Data Center Construction Market Size 2021 | Industry Share, Growth, Trends And Forecast 2026
According to IMARC Group’s latest report, titled “ Data Center Construction Market Size : Industry Share, Growth, Opportunity and Forecast 2022-2027,” the global data center construction market reached a value of US$ 47.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 75.3 Billion by 2027, exhibiting at a CAGR of 9% during 2022-2027. We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. Data center construction refers to the process of physically designing and building a data center facility with the required capacity, efficient design and disaster tolerance systems to perform essential functions. It generally consists of backup power supplies, data communication connections, air conditioning (AC), fire suppression systems, and security devices. It assists in the optimal utilization of resources and ensures ...