Latin America Data Center Construction Market Size to Worth $316 Million by 2023
Arizton’s recent market research report on the data center construction market in Latin America provides comprehensive industry analysis, trend forecasts, and competitive analysis. The research study segments the market by type (building development, installation and commissioning services, building design, physical security, and DCIM), by geography (Brazil, Colombia, Chile, and Rest of Latin America), and offers detailed competitive analysis.
The Latin America data center construction market size is projected to reach values of around $316 million by 2023 and is expected to grow at a CAGR of approximately 11% during the forecast period.
The improving the broadband and network connectivity is driving demand in the Latin American market. The leading operators are focusing on deploying colocation and modular infrastructure projects to attract new consumers and gain a larger market share.
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The top 3 drivers and trends augmenting the growth of the data center construction market in Latin America are discussed below:
Increased Interest for Modular Data Center Deployment
The leading infrastructure vendors are offering modular solutions which in turn, is boosting the demand in the Latin America data center construction market. The key players are providing the modular infrastructure that includes pre-fabricated data center facilities, racks, and containment systems. The deployment of modular data center takes up to 8 weeks’ time and the OPEX of these facilities around 30% less than the traditional centers. The growing need for additional infrastructure to improve availability is propelling the growth of modular infrastructure solution in the Latin American market. Telecommunications operators are the largest adopters of these solutions across Latin America. The leading vendors are focusing offering modular infrastructure that is energy efficient and is designing facilities that support high rack density. Such developments will help to reduce operating costs and help companies gain a larger share in the Latin America data center construction market.
Increase in Adoption of DCIM Solutions
The growing focus on adopting DCIM solutions is augmenting the growth of the Latin America data center construction market. The incorporation of DCIM solutions will help vendors offer end-to-end monitoring and automation services across facilities in the Latin American market. These monitoring and management solutions identify the maintenance of infrastructure to avoid operational failure and help to maintain backup cooling during outages. The development of modern cooling infrastructure that offers controls for direct and remote monitoring of facilities will revolutionize the market in Latin America. Various leading operators are identifying the potential benefit of using DCIM systems to monitor and automate in data centers to attract new consumers and gain a larger market share in Latin America.
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Growing Rack Power Density in Data Centers
The increasing demand for solutions such as cloud computing, Internet of things (IoT), and big data analytics across industries will attribute to the growth of the Latin America data center construction market. The BFSI, healthcare, government, and heavy industries are adopting cloud-based services that increase the utilization of IT infrastructure and driving the growth of the market in Latin America. The increase in rack power density and the growing requirement of high-performance computing (HPC) and virtualization will drive the demand for new facilities in the Latin American market. The rapid deployment of the modular data center that involves racks that can support up to 10kW or beyond expected to continue to trend in the Latin America data center construction market during the forecast period.
The leading vendors in the data center construction market in Latin America are 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.
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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