SWOT Analysis

Strength: The data center construction market is witnessing high growth due to increasing investments by major companies in development of new data centers. They are focusing on development of green data centers to minimize operating costs and ensure sustainable operations. Further, increasing demand for cloud-based services among organizations is driving demand for advanced data centers with high connectivity and computing resources.

Weakness: High initial investment requirements for setting up hyperscale and modular data center facilities poses significant challenges. Further, growing stringent regulatory compliances regarding power consumption and emissions increases complexity and compliance costs.

Opportunity: Rising demand for data center colocation and interconnectivity services from Small and Medium Enterprises (SMEs) presents lucrative opportunities. Further, growing adoption of technologies such as artificial intelligence, big data analytics, and 5G networks will increase demand for data center capabilities.

Threats: Political uncertainties and stringent right of way regulations in some regions pose challenges. Further, growing service provider consolidation and market saturation in some developed markets poses threats from substitute services.

Key Takeaways

The Global Data Center Construction Market Size  is expected to witness high growth over the forecast period of 2024 to 2031. The market size is projected to reach US$ 72099.62 Mn by 2031, expanding at a CAGR of 6.4% during the forecast period.

Regional analysis

North America dominates the global data center construction market currently. Majority of global hyperscale data center investments are concentrated in the U.S. driven by high demand for cloud-based services. The region is expected to maintain its leading position over the forecast period as well. Asia Pacific market is expected to witness fastest growth owing to rapid digitalization of industries and initiatives by governments in countries such as China and India to develop local data center infrastructure to support economic growth.

Key players

Key players operating in the data center construction market are Regeneron Pharmaceuticals, Inc., Alimera Sciences, Oxurion NV., Abbvie Inc. and F. Hoffmann-La Roche Ltd. Major companies are focusing on strategic collaborations and acquisitions to expand their data center capabilities and global footprint. For instance, in March 2021, Digital Realty acquired Interxion to expand its metro connectivity solutions and enterprise customer base in EMEA region.

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