticipated to spectate incessant investments in the construction of hyperscale facilities, which houses IT infrastructure, power equipment, and cooling equipment.
Some of the major limitations for the expansion of the data center construction market are the lack of essential resources and the expanding popularity of containerized data centers. Containerized data hubs accommodate infrastructure support for corporations having a shortage of budget for constructing a data center, this eventually lessens the demand for the traditional data center.
COVID 19 IMPACT ON DATA CENTER CONSTRUCTION MARKET REPORT
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the pet grooming market. Additionally, complete analysis of changes on the Pet grooming market expenditure, economic and international policies on supply and demand side. The report also studies the impact of a pandemic on global economies, international trade, business investments, GDP, and marketing strategies of key players present in the market. The Covid-19 pandemic has created a shift towards the adaptation of cloud services that are more secure and scalable. According to NASSCOM, cloud spending in India is estimated to grow at a high CAGR to reach higher levels. Increase investment activity is expected from private players. For example, a Mumbai-based leading real estate developer announced an initiative to invest and establish Data Centers across India. One of the world’s largest Datacenter and colocation providers, Equinox has announced expansion into India through the acquisition of India operations of GPX Global Systems. The US-headquartered Digital Realty partnered with Indian conglomerate Adani group to develop and operate data centers and data center parks. Likewise, several investors are looking to enter this asset class.
DATA CENTER CONSTRUCTION MARKET SEGMENTAL OVERVIEW
The Data Center Construction market is segmented based on Infrastructure, Data Centre Type, Organization Size, Vertical and Geography.
DATA CENTER CONSTRUCTION MARKET BY INFRASTRUCTURE TYPE
The Data Center Construction market is categorized based on Infrastructure type, as Electrical Infrastructure, Mechanical Infrastructure, and General Infrastructure. The electrical infrastructure type section is determined to expand at the highest CAGR during the forecast period. This is associated with technological advancements to heighten the performance of electrical equipment. Extension of traits related to constant monitoring of power usage and making systems more redundant has considerably boosted the price of electrical equipment, which is assumed to propel the growth of this segment. The mechanical infrastructure type segment is estimated to witness a steady increase over the forecast period owing to the developments of cooling solutions to assure maximum productivity.
DATA CENTER CONSTRUCTION MARKET BY DATA CENTER TYPE
Based on Data Center Type, the Data Center Construction market is bifurcated into Tier 1&2, Tier 3, and Tier 4. The Tier-II and Tier-III markets have given an elevation to the unique classification of data centers (edge-data centers). The smaller data centers are characterized to have comparatively low well-funded opponents than Tier I markets and have a low barrier to entry, particularly to those high-quality data centers offering colocation. This enables them to realize the substitute the market quickly.
DATA CENTER CONSTRUCTION MARKET BY ORGANIZATION SIZE
Data Center Construction market based on Organization Size is bifurcated into Small Organizations, Medium Organizations, and Large Organizations. Large organizations such as the IT sector are prophesied to propel owing to increased demand for advanced amenities to handle data traffic. Furthermore, small and medium organizations such as local telecom service providers are expanding their broadband and telecom networks to improve connectivity, which is assumed to propel the demand for data center constructions in this sector.
DATA CENTER CONSTRUCTION MARKET BY VERTICAL
Based on Vertical, the Data Center Construction market is bifurcated into Banking, Financial Services, and Insurance (BFSI), Telecommunications and IT, Government & Defense, Healthcare and Others. The Banking, Financial Services and Insurance (BFSI) held the largest market share. To provide flexible services with improved security under a narrow budget new cloud computing-based business models and vehicles are determined and implemented. Additionally, in this transition towards the adoption of cloud computing, major cloud service providers are placing themselves to provide public and government agencies with strategy, architecture, and sophisticated solutions. Besides a collective point of view, businesses are bringing key frameworks and allied technology building blocks facilitating the enactment of cloud computing internally to an IT organization and government agencies, via cloud data centers.
DATA CENTER CONSTRUCTION MARKET BY GEOGRAPHY
Geographically the global Data Center Construction market is studied for the following region North America, Europe, Asia Pacific, Middle East & Africa, and the Rest of the World. The Asia Pacific drove the global market in terms of revenue. The overall personal care industry in the region has encountered an exponential extension over the past few years. Europe endured the second-largest share of the market. Technological improvements in the region coupled with the introduction of innovative creams and lotions are anticipated to have a positive impression on the region’s growth over the next few years. Surging demand for anti-aging creams on account of varied aspects is further assumed to impel market development in the prognosticated years.
DATA CENTER CONSTRUCTION MARKET KEY PLAYER
The major players in Data Center Construction market are IBM, Hewlett Packard Enterprise, Dell EMC, Lenovo, Oracle, Fujitsu, Cisco, Equinix, Inc., Corgan Associates, Inc., Holder Construction, Turner Construction, DPR Construction, and tructure Tone among others.
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