Data Center Construction Market in the US Projected to Grow at a CAGR of 6.34% during the period 2017-2021

(IT-NEWSWIRE.COM, May 13, 2017 ) A data center is a centralized storehouse, physical or virtual, for remote storage, and processing of data and information. Data centers constitute the backbone of essential business operations. There is a significant amount of growth in enterprise applications worldwide because of the use of advanced technologies to gain a competitive advantage. Enterprises are focusing on the construction of green data centers to reduce power consumption and their impact on the environment. The construction of a data center includes design, architecture, installation of electrical and mechanical systems, as well as general construction services. Data center certifications have grown in importance, especially for colocation and managed hosting service providers, to attract customers.

Technavios analysts forecast the data center construction market in the US to grow at a CAGR of 6.34% during the period 2017-2021.

research analysis identifies the tax incentives for data centers and the reduction in electricity costs as one of the primary growth factors for this market. Factors such as tax incentives offered by the government and the availability of power connectivity are additional factors inducing enterprises to set up establishments. Creating job opportunities enables the enterprise to avail numerous tax benefits. Many state governments lure data center operators to build facilities in their locality by providing tax breaks and by reducing the cost of electricity. The cost of electricity is cheaper in the US as compared to the UK and subsequently more data centers will be set up in the US.

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The market research report identifies the escalating need for data center infrastructure management (DCIM) and automation as one of the primary trends for the growth of this market. DCIM enables remote monitoring and management of data centers. All infrastructure vendors are increasingly focusing on providing DCIM systems to remotely monitor and manage the power consumption, temperature, and humidity inside their data centers as DCIM aids predictive analysis and reduces maintenance cost. Data center operators are increasing the use of cloud based DCIM in addition to procuring the entire system from a single vendor to avoid integration issues and improve monitoring effectiveness.

Technavio's report, Data Center Construction Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Corgan Associates
DPR Construction
Fluor
Gensler
HDR
Holder Construction Group
Jacobs Engineering Group
Syska Hennessy Group
Turner Construction
Page Southerland Page
Vanderweil Engineers

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Other prominent vendors
AECOM
AKF Group
Balfour Beatty
Carlson Design Construct
Clune Construction Company
Fortis Construction
Gilbane
Hensel Phelps Construction
HITT Contracting
Integrated Design Group
JE Dunn Construction
McGough
Merrick & Company
Mortenson Construction
Pepper Construction
Skanska
Structure Tone
Whiting-Turner
Wendel

Market driver
Tax incentives for data centers and reduction in electricity cost.
For a full, detailed list, view our report

Market challenge
Rise in construction and installation costs.
For a full, detailed list, view our report

Market trend
Increase in the purchase of renewable energy sources.
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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Data Center Construction Market in the US Projected to Grow at a CAGR of 6.34% during the period 2017-2021