(Wireless-NewsWire.Com, December 06, 2018 ) As the penetration of connected devices worldwide increases, the storage demands for the humongous data that is being generated and is projected to snowball in the coming years, is also expected to increase. In order to address the burgeoning data storage space demand the data center service providers are rapidly expanding their data center capacities by building new data centers.
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In the coming years as the data traffic continues to increase with the use of large number of connected devices and easy access to internet coupled with decreasing cost of internet services, the demand for data storage is increasing worldwide. The proportion of data center traffic generated by cloud was around 1.2 zettabytes of data, according to Cisco Systems, and this comprised of 46% of the total traffic. Furthermore, the company estimates that in the year 2017, this data center traffic will increase to 69% or 5.3 zettabytes of all data traffic.
The global data center construction market accounted for US$ 43.7 Bn in 2017 and is expected to grow at a CAGR of 10.2% during the forecast period 2017 – 2025, to account for US$ 92.9 Bn in 2025.
The report focuses on an in-depth segmentation of this market based by types of construction, tier standards, and industry verticals. The geographic segmentation of the report covers five major regions including; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. North America is among the prominent regions in data center construction market which is anticipated to contribute highest revenue globally.
This is majorly attributed to the regions capability of imbibe advanced technological developments and considerable demand of data centers facilities across different industry verticals. Rapidly growing economies in Asia-Pacific (APAC) with significant growth in businesses generating ample of data and increasing penetration of connected devices is expected to contribute to the rise in data center construction. The APAC region is expected to lead the market with highest CAGR during the forecast period.
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In addition, the report also analyzes the current data center construction market scenario and forecasts the market till 2025. It covers market dynamics impacting the market and analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provides PEST analysis of all five regions along with the SWOT analysis for all company profiled in the report.
Some of the major players identified across the general construction segment are Whiting-Turner Contracting Co., Holder Construction Co., DPR Construction, Turner Construction Co. and AECOM. Major players across electrical segment includes Schneider Electric SE, Hitachi Ltd., and Fujitsu.
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