by Brianna Crandall — April 13, 2015—Global technology research and advisory company Technavio has announced the publication of a new market research report on the global data center construction market, which is witnessing growing demand for cloud computing and big data analytics and is expected to post a compound annual growth rate (CAGR) of 10.34 percent from 2015-2019.
“Both cloud and big data usage are increasing among enterprises worldwide, which is expected to increase data center traffic considerably, thus propelling the demand for data center facilities,” says Faisal Ghaus, vice president of Technavio.
The Internet of Things (IoT) is identified as a key driver of the data center construction market, and the use of containerized data centers is seen as a challenge to the market.
The new report also emphasizes the trend towards green data centers. Most modern data center facilities are seeking Power Usage Effectiveness (PUE) and Leadership in Energy and Environmental Design (LEED) certification before commencing construction of their facilities, which is expected to help enterprises cut their total cost of ownership considerably.
The new Technavio report covers the present scenario and the growth prospects of the global data center construction market from 2015 to 2019. To calculate the market size, the report considers revenue generated from new data center construction and renovation of data centers, as well as capital expenditure used for electrical, mechanical, and general construction.
The report identifies the key data center vendors as: AECOM Group, Arup Group, Corgan Associates Inc., DPR Construction Inc., and Fluor Corp.
The 187-page Data Center Construction Market—Global Report Analysis and Forecast 2015-2019 report is available for purchase from the Technavio Web site.
