The North America Data Center Construction Market is witnessing robust growth due to increasing digitalization, cloud adoption, and data storage needs. Rising demand for colocation services, hyperscale data center, and technological advancements are driving market expansion. The region's strategic location, favorable government policies, and investments in infrastructure also contribute to its market attractiveness. Moreover, the surge in data-driven applications, IoT, and edge computing is propelling data center construction in North America to support evolving business and consumer demands.
According to Data Bridge Market Research, the North America data center construction market is expected to reach the value of USD 15,988.24 million in 2021 and is expected to reach USD 37,660.91 million by 2029, registering a CAGR of 18.30% during the forecast period of 2022-2029
"Increasing digitalization surge market demand"
The rising trend of digitalization in diverse industries has resulted in a significant surge in data generation and processing requirements. There is a substantial demand for data centers to accommodate and manage these large volumes of data. These data centers are vital hubs for storing, processing, and delivering data, ensuring seamless operations for businesses and organizations in the digital age. The need for robust and scalable infrastructure to support the ever-increasing data demands is driving the construction and expansion of data centers across North America.
What restraints the growth of the North America data center construction market?
"High capital investment can impede the market growth”
The high capital investment required for data center construction is a significant restraint, particularly for smaller enterprises with limited financial resources. Setting up a data center involves substantial costs for land acquisition, infrastructure development, power supply, cooling systems, and high-end IT equipment. For smaller organizations, these upfront expenses can be prohibitive, making it challenging for them to enter the data center market. As a result, they might opt for alternatives such as cloud services or colocation facilities, which offer a cost-effective way to access data center resources without the burden of significant capital investment.
Segmentation: North America Data Center Construction Market
The North America data center construction market is segmented on the basis of infrastructure type, data center type, organization size, and vertical.
- On the basis of infrastructure type, the North America data center construction market is segmented into electrical infrastructure, mechanical infrastructure, and general construction
- On the basis of data center type, the North America data center construction market is segmented into tier 1, tier 2, tier 3, and tier 4
- On the basis of organization size, the North America Data center construction market is segmented into small size organization, medium size organization and large size organization
- On the basis of vertical, the North America data center construction market is segmented into banking, financial services and insurance, it and telecommunications, government and defense, healthcare, retail colocation, power and energy, manufacturing, and others.
Regional Insights: U.S. dominates the North America Data Center Construction Market
The United States is leading the data center construction market primarily due to its strong foothold in developing advanced IoT (Internet of Things) solutions. As IoT continues to gain prominence across industries, there is a growing demand for data centers to handle the massive amounts of data generated by connected devices. The U.S. houses major tech companies driving IoT innovation and deployment, and as a result, the construction of data centers to support these initiatives has experienced significant growth, cementing the country's dominant position in the market.
The Canada data center construction market is experiencing robust growth due to the strong project offerings provided by market players. Various companies operating in the data center construction sector are offering attractive and innovative projects to cater to the country's increasing demand for data center services. These projects encompass modern and technologically advanced facilities, meeting the needs of businesses and industries that require scalable and reliable data infrastructure. As a result, the Canadian market is witnessing a significant expansion, contributing to the growth of the data center construction industry in the region.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/north-america-data-center-construction-market
Recent Developments in North America Data Center Construction Market
- In 2019, AECOM oversaw a joint venture with the Central Plateau Cleanup Contract at the Hanford Site to lower environmental risk. Increasing financial support for the nuclear end state. The business will increase its brand recognition while maximizing profits.
The Prominent Key Players Operating in the North America Data Center Construction Market Include:
- Turner Construction Company (U.S.)
- DPR Construction (U.S.)
- AECOM (U.S.), Schneider Electric (France)
- M. A. Mortenson Company (U.S.)
- Arup (UK), Brasfield & Gorrie, L.L.C. (U.S.)
- CORGAN (U.S.), Currie & Brown Holdings Limited (U.K.)
- Fortis Construction (U.S.)
- Gensler (U.S.)
- Holder Construction Group, LLC (U.S.)
- Jacobs (U.S.)
- ROGERS-O’BRIEN CONSTRUCTION COMPANY, LTD (U.S.)
- Skanska (Sweden)
- Structure Tone Organization (U.S.)
- The Boldt Company (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of North America data center construction market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: North America Data Center Construction Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
