Data Center Construction Market in Colombia to Worth $36 Million by 2023
Arizton’s recent market research report on the data center construction market in Latin America identifies KKR Investment Group (Aceco TI S.A.), AECOM, Flex Enclosure, ZFB Group, ABB, Assa Abloy, Bosch Security Systems (Robert Bosch), Honeywell International, Schneider Electric, Siemens, and Vertiv as the leading vendors that are likely to dominate the market during the forecast period. This research report provides a detailed analysis of market segmentation by type (building development, installation and commissioning services, building design, physical security, and DCIM) and by geography (Brazil, Colombia, Chile, and Rest of Latin America).
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The data center construction market in Latin America is divided into two major segments that include by type and by geography.
Colombia to grow at a steady CAGR in the data center construction market in Latin America during forecast period
The data center construction market in Latin America by geography is segmented into Brazil, Colombia, Chile, and Rest of Latin America.
Colombia dominated a majority market share in 2017 and is projected to grow at a CAGR of around 12% during the forecast period.
The growing penetration of smartphone and the telecommunication providers initiatives to improve broadband connectivity is propelling the growth of the market in this region. The deployment of submarine cables connecting the US, Colombia, the Caribbean, and other Latin American countries will boost the demand for new facilities in the region during the forecast period. Colombia is also one of the most popular destinations for data centers in Latin America. The increase investments made by local and global modular data center providers will propel the development of the Colombian market. Colombia’s Free Trade Zone is attracting maximum investments and is also a reliable hub for data center operations in the Latin American market.
DCIM to grow at the fastest CAGR in the data center construction market in Latin America during forecast period
The type segment in the data center construction market in Latin America is divided into building development, installation and commissioning services, building design, physical security, and DCIM.
DCIM is the fastest growing segment of the market at a CAGR of more than 20% during the forecast period.
The availability of DCIM solutions that helps operators with analyzing the lifecycles and maintenance requirement of facilities is propelling the growth of the market in Latin America. The leading players are offering DCIM systems that help in controlling power consumption, improving efficiency, and aiding in operating the green data center environment in the Latin American market. Such innovative maintenance solutions are expected to transform the data center construction market and help companies gain a larger market share in the Latin American market. The launch of DCIM solutions that primarily focus on monitoring and managing specific infrastructures such as power and cooling will help players attract new consumers. These systems are also designed to significantly reduce OPEX, power consumption, and decreasing carbon emission of facilities across the region.
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The other prominent players in the data center construction market in Latin America are Fluor Corp., Jacobs Engineering Group, Holder Construction, Mortenson Construction, Axis Communication, Cisco, Eaton, Intel DCM, and Panduit.
The complete overview of the latest market research report on data center construction market in Latin America by Arizton is now available.
The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.
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