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Report Overview
The global data center construction market size reached approximately USD 66.23 billion in 2023. The market is projected to grow at a CAGR of 7.2% between 2024 and 2032, reaching a value of around USD 123.82 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Data Center Construction Market Share
Small and medium scale data centers are expected to dominate the data center construction market share in the coming years.
Small and medium scale data centres are expected to constitute a major market share in the coming years. This can be attributed to the proliferation of latency-sensitive services provided digitally, which are necessitating the need for establishing edge computing data centers at locations which are the closest to the consumer.
Over the forecast period, thousands of small and medium scale data centers are expected to be established by companies, which can impact the data center construction market growth favourably. As the challenges surrounding manpower shortages and supply chain delays ease, the construction of large scale data centers is also expected to register a significant growth. Such data centers play a critical role in storing and processing large amounts of data which are required by multinational companies.
The BFSI sector is a significant end-user of data center construction due to the digitisation of banking services
The banking, financial services, and insurance sector is expected to lead the market in the coming years. The digitalisation of banking services and products has created the need for maintaining an online customer profile with records of their previous interactions with the bank. Data centers have also become important for storing sensitive customer information, including video KYCs and ATM card details, aiding the data center construction market expansion.
The IT and telecommunications industry is also expected to remain a significant end-user of data centers. Data centers enable high speed processing and connectivity of data, while ensuring data safety and security of transmission. A similar trend of growth is also expected to occur for the healthcare, and government and defence sectors, among others.
Data Center Construction Market Report Snapshots
Data Center Construction Market Size
Data Center Construction Market Trends
Data Center Construction Market Share
Data Center Construction Companies
Data Center Construction Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 66.23 billion.
The market is estimated to grow at a CAGR of 7.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 123.82 billion by 2032.
The market is being driven by the developments in cloud-based technologies, rise of remote working culture, and proliferation of IoT devices.
The key trends aiding the market expansion include improvements in energy efficiency, establishment of high load capacity and weather resistant data centers, and the development of modular data centers.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major sizes of data center include small and medium scale data center and large scale data center.
The major players in the market are AECOM, HITT Contracting Inc., Jacobs Solutions Inc., Hensel Phelps, IBM Corp., PCL Constructors Inc., Skanska AB, Clune Construction Company, J.E. Dunn Construction Company, Turner Construction Company, Holder Construction Group, LLC, and DPR Construction, among others.
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