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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 Size
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.
Key Takeaways
- In 2023, the United States had 5375 data centers, followed by Germany (522), Britain (517), and China (448 ).
- World’s biggest data centers by power consumption are situated in Northern Virginia, Beijing, London, Singapore, and other global cities.
- In November 2023, Microsoft is investing $500 million in Canada to construct new data centers and increase its local cloud footprint by 750%.
Data center construction refers to the process of building a physical facility to maintain essential IT infrastructure that is responsible for storing, managing, and running various applications and services. It is supported by a robust network of uninterruptible power supplies, security systems, and proper ventilation and cooling systems, among others, to ensure its smooth functioning. It provides multiple benefits to businesses, including operational flexibility and significant cost savings.
The market is being driven by developments in cloud-based technologies, the rise of remote working culture, and the proliferation of IoT devices. Hyperscalers such as Google, Meta and Microsoft are witnessing a surge in demand for their services, which is positively influencing the data center construction market.
Business productivity has steadily improved with time as the construction of data centers has enabled people to collaborate on important projects remotely. Besides, the increasing popularity of smart devices is also favouring the demand for data centers.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124