The demand for cloud-based services is increasing among enterprises in the U.S. including Fortune 500 companies. The complexities associated with business applications have increased because of enormous growth in the volumes of data, which now constitute the backbone of essential business operations. This has triggered an increased need for construction and renovation of data centers.
The construction of these data centers includes the design, installation of electrical and mechanical systems, and incorporation of security mechanisms. And to reduce power consumption and environmental impact within these data centers, enterprises in the U.S. are increasingly focusing on greener construction options.
According to the Data Center Construction Market in the U.S. 2015-2019 report (prepared by TechNavio and available from Sandlerresearch.org), demand for data centers among enterprises is one of the major factors propelling market growth. Consequently, TechNavio’s analysts are forecasting that the Data Center Construction Market in the U.S. could grow at a CAGR of 4.18% over the period 2014-2019.
Commenting on the report, an analyst from TechNavio’s team said: “Enterprises are increasingly focused on incorporating green data centers into their IT infrastructure paradigm. Green data center facilities comprise a better power usage effectiveness (PUE) and reduce impact on the environment. LEED certification is used to determine whether a constructed facility satisfies the needs of a business.”
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the U.S. data center construction market landscape and its growth prospects over the coming years.
Further, the report states that while the operational costs associated with data centers have increased considerably, more are being built to meet demand from industry. Power consumption in the country has increased, as has IT equipment spending among enterprises, leading to an increase in CAPEX for enterprises. Vendors have fashioned several innovations that have enabled the development of data center equipment that can operate at low power, leading to considerable reduction in power consumption.
A copy of the report is available for purchase from this link.