Datacenter Installation & Construction Market Anticipated to Grow US$ 95.56 Bn by 2024 | Page 2

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Global Datacenter Installation & Construction Market
Estimated to Register a CAGR of 11.5% Between 2016 and
2024
Persistence Market Research (PMR) delivers key insights on the global datacenter
market based on installation and construction, consulting and integration services, and
applications in its latest report titled, “Global Market Study on Datacenters: Healthcare
Application Segment to Register a Value CAGR of 12.6% Between 2016 and 2024
”. According to the report, the global datacenter installation & construction market is anticipated
to be valued at US$ 40.43 Bn by the end of 2016 and this is projected to increase to US$ 95.56
Bn by the end of 2024.
The challenging economic scenario and macro-economic factors have a great impact on the
growth of the internal datacenters. The declining economy put on hold many datacenter projects
since it requires large lead time for the datacenter to construct and the considerable amount of
investment. The fluctuating economy and growing technology advancements demand flexible
and high computational power solutions in the datacenter landscape, thereby leading to the
growth of outsourcing of the datacenter. The growing demand to reduce large capital
commitments compel many enterprises to outsource the datacenter services or capacity to
external service providers.
The accelerated growth in digitization results in the transformation of the datacenter
infrastructure as the traditional datacenter architecture is not flexible to adapt to the heavy data
volume and variety of the information transferred through different devices. The growing digital
transformation through the mobile devices, connected technology, Internet of Things demands
the datacenter ecosystem with the high speed of deployment, flexibility, scalability, security and
availability of data. This digital transformation leads to the development of the innovative
datacenter infrastructure that serves as highly agile, cost- effective and software- defined
infrastructure
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The datacenter market is undergoing rapid change with the change in focus towards cloud
computing, cloud provisioning, cloud migration and cloud-based deployment and automation.
The rise in the digital data content and growth of a large amount of data transfer via mobile
devices have encouraged the enterprises to shift towards the cloud datacenters. Moreover,
companies today are focusing on the benefits such as scalability, flexibility and easy deployment
and allocating resources to public, private and hybrid cloud environments. Cloud computing
provides new architectural environments to datacenter networking, thereby boosting demand for
network services and datacenters.
The installation and construction market is expected to witness a CAGR of 11.5% during the
forecast period. This is attributed to the growth of the service provider datacenter sub-segment in
the new datacenter builds segment. The growth of mega, localized and midtier datacenter
globally leads to the overall growth of the service provider datacenter market. The new
datacenter builds segment is expected to register a CAGR of 12.4% during the forecast period

Global Datacenter Installation & Construction Market 2016-2024