LONDON--(BUSINESS WIRE)--The data center general construction market size is poised to grow by USD 5.63 billion during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
Enterprises are widely adopting colocation and managed hosting services as opposed to running their own data centers, which results in high CAPEX and OPEX. Constructing a data center costs around USD 800 per square feet for tier 3 facilities. Thus, SMEs prefer to partner with CSPs to rent space in the data center facility for storing equipment. Colocation services offer a shared, secure space for SMEs to store hardware, such as servers, storage devices, and network equipment. In addition, CSPs ensure the equipment is stored in a cool and monitored environment. CSPs partner with general construction providers to build data center facilities. For instance, Equinix partnered with the general construction provider DPR Construction for its Equinix Ashburn North Campus project. Thus, a rise in investments by CSPs will increase the demand for general construction providers, thereby driving the market under focus.
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As per Technavio, the growing focus on the construction of green data centers will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Data Center General Construction Market: Growing Focus on Construction of Green Data Centers
Green data centers are gaining popularity in the global data center general construction market. These data centers are energy-efficient and are built to minimize the environmental impact. Green data centers use low-emission building materials to create sustainable ecosystems and also ensure efficient waste recycling. Although building green data centers and obtaining certification is an expensive process, it is a cost-saving strategy in the long-term, which can reap benefits once the center is operational. Thus, the interest in green data centers is increasing rapidly, which is anticipated to drive the growth of the global data center general construction market size during the forecast period.
“Other factors such as the rise in M&A activities, and the growth in investments in hyperscale data centers will have a significant impact on the growth of the data center general construction market value during the forecast period,” says a senior analyst at Technavio.
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Data Center General Construction Market: Segmentation Analysis
This market research report segments the data center general construction market by type (base building shell construction and architecture planning and designing) and geography (APAC, Europe, MEA, North America, and South America).
The North America led the market in 2018, followed by Europe, APAC, South America, and MEA respectively. The growth of the data center general construction market share in North America can be attributed to several factors such as the rise in investment in data centers and increasing partnerships between general construction providers and data center providers.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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