Newark, Sept. 4, 2023 (GLOBE NEWSWIRE) — The Brainy Insights estimates that $214.73 billion in 2022 worldwide data center construction market it will reach $470.07 billion by 2032. The deployment of 5G networks requires a robust data center infrastructure to support increased data traffic and low latency demands. Building data centers near 5G base stations can improve network performance. The demand for hybrid cloud solutions, combining public and private cloud services, presents opportunities to build data centers that facilitate seamless data integration and management across diverse environments. At the same time, designing data centers with AI-specific infrastructure, such as AI processors and optimized cooling systems, meets the growing demand for AI and machine learning applications. In addition, the use of digital twin technology in the construction phase improves the planning, monitoring and predictive maintenance of the project, improving efficiency and reducing risks.
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Key information of the global data center construction market
Asia Pacific is expected to witness the fastest growing market over the forecast period.
The Asia Pacific region has a large and growing population and rising urbanization rates. This results in increased Internet usage, online activities, and data generation, which requires robust data center capacity. The region also has high mobile and smartphone penetration, leading to increased mobile data consumption and the need for localized data centers to support mobile applications. In addition, emerging Asia Pacific economies such as China, India, Indonesia, and Vietnam are experiencing rapid economic growth. As businesses expand and modernize, the demand for data centers to support their operations grows significantly.
In 2022, the mechanical infrastructure segment had the largest market share with 36.47% and a market revenue of 78.31 billion.
The infrastructure type segment is divided into electrical infrastructure, mechanical infrastructure, and general infrastructure. In 2022, the mechanical infrastructure segment had the largest market share with 36.47% and a market revenue of 78.31 billion.
In 2022, the Tier III segment dominated the market with the largest share of 52.14% and revenue of 111.96 billion.
The Tier Type segment includes Tiers I and II, Tier III, and Tier IV. In 2022, the Tier III segment dominated the market with the largest share of 52.14% and revenue of 111.96 billion.
In 2022, the large organizations segment dominated the market with the largest share of 41.83% and a market revenue of 89.82 billion.
The organization size segment is categorized as small organization, medium organization, and large organization. In 2022, the large organizations segment dominated the market with the largest share of 41.83% and a market revenue of 89.82 billion.
In 2022, the IT and telecom segment recorded the highest market share of 40.72% and a market revenue of 87.44 billion.
The end-user segment includes BFSI, energy, government and defense, healthcare, IT and telecom, among others. In 2022, the IT and telecom segment recorded the highest market share of 40.72% and a market revenue of 87.44 billion.
Breakthrough in the market
In January 2023: NTT, a global leader in technology services, recently joined forces with Prestige Group, a leading real estate developer in India, to help establish a state-of-the-art data center in Bengaluru, India. This strategic partnership meets the growing need for a robust data infrastructure and cloud services within the region. The synergy between NTT and Prestige Group will create a 100MW data center. This venture also marks the entry of Prestige Group into India’s booming data center industry. Prestige Group, a local real estate development company, will be responsible for the construction of three data center buildings spanning 350,000 square feet (32,500 square meters) as part of a major $84.8 million deal. The initial building is expected to be completed next year. The comprehensive project will be executed in three phases, ultimately developing one million square feet of gross leasable area.
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Driver: Growing concerns about data privacy and security and 5G rollout.
Increased concerns about privacy and data security have led organizations to opt for on-premises data centers or private cloud solutions. These factors have led to more construction of dedicated data center facilities to ensure better control of sensitive data. In addition, the deployment of 5G networks demands more excellent computing resources to handle the increase in data traffic and support low-latency applications. Data centers, particularly those located at the edge, are essential to realize the full potential of 5G technology.
Restriction: Limited availability of skilled labor.
The construction and maintenance of data centers require a trained workforce with experience in various areas, such as electrical engineering, networking, cooling systems, and cybersecurity. More trained professionals are often required, which can lead to project delays and higher labor costs. Data centers must also comply with various regulations related to data privacy, security, environmental impact, and building codes. Navigating these complex compliance requirements can be time consuming and expensive.
Opportunity: Growing hybrid cloud solution and data center modernizations.
Hybrid cloud environments that combine public and private cloud services are becoming popular due to their flexibility and security benefits. Building data centers that facilitate hybrid cloud deployments can cater to enterprises seeking a balanced approach to data storage and processing. Many existing data centers are aging and may not meet the efficiency and capacity needs of today’s technology landscape. Upgrading and modernizing these facilities allows construction companies to offer improvements in refrigeration, power distribution, and energy efficiency.
Challenge: Location challenges and cooling and heat dissipation.
Finding suitable locations for data centers can take time due to factors such as proximity to urban centers, access to electrical infrastructure, and zoning regulations. Ensuring the correct location is essential to ensure operational efficiency and connectivity. However, efficiently managing the heat generated by data center equipment is crucial to avoiding equipment failure. Designing effective refrigeration systems that manage heat while minimizing energy consumption is a major challenge.
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Some of the major players operating in the global data center construction market include:
• Acer Inc.
• Group Arup Ltd.
• Cisco Systems, Inc.
• Clune Construction Company, LP
• Dell Inc.
• Digital Realty Trust Inc.
•DPR Construction Inc.
• Equinix, Inc.
•Fortis Construction Inc.
• Gilbane Building Company Inc.
• Hitachi, Ltd.
• Host Dime Global Corp.
• Hewlett Packard Business Development LP
• Huawei Technologies Co., Ltd.
• Hensel Phelps Construction Co. Inc.
• HITT Contracting Inc.
• IPXON networks
• JE Dunn Construction Group Inc.
• KIO networks
• MA Mortenson Company Inc.
• Nabholz Corporation
• NTT Global Data Centers
• Schneider Electric
• Institute SAS Inc.
• Turner Construction
• The Walsh Group
• Vertiv Corp Group.
Key segments cover the market:
By type of infrastructure
• Electrical Infrastructure
• Mechanical Infrastructure
• General Infrastructure
By type of level
• Level I and II
• Level III
• Level IV
By organization size
• Small organization
• Medium organization
• Large organization
By end user
• Government and Defense
• Health care
• IT and telecommunications
• North America (USA, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, rest of APAC)
• South America (Brazil and Rest of South America)
• Middle East and Africa (UAE, South Africa, rest of MEA)
About the report:
The market is analyzed based on value (billions of dollars). All segments have been analyzed at global, regional and national levels. The study includes the analysis of more than 30 countries for each part. The report analyzes drivers, opportunities, restraints, and challenges to gain critical insights into the market. The study includes Porter’s Five Forces Model, Attractiveness Analysis, Product Analysis, Supply and Demand Analysis, Competitor Position Grid Analysis, Distribution Channel Analysis, and Marketing.
About Brainy Insights:
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