The global data center construction market was valued at US$ 50,520.5 Million in 2020 and is expected to surpass US$ 95,388.9 Million by 2028, exhibiting a CAGR of 7.4% during the forecast period (2021-2028), according to the Global Data Center Construction Market Report, by Construction Type (Electrical Construction, Mechanical Construction, and General Construction), by Enterprise Size (Small & Medium Enterprises and Large Enterprises), by Tier Standards (Tier 1 & Tier 2, Tier 3, and Tier 4), by End Use Industry (BFSI, IT & Telecom, Defense & Government, Education, Healthcare, Utilities, Power & Energy, Media & Entertainment, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa), published by Coherent Market Insights.
In 2018, data center construction market generated revenue of US$ 42,320.6 Mn and is expected to reach US$ 86,872.3 Mn by 2027, exhibiting a CAGR of 7.4% over the forecast period from 2021 to 2028
The data center operators with standardized supply chains, with uniform build processes, using prefabricated components and with supplier contracts already in place will be best positioned to withstand temporary disruptions.
Global Data Center Construction Market - Impact of Coronavirus (Covid-19) Pandemic
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Key Trends and Analysis of the Global Data Center Construction Market:
For instance, in September 2021, ST Telemedia Global Data Center built hyperscale data center facility in Thailand within a data center campus. Therefore, increase in construction of hyperscale data centers is projected to significantly drive growth of data center construction market. Among enterprise size, large enterprises segment held a dominant position in the market in 2020 and is expected to retain its dominance during the forecast period. With the growth of data-intensive industries such as financial services, healthcare, telecommunications, e-commerce, and military, there is rising need for large scale data centers. There is increase in data center construction projects by large enterprises such as FAANG companies (Facebook, Apple, Amazon, Netflix and Google) and other tech such as Oracle, Microsoft, IBM Corporation, and others.