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According to the new report titled "Data Center Construction Market by Construction Type (Electrical Design and Mechanical Design), Enterprise Type (Small & Medium-scale Enterprise and Large-scale Enterprise), and End Users (BFSI, IT & Telecommunications, Government & Defense, Healthcare, Retail, Manufacturing, and Others) - Global Analysis to 2023", the valuation of the data center construction market was $44.18 Billion in 2017 and is projected to reach $86.37 Billion by 2023, at a CAGR of 8.94% from 2018 to 2023.

The factors such as the increasing popularity of distributed data centers and rising demand for cloud applications have driven growth in the data center construction market. Further, the growing need to store and process large volume of data has encouraged the companies in the countries including US, India, and China to increase data center construction demand.

Large-scale enterprise dominated the data center construction market

Large-scale enterprise accounted for the highest share in the data center construction market in 2017. The high investment capability and demand for huge data storage in large-scale enterprises has driven the growth of this segment in the data center construction market.

Government & defense held the largest chunk of the data center construction market share

The government & defense held the largest share in the market in 2017. The adoption of cloud computing in government sector, focusing on developing green data centers have raised the demand for the data center construction in the government & defense.

North America led the data center construction market in 2017

North American dominated the data center construction market in 2017. The rising adoption of IoT technology among industries and rich connectivity of the internet and data storage in the region have driven growth of the market. Further, the growth in big data analytics in North America has supplemented this demand for data center construction.

Key market players operating in the market that are profiled in the report are IBM Corporation (U.S.), SAS Institute Inc. (U.S.), Turner Construction Co. (U.S.), DPR Construction Inc. (U.S.), Fortis Construction (U.S.), Hensel Phelps Construction Co. Inc. (U.S.), JE Dunn Construction Group Inc. (U.S.), MA Mortenson Company Inc. (U.S.), AECOM (U.S.), Gilbane Building Company Inc. (U.S.), Clune Construction Company, L.P. (U.S.), Nabholz Corporation (U.S.), RagingWire Data Centers Inc. (U.S.), CyrusOne Inc. (U.S.), and Cyxtera Technologies Inc. (U.S.)

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