Urology Surgical Market: Industry Research Report 2018-2025 Data Center Construction Market Size &share Report | Page 2

Data Center Construction Market to 2022 Publication Month: Jun 2017| No. of Pages: 192| Report Code: TIPTE100000432 | Category: Technology, Media and Telecomunications Introduction: Global data center construction market is expected to grow from US$ 33,871.5 million in 2016 to US$ 68,953.8 million by 2022 at a CAGR of 9.5% between 2017 and 2022. With the use of more and more connected devices and easy access to internet coupled with decreasing cost of internet services, the demand for data storage is increasing worldwide. This is due to increasing demand for big data analytics and cloud-based services, such as online contents including movies, apps, videos and social media. The proportion of data center traffic generated by cloud was around 1.2 zettabytes of data, according to Cisco Systems, and this comprised of 46% of the total traffic. Furthermore, the company estimates that in the year 2017, this data center traffic will increase to 69% or 5.3 zettabytes of all data traffic. This has resulted in cloud-based companies to deploy more IT space in their data centers. Several industries are exploring the cloud offerings and discovering the benefits of data center services to support their needs related to cloud. These developments are directly effecting the increase in Internet of Things (IoT) and data needs of the companies, thereby resulting in the construction of large number of data centers across the globe. E-Mail : [email protected]