The North America Data Center Construction Market would witness market growth of 6.3% CAGR during the forecast period (2022-2028).
The demand for digital transformation is expanding as businesses increasingly favor cloud-based digital experience platforms. Because they allow for quick deployment and lower investments in physical infrastructure, many firms favor cloud services. Businesses can connect cloud-based digital expertise platforms from various devices, including laptops, smartphones, and desktop computers. These platforms enable companies to deliver tailored content based on client preferences, purchasing behavior, and previous transactions.
The expansion of the digital transformation business is probably fueled by trends like these, which have significantly increased the demand for data centers. In order to expand computer power, memory, networking capabilities, and storage resources, various industries deploy hyperscale data centers. The capacity for scaling computing workloads effectively on a large scale is one of the many characteristics of hyperscale data centers, combined with the physical infrastructure as well as distribution systems that enable the data centers to maximize cooling efficiency.
Data center construction has excellent potential owing to the rising investments in urban infrastructure in North America. In addition, the need for the network as well as connectivity solutions that enable quicker and more dependable data connections among data centers in the US is also constantly growing as a result of increasingly sophisticated user expectations. Another factor influencing the market's growth is the demand for UCaaS or Unified Communications-as-a-Service solutions from North American business technology and telecom resellers. Therefore, the region presents lucrative growth opportunities for the data center construction market throughout the forecasted period.
The US market dominated the North America Data Center Construction Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $80,803.2 million by 2028. The Canada market is poised to grow at a CAGR of 8.7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 7.8% during (2022 - 2028).
Based on Tier Type, the market is segmented into Tier 3, Tier 2 and Others. Based on End-Use, the market is segmented into IT & Telecom, BFSI, Healthcare, Government & Defense, Energy and Others. Based on Type, the market is segmented into IT Infrastructure, Electrical Infrastructure and Miscellaneous Expenses & Others. Based on IT Infrastructure Type, the market is segmented into Server, Networking Equipment and Storage. Based on Electrical Infrastructure Type, the market is segmented into Cooling and Power Distribution. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Data Center Construction Market is Projected to reach USD 305.3 Billion by 2028, at a CAGR of 7.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hewlett-Packard enterprise Company (HP Development Company L.P.), IBM Corporation, ABB Ltd., Schneider Electric SE, Oracle Corporation, Cisco Systems, Inc., Vertiv Holdings Co., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Fujitsu Limited and Equinix, Inc.
By Tier Type
By End-Use
By Type
By Country
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