The Business Research Company’s Data Center Construction Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Data Center Construction Global Market Report 2023 evaluates data center construction market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global data center construction market is expected to grow from the data center construction market size has grown strongly in recent years. It will grow from $250.4 billion in 2023 to $270.07 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to growing demand for data storage and processing, rising investments in digital infrastructure, globalization, demand for colocation data centers.The data center construction market size is expected to see strong growth in the next few years. It will grow to $364.67 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.
The surge in data usage in cloud computing is expected to propel the growth of the data center construction market in the coming future. Data usage refers to the amount of data uploaded or downloaded using data on a device. This necessitates the construction of a data center building business to build more data center spaces. For instance, in November 2022, according to a legal technology survey report conducted by the American Bar Association, a US-based association of lawyers and law students, the overall cloud data usage climbed significantly from 60% in 2021 to 70% in 2022, with solo cloud users increasing from 52% to 84% in a year. Therefore, the surge in data usage in cloud computing is driving the data center construction market.
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The data center construction market segments in the report are:
1) By Data Center Type: Small-Scale Data Centers, Medium-Scale Data Centers, Large-Scale Data Centers
2) By Infrastructure: Electrical Infrastructure, Networking Infrastructure, Other Infrastructures
3) By Power Distribution And Cooling Infrastructure: Power Distribution, Cooling
4) By End-Use: Banking, Financial Services and Insurance (BFSI), Energy, Government, Healthcare, Manufacturing, IT And Telecom, Others End-Uses
The table of contents in TBRC’s data center construction market report includes:
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