Global Data Center Construction Market 2018-2022 to Post a CAGR of 11% Over the Next Four Years | Technavio
LONDON--(BUSINESS WIRE)--Sep 13, 2018--The global data center construction market is expected to post a CAGR of over 11% during the period 2018-2022, according to the latest market research report by . However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.
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Technavio has published a new market research report on the global data center construction market for the period 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the high demand for cloud-based services. Cloud storage is one of the most important innovations that disrupted the storage market. It is an “on-demand” service that is provided to users by various service providers such as Amazon.com, Facebook, and Google. Cloud-based services are offered to users without the need for hardware, making it possible for users to access computing resources anytime, and from any location, without any supporting hardware. Therefore, the growing adoption of cloud computing has been one of the major reasons for the increasing demand for data centers.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the growing interest in green data centers as one of the key emerging trends in the global data center construction market:
Global data center construction market: Growing interest toward green data centers
Power consumption and carbon emission are the two major concerns for data center operations across the globe. The increase in power consumption has necessitated the use of renewable energy sources and the use of energy-efficient infrastructure for data center operations. Renewable energy sources, free cooling, and waste recycling are being implemented in data centers to improve their efficiency and performance in terms of reduced electricity cost and carbon footprint. Colocation providers have started to use renewable energy as power for their facilities. Therefore, the growing interest in green data centers is expected to boost the growth of the overall global market.
“Apart from green data centers, the emergence of containerized and micro-mobile data centers is another major factor that is driving the growth of the global market,” says a senior analyst at Technavio for research on data centers.
Global data center construction market: Segmentation analysis
This market research report segments the global data center construction market by geographical regions (APAC, EMEA, and the Americas).
The Americas led the market in 2017 with a market share of close to 49%, followed by EMEA and APAC respectively. However, during the forecast period, the EMEA region is expected to show the highest incremental growth followed by the APAC region.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA SOUTH AMERICA AFRICA MIDDLE EAST
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE
SOURCE: Technavio Research
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PUB: 09/13/2018 12:16 AM/DISC: 09/13/2018 12:16 AM