The data center construction market size was US$ 59.9 billion in 2021. The data center construction market size is forecast to reach US$ 163.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 13.49% during the forecast period from 2022 to 2030.
A data center is a location where a company's IT infrastructure is housed, including computer systems, network systems, servers, and other associated components. The process of physically constructing a data center facility is known as data center construction. It blends data center operational environment requirements with construction standards. Data center construction typically focuses on capacity, disaster tolerance, and efficient design while developing and building a data center.
Factors Influencing Market Growth
Impact Analysis of COVID-19
The COVID-19 pandemic struck when demand for data center capacity increased, putting a cap on the number of new facilities available. There have been some influences on the industry, such as higher data network traffic due to the greater use of programs like Zoom, Microsoft Office, and others. Furthermore, the slow resumption of the construction of numerous data center facilities had to temporarily halt as part of the global lockdowns imposed in the aftermath of the COVID-19 epidemic. As a result, the COVID-19 pandemic had a negative impact on the global market growth.
Regional Insights
North America conquered the market for data center construction and garnered the largest revenue share in 2021. In addition to establishing a sophisticated network infrastructure, the U.S. is also a major cloud service provider, such as Amazon.com, Google, Inc., and Facebook. These companies are funding the construction of megastructures for additional data storage and processing abilities. Thus, these factors are forecast to open opportunities for market growth.
Leading Competitors
The leading prominent companies profiled in the global data center construction market are:
Scope of the Report
The global data center construction market segmentation focuses on Infrastructure, Tire Type, Enterprise Size, End-Users, and Region.
Segmentation based on Infrastructure
Segmentation based on Tire Type
Segmentation based on Enterprise Size
Segmentation based on End-Users
Segmentation based on Region