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According to the latest report by IMARC Group, titled “Data Center Construction Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global data center construction market was worth US$ 47.2 Billion in 2021. Data center construction involves planning, engineering, project management, preventative maintenance and building data centers. It primarily focuses on designing data centers that are disaster tolerant, require minimal wiring and can accommodate all servers and equipment for current and perceived future use. The construction of data centers is a complex and time-consuming process that plays an essential role in managing IT-related systems and equipment for an organization. The demand for new data centers is further increasing with the rising number of devices connected to various public and private networks, advanced software development, and installation systems, which are driving organizations to adopt advanced storage and processing solutions.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Data Center Construction Market Trends:
The global data center construction market is primarily driven by the growth of the IT sector and the increasing penetration of connected devices. Data center construction consists of backup power supplies, data communication connections, security devices, air conditioning, and fire suppressants. These components aid in improving the computing ability, memory, storage resources, and networking infrastructure. The rising Internet of Things (IoT) applications, demand for cloud-based services, and development of edge computing are positively impacting the market growth. Besides this, green data centers are increasingly gaining prominence due to the utilization of low-emission building materials that help create sustainable ecosystems. Furthermore, leading public cloud providers, such as Microsoft, Google, and Amazon, are continuously investing in the construction of high-end IT infrastructure using liquid cooling technology and direct-to-chip cooling server racks to prevent overheating in data centers. On account of these factors, the market is expected to grow at a CAGR of 9% during the forecast period (2022-2027).
Market Summary:
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