London, United Kingdom, February 01, 2017 --(PR.com
)-- Beige Market Intelligence has released an exclusive report with title Global Data Center Construction Market – Strategic Assessment and Forecast 2017-2022. The 185-page report provides the present scenario and growth aspect of worldwide data center construction market and forecast till 2022.
Data centers are essential for any business operations. Whether it is BFSI, Healthcare, telecommunication, manufacturing, or cloud service provider; everyone need data center for storing large amount of unstructured data, business operation applications, processing of data.
The data center construction market is going to witness a drastic change in the forthcoming years. Analyst at Beige Market Intelligence says, "Global Data Center Construction Market is expected to reach US$ 73 billion by 2022. The market is expected to witness an increase in revenue in 2016-2022 and anticipated to witness a decline in revenue afterwards."
Earlier in a report published by Beige Market Intelligence with title “Strategic Assessment of Worldwide Data Center Construction and Forecast Till 2021,” it was mentioned that the market will reach US$ 54 billion by 2021. Data center construction spending to reach to the most with an average US$ 5. Hence, It can be easily inferred that till the year 2022 the market is going to increase in terms of revenue and afterwards there can be a declination.
This market research report categories the global data center construction market based on type of construction, tier standards and geography. This market research includes a detailed market segmentation:
By Types of Construction
· Electrical Construction
· Mechanical Construction
· General Construction
By Tier Standards
· Tier 1&2
· Tier 3
· Tier 4
· Latin America
· North America
· Rest of the World
· New Zealand
· Nordic region
Tier 3 and Tier 4 data canter will witness a high growth in revenue
Level of service offered by data center facilities can be identified based on a tier system. A data center is segmented in Tier 1, Tier 2, Tier 3, and Tier 4. Rapid growth in data center construction of Tier 4 standard is expected during the period 2016-2018. Also, the market for Tier 3 data centers is expected to grow steadily in terms of revenue during the forecast period, but its growth rate is expected to fluctuate depending on new data center projects demand. Construction of Tier 3 and Tier 4 data centers can reduce by the end of the forecast period, which in turn will steady the overall growth in the coming years. A detailed description of the market size and market growth forecast for all the tier standards is included in the report.
Revenue from General construction will be more than the electrical and mechanical construction
Global Data Center Construction market can be segmented based on the type of construction as Electrical Construction, Mechanical Construction, and General Construction. In 2016, electrical construction was the leading revenue contributor. However, by 2022, revenue from General construction will be more than the Electrical and mechanical construction. The report includes a comprehensive study of all the construction types and provides the market size, market revenue, drivers of all the types.
APAC is expected to have the majority market share
The report includes the market analysis of global data center construction market in different regions such as North America, APAC, Europe, MEA, Latin America and ROW. The report outlines the major market share holder in global market and the market size analysis of all the regions. In 2016, number of data center construction was more. Hence, North America was accounted for the largest market share, and led the global data center construction market. It was followed by APAC. However, the scenario is going to change significantly by 2022. APAC is expected to have the majority market share followed by North America. The reason being, almost 40% of large data centers construction will be by China, SEA, and India. Hence, APAC region is going to witness a double digit growth during 2016-2022.
The major players identified within the report are AECOM, DPR Construction, Holder Construction, Jacobs Engineering, and Turner Construction.
The report also covers the other prominent vendors in the market such as Arup Group, Corgan Associates, Fluor, Gensler, HDArchitecture, ISG, JonesEngineering, Nakano, Schneider Electric, Sweett, Syska Hennessy, SISK.
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