A new market forecast released by TechNavio projects datacenter construction in the United States will increase at a compound annual growth rate (CAGR) of 4.18% over the period 2015-2019.
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Datacenters are used to house an enterprise’s IT infrastructure. They oftentimes constitute the backbone of essential business operations.
Among market drivers, several industry verticals in the U.S. are making use of advanced technologies in the management of their IT infrastructure to gain a competitive advantage, according to the report.
The complexities associated with business applications have increased because of enormous growth in the volumes of data. This has triggered an increased need for construction and renovation of datacenters in the U.S. A focus on the construction of green datacenters to reduce power consumption and environmental impact is also fueling market growth.
Datacenter construction includes the design and installation of electrical and mechanical systems, as well as incorporating security mechanisms.
