According to Technavio, the worldwide data center construction market is expected to grow at a CAGR of 19.5% over the next eight years. Currently, more than half of the new facilities are already leased out, according to the market research firm. This growth will only continue if the data center sector is able to transform its construction practices. The data center construction market is also anticipated to grow as hyperscale operators and cloud computing services become more prevalent.
The growth of the data center construction market is affected by the costs of building these facilities.
Consequently, vendors focus on regions with lower costs. The regions with the lowest costs are Texas, North Virginia, and Arizona. However, these states are competing with one another for data center construction projects. Therefore, vendors must be prepared for such a competitive environment. In addition to the factors mentioned above, the data center construction market is expected to grow at a CAGR of around 7% over the next eight years.
This report evaluates the worldwide Data Center Construction market on the basis of value and volume. Using quantitative data and qualitative analysis, the report provides regional forecasts from 2021 to 2030. It includes regional sales/revenue, gross margin, and future perspectives for the Data Center Construction market. You can download a copy of the report today and gain insight into the market. Consider investing in data center construction.
The United States is recognized as a leader in the adoption of new technologies. Many companies have begun building new data centers and colocation facilities. Additionally, increasing investments in metro infrastructures are resulting in optimal conditions for data center construction. In Texas, for example, CyrusOne has announced plans to build a 340,000-square-foot mega data center in the Dallas metro area over three phases. This growth is expected to continue.
Global data center construction market size was estimated at US$ 45.1 billion in 2018 and is expected to grow at an annual CAGR of 8.4% during the forecast period. As of 2018, energy efficient data centers are becoming more common as companies strive to reduce their environmental impact. Using alternative energy sources such as solar panels and heat pumps are another way to reduce data center carbon footprints. The report also identifies the best equipment positioning for the data center.
As technology continues to evolve, the market shifts and grows quickly.
Companies need to understand the patterns of market growth and decline to stay ahead of the competition. With this in mind, the report published by Technavio will help companies understand the changes in the market and plan accordingly. The report is a comprehensive study of the industry. The report identifies trends and opportunities and highlights recent industry news.
In Indonesia, the data center market is dominated by the BFSI industry. Increased adoption of cloud-based services and digital payments has fueled data center demand. In addition, the country’s emergence of 5G technology is also expected to boost data center construction in Indonesia. In terms of end users, the BFSI sector accounted for the largest share of the data center market in Indonesia, followed by the IT/ITES industry.