Increased demand for cloud computing and growing customer base for colocation providers and managed service provider are going to boost the data center construction market growth in America
Arizton’s recent market research report on the data center construction market in Americas provides comprehensive industry analysis, trend forecasts, and competitive analysis. The research study segments the market by type (building development, installation and commissioning services, design, security, and DCIM), by tier standard (Tier I and Tier II, Tier III, and Tier IV), and by geography (North America and Latin America).
The data center construction market in Americas is expected to reach revenues of more than $3.5 billion by 2023 and is projected to grow at a CAGR of close to 5% during the forecast period. The growing adoption of cloud-based service, big data analytics, and IoT across industries is contributing to the growth of the data center construction market in America. The development of modular and edge data centers across the American region will create lucrative opportunities for leading vendors in the market.
Request for your free sample today!
The top 3 drivers and trends driving the growth of the data center construction market in America are discussed below:
Increased Demand for Cloud Computing
The increasing demand for IaaS and cloud computing in the US, Canada, and Latin America will drive the growth of the data center construction market in Americas. The development of colocation, managed services, and cloud-connectivity services will increase the demand for data center construction in the American market. Leading vendors are expanding their businesses to various cities in Latin America to meet the growing demand for construction services in the region. The construction of additional data centers in Virginia, US will create new opportunities for vendors in the data center market in Americas. The growing need for digitalization will fuel the construction of mega data centers with innovative green facility design, use of effective DCIM solutions, and increased physical security of the facility. Such developments will have a positive impact on the growth of the data center construction market in Americas.
Growing Customer Base for Colocation Providers and Managed Service Providers
The increasing demand for colocation, managed services, interconnection, and cloud connectivity solutions is attributing to the growth of the data center construction market. The growing need for colocation data centers from industries such as BFSI, Cloud Providers, Media and Entertainment, and Government will create profitable prospects for leading vendors in the American market. The colocation service providers are targeting to reduce CAPEX and OPEX by 50% by introducing energy efficient infrastructure, procurement of renewable power for their operations, installation of the rack with high power density, cloud connectivity, and tapping edge market opportunities.
The US is the largest revenue generator and have the highest number of operational colocation data centers in the American market.
Additionally, the increasing number of colocation service providers in both Latin America and Canada will contribute to the development of the data center construction market in America.
Request for your free sample today!
Increase in Adoption of Automation and Monitoring Solutions
The rapid implementation of automation and monitoring solutions will transform the data center construction market in Americas. The adoption of these innovative solutions will help reduce the cooling and operating costs across data center operations in the region. The implementation of data center automation will identify the maintenance of infrastructure to avoid operational failure and reduce energy consumption and wastage energy in the facilities. Modern data centers are implementing controls for direct and remote monitoring of facilities thereby, propelling the growth of the data center construction market.
The leading vendors in the data center construction market in Americas are Turner Construction, Holder Construction, DPR Construction, Jacobs Engineering, Corgan, AECOM, Syska Hennessy Group, Aceco TI, ABB, Assa Abloy, Bosch Security Systems (Robert Bosch), Honeywell International, Nlyte Software, Schneider Electric, Siemens, SimplexGrinnell (Tyco International), Sunbird Softwa, and Vertiv.
The complete overview of the latest market research report on data center construction market in Americas 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.
Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Mar 15, 2023
STOCK MUSIC MARKET EXPERIENCING MASSIVE DEMAND – HUGE MARKET TO INVEST IN!
The rising demand for improving video and movie experience creates large avenues for the stock music...
Jan 30, 2023
More than USD 200 Billion Opportunities Opening Up in the Flooring Market
Arizton estimates that there are more than 200 billion Opportunities in the flooring market. Growing...
Jan 18, 2023
Netherlands Used Construction Equipment-Compact Electric Used Construction Equipment Sales Booming
More than 22k Units of Used Construction Equipment to be Sold in Netherlands...