Global Data Center Construction Market Expected To Grow Through 2020
A new report by Technavio states the rise is due to adoption of cloud-based services.
The global data center construction market is expected grow at a CAGR of more than 12% during the period 2016-2020, according to Technavio’s latest report.
In this report, Technavio covers the market outlook and growth prospects of the global data center construction market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the market. It includes vendors across all geographical regions. The report provides the performance and market dominance of each of the vendors in terms of experience, product portfolio, geographical presence, financial condition, R&D, and customer base.
“The data center construction market is growing significantly with major contributions by cloud service provider (CSPs) and telecommunication and colocation service providers worldwide. The increased construction is facilitated by the increased demand for cloud-based service offerings and big data analytics driven by the stronger growth of data through connected devices in the form of the IoT,” says Rakesh Kumar Panda, a lead data center research expert from Technavio.
Technavio’s ICT research analysts segment the global data center construction market into the following regions:
In 2015, with a market share of close to 45%, Americas dominated the global data center construction market, followed by EMEA at around 34% and APAC with a little over 21%.