Data Center Construction Market worth USD 163.2 billion by 2030

The Market Statsville Group (MSG) publishes the new report on the "Data Center Construction Market by Infrastructure (Electrical Infrastructure (UPS Systems, and Other Electrical Infrastructure), Mechanical Infrastructure (Cooling Systems, Racks, and Other Mechanical Infrastructure), and General Construction), by Tire Type (Tier-I and II, Tier-III, and Tier-IV), by Enterprise Size (Small and Medium-scale Enterprise and Large-scale Enterprise), by End-Users (Banking, Financial Services, and Insurance, IT and Telecommunications, Government and Defense, Healthcare, and Other End Users), by Region – Global Share and Forecast to 2030". The global data center construction market size was USD 59.7 billion in 2021. It is estimated to reach USD 163.2 billion by 2030, registering a CAGR of 13.4% from 2022-2030. With the need to reduce infrastructure costs, the adoption of colocation services increased significantly. The colocation services can be leased out at reasonable prices for cloud services. According to server mania, the server colocation pricing is highly application-specific and ranges from USD 79 per month for a single server to USD 599 per month for a 42U rack. Upsurge in the adoption of cloud services by small and medium-sized enterprises is also driving the demand for hyper-scale data centers. According to a recent survey by Flexera, Small and Medium Businesses (SMBs) rely more on public clouds. 44% prefer either a single or multiple public clouds. Close to 24% rely solely on a single public cloud, and 61% have a multi-cloud strategy, of which only 6% focus on multiple private clouds. Regardless of the chosen type, 78% of small businesses said they would fully adopt cloud computing.

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Browse 211 market data Tables and 63 Figures spread through 234 Pages and in-depth TOC on "Data Center Construction Market Research Report 2022-2030."

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