The Global Data Center Construction Market Is Expected To reach USD 26.12 Billion by the Year 2024

(EstateNewsWire.com, January 06, 2018 ) The overall data center construction market is expected to reach USD 26.12 billion By 2024 from USD 15.78 billion in 2017 at a CAGR of 8.9%. The data center is a house to control computer components, telecommunication components, storage systems, power supplies by a network operator. Data centers are widely used in hospitals, defense sectors, industries, software companies that enhance the growth of Data center construction market.

Tire-4 type data centers will hold a huge share of market during the forecast period

The usage of tire-4 data centers is increasing day to day due to their best performance and are less prone to failures. Tire-4 are designed to handle critical, busy servers and they contain subsystems such as (cooling, power, network links, storage etc.,) with full security zones controlled by biometric access methods. Tire-4 is a mixer of all the three tires (one, two and three), contains dual power supply and Heating Ventilation and Air Conditioning(HVAC) leads to the growth of Data center construction market.

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Increase in various applications enhances the growth of Data center construction market

Data centers are used in power and energy sub stations, hospitals, government and defense sectors, IT and telecommunication vertical, banking and financial insurance etc enhances the growth of Data center construction market. Collection of data and safe protection is only done through data centers and it created awareness among people. ERP (Enterprise Resource Planning), moodle are various Data center software’s.

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Geographical segmentation of Data center construction market

Increase in business industries, hospitals, banks, defence sectors among various parts of the world such as APAC, North America, Europe, and ROW accelerates the Data center construction market. Prominent key players in the market are Aecom, Turner construction company, Holder construction company, DPR construction, JACOBS Engineering Group INC, Corgan associates INC, Nakano Corporation, ABB LTD among others.

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