Data Center Construction Market in North America to Worth $3.2 Billion by 2023
Arizton’s recent market research report on the data center construction market in Americas identifies 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 Software, 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, 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 generate revenues of more than $3.5 billion by 2023 and projected to grow at a CAGR of close to 5% during the forecast period.
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The data center construction market in Americas is divided into three major segments that include by type, tier standard, and geography.
North America to dominate the data center construction market share in Americas during the forecast period
The data center construction market in Americas by geography is segmented into North America and Latin America.
North America will dominate the data center construction market in Americas generating revenues of around $3.2 billion by 2023 and is expected to grow at a CAGR of more than 4% during the forecast period.
The US generated more than 85% of investment in data center market in North America. The growing demand for colocation and edge data center facilities is propelling the growth of the data center construction in the region. The increasing number of connected devices and the rising demand for video and data services will help in the development of the data center construction market in Canada. Moreover, the increasing investment in renewable energy in major cities in Canada will help operators introduce sustainable power sources in the data center construction market over the next few years.
DCIM to grow at the fastest CAGR in the data center construction market in Americas during the forecast period
The data center construction market by type is classified into building development, installation and commissioning services, design, security, and DCIM.
DCIM is the fastest growing segment of the market at an impressive CAGR of over 15% and is expected to generate revenues of more than $247 million during the forecast period.
The growing need to reduce OPEX of the data center, power consumption, and carbon emission rate of the facilities is leading to the adoption of data center infrastructure management (DCIM) in the American market. DCIM offers inventory management, capacity management, and helps in improving the efficiency of operating green data center environments in the region. Moreover, the implementation of artificial intelligence (AI) and robot monitoring systems will transform the data center construction market in Americas during the forecast period.
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Tier IV facilities to grow at a significant CAGR in the data center construction market in Americas during the forecast period
The tier standard in the data center construction market is divided into Tier I and Tier II, Tier III, and Tier IV. Tier IV facilities are the fastest growing segment of the market at a CAGR of more than 6% and are projected to generate revenues of over $1.1 billion during the forecast period. The growing efforts to build sustainable data center facilities in eco-friendly zones with innovative design structure and with multi-layer security to protect the infrastructure from flood and earthquakes will augment the development of this market segment in the data center construction market.
Leading companies such as Facebook, Apple, Microsoft, and Google are the largest hyperscale developers and contributors of Tier 4 data center facilities in the American market.
The other prominent players in the data center construction market are Clune Construction, Fluor Corporation, FM Engineering, Fortis Construction, Gensler, Gilbane Building Co., HDR, Hensel Phelps, HITT Contracting, Hoffman Construction, Je Dunn Construction, Morrison Hershfield, Mortenson Construction, Structure Tone, Whiting-Turner Contracting Co, ZFB Group, Flex Enclosure, Allegion, Axis Communication, Cisco, Cormant, Digitus-Biometrics, Eaton, EMKA Group, FNT, Geist: Environet, Hangzhou Hikvision Digital Technology, Intel DCM, Modius, Optimum Path: Visual Data Center, Panduit, Rackwise, and Vigilent.
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.
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