Global Data Center Construction Market Outlook 2019 - Data Center Types, by Design Types, and by Tie
The global data center construction market to grow from $14.59 billion in 2014 to $22.73 billion by 2019
Business demands are continuously growing with technological advancements and increase in the availability of resources. To cater to these increasing business demands, organizations have increased their dependency on IT. In the present scenario, organizations need to have a strong, agile, and cost-effective IT infrastructure in order to cope up with customers' demands. Even in the datacenter industry, business demands are growing rapidly, with a continuously surging need for efficient and cost-effective data storage. The organizations are increasing their datacenter capacity by building new or expanding existing datacenter, creating direct impact on the datacenter construction market.
Datacenter constructions are playing vital role in various industry verticals as it provides effective management IT equipment. These datacenter constructions help organizations to attain best possible profitability, efficiency and reputation in the datacenter space. The Information Technology (IT) vertical is expected to hold the largest market share of the total datacenter construction market throughout the forecast period of 2014 to 2019 followed by Banking, Financial Services and Insurance (BFSI) vertical. There are huge business opportunities in the Asia-Pacific region, due to presence of emerging economies in this region. However, there is growing trend of providing colocation facilities by vendors in this
There are various assumptions that we have taken into consideration for market sizing and forecast exercise. A few of the assumptions include political, economic, social, technological and economic factors. For instance, exchange rates, one of the economic factors, are expected to have a moderate rating of impact on this market. Therefore, dollar fluctuations are expected to not seriously affect the forecasts in the emerging APAC regions.