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Block 869,731
Data Center Construction Market size was valued at USD 213.55 billion in 2022 and is poised to grow from USD 229.57 billion in 2023 to USD 409.43 billion by 2031, growing at a CAGR of 7.5% during the forecast period (2024-2031).
Data center construction market to register substantial growth fueled by the rising demand for big data analytics, cloud services, and IoT. The leading market trends like growing inclination towards sustainability, with additional services integrating renewable energy sources and power-efficient designs are driving the market growth. Moreover, automation and improvements in modular construction are reducing build time and improving digital transformation. Overall, the market is projected to continue to lead backed by the growth of digital transformation on the global scale. In 2022, the global data center construction market size was estimated at $ 213.55 billion