Data Center Design and Construction Market Set to Surge with an Expected CAGR of 7.8% by 2030, Reveals MarkWide Research

According to a new report published by MarkWide Research, titled, “Data Center Design and Construction Market,” the global market for data center design and construction services is poised for substantial growth, with an anticipated compound annual growth rate (CAGR) of 7.8% during the forecast period of 2023 to 2030. This surge in demand is driven by the ongoing expansion of data center infrastructure to support the digital transformation of businesses worldwide.

Key Market Insights:

1. Customized Infrastructure: Data center design and construction services cater to businesses’ specific needs, ensuring that the infrastructure is tailored for optimal performance and efficiency.
2. Energy Efficiency: Modern data center designs emphasize energy-efficient practices and sustainable construction materials, aligning with global efforts to reduce environmental impact.
3. Scalability: Data center designs are created with scalability in mind, allowing businesses to expand their infrastructure seamlessly as data requirements grow.
4. Global Demand: Emerging markets, particularly in Asia-Pacific and Latin America, are witnessing significant investments in data center construction as businesses seek to establish a strong digital footprint.

Market Projection:

The data center design and construction market is expected to reach a valuation of $71.4 billion by 2030, up from $32.9 billion in 2023. This substantial growth underscores the crucial role of design and construction services in enabling organizations to build robust and efficient data center facilities.

Factors Driving Market Growth:

1. Digital Transformation Initiatives: As organizations accelerate their digital transformation journeys, the need for state-of-the-art data center infrastructure becomes paramount.
2. Edge Computing: The growth of edge computing and the deployment of data centers closer to end-users drive the demand for design and construction services in new geographic locations.
3. Sustainability Goals: Businesses are increasingly adopting sustainable construction practices and renewable energy sources to align with environmental goals.
4. Data Security and Compliance: Stringent data security and compliance requirements necessitate secure and compliant data center facilities, driving investments in design and construction.

Market Segmentation:

The data center design and construction market is segmented based on design type, construction type, tier standard, and region.

By Design Type:

1. Electrical Design
2. Mechanical Design
3. General Construction
4. Others

By Construction Type:

1. New Construction
2. Renovation/Upgradation

By Tier Standard:

1. Tier I & II
2. Tier III
3. Tier IV

By Region:

1. North America
2. Europe
3. Asia-Pacific
4. Latin America
5. Middle East & Africa

Competitive Landscape:

The data center design and construction market is highly competitive, with several key players competing for market share. Prominent companies in this space include DPR Construction, Turner Construction Company, and Corgan, among others. These companies continue to innovate and offer cutting-edge design and construction solutions to meet the evolving needs of data center operators.

Conclusion:

The data center design and construction market are on the cusp of significant growth, propelled by the increasing importance of efficient and scalable data center infrastructure in the digital age. As organizations prioritize digital transformation and sustainability, design and construction services will remain integral to their strategic planning. With an expected CAGR of 7.8% through 2023-2030, the market offers abundant opportunities for businesses aiming to excel in data center design and construction.