DUBLIN--(BUSINESS WIRE)--Sep 19, 2019--

The US data center market is expected to reach revenues of over $69 billion by 2024.

The growing popularity of Internet of Things (IoT) is a major driver for the growth of the US data center market. The country is one of the leading markets for IoT technologies, including IoT endpoints, IoT communication, IoT security, IoT data and analytics, and IoT artificial intelligence.

The increasing usage of cloud computing services and applications continues to grow rapidly in the US, thereby leading to the establishment of large hyperscale cloud-based data centers. The growing demand for cloud services in the US is likely to increase the construction of cloud-based data centers. Amazon Web Services (AWS), Google, and Microsoft are increasing their investments in data center construction.

In 2019, Northern Virginia, Oklahoma, Ohio, and Oregon have appeared as the major construction destinations for new cloud-based datacenters. The SaaS market in the US is expected to grow at a CAGR of over 15% during the forecast period 2018-2024.

Market Dynamics

Market Growth Enablers

  • Increased Demand for Cloud-based Services
  • IoT Adoption to Boost Data Center Deployment
  • Big Data Analytics to Increase Use of Artificial Intelligence & Machine Learning in Data Center
  • Growing Investment from Colocation Providers
  • Growing Construction of Green Data Center Facilities
  • Increasing Demand for Edge Data Centers
  • Tax Incentives Attracts Investment in Specific States

Market Growth Restraints

  • Security Challenges in Data Center
  • Growing Market Consolidation
  • Increase in Power Outages & Power Consumption
  • Location Constraints for Data Center Construction
  • Rising Water Consumption by Data Centers

Market Opportunities & Trends

  • AI Workload Boost Liquid Cooling Adoption in Data Centers
  • Growing Demand for Flash Storage in Cloud Environments
  • Emergence of QLC NAND Flash Drives
  • Increasing Penetration of 200GbE and 400GbE Switch Ports
  • Increasing Popularity of Software-Defined Data Center
  • Automation & Aritificial Intelligence to Monitor Data Centers
  • Rising Renewable Procurement to Power Data Centers
  • Growing Number of M&As
  • Rising Adoption of Lithium-ion, Nickel-Zinc, and Fuel Cells
  • Increase in Modular Data Center Deployment

Key Vendor Analysis

The data center market in the US is growing in terms of greenfield, brownfield, and modular data center construction. The market is witnessing an increasing growth of data centers across the country, with high adoption of efficient and modular data center infrastructure solutions.

The market has a strong presence of vendors in major categories such as IT infrastructure, electrical infrastructure, mechanical infrastructure, and general construction. Cloud service providers such as AWS, Microsoft, and Google have a strong customer base for their service offerings in the country. The data center investment in the country is driven by the growing migration of on-premise infrastructure to cloud and colocation facilities.

The adoption of lithium-ion batteries, fuel cell technology, natural gas generators, intelligent PDUs, and high-voltage switch gears is expected to grow significantly during the forecast period. This is likely to increase competition in the market in terms of production efficiency and cost. Increasing partnerships with local providers, construction contractors, and modular data center offerings are likely to enhance revenues for vendors.

Key Company Profiled in US Data Center Market

  • Cisco
  • Dell Technologies
  • Hewlett Packard Enterprise (HPE)
  • IBM
  • Lenovo
  • NetApp
  • Atos

Key Construction Contractors in US Data Center Market

  • AECOM
  • Corgan
  • DPR Construction
  • Holder Construction
  • Jacobs Engineering Group
  • Syska Hennessy Group
  • Turner Construction

Key Infrastructure Providers in US Data Center Market

  • ABB
  • Airedale Air Conditioning
  • Eaton
  • Schneider Electric
  • STULZ
  • Vertiv

Key Data Center Investors in US Data Center Market

  • Apple
  • COPT Data Center Solutions
  • CyrusOne
  • Digital Realty
  • Equinix
  • Facebook
  • Google
  • Microsoft
  • Stream Data Center
  • Vantage Data Centre

Other Prominent IT Infrastructure Provider

  • AccelStor
  • DataDirect Networks (DDN)
  • Fujitsu
  • Hitachi Vantara
  • Huawei
  • Infortrend Technology
  • Inspur Group
  • Intel
  • Kaminario
  • Micron
  • MiTAC Holdings
  • Nimbus Data
  • Pivot3
  • QNAP Systems
  • Quanta Cloud Technology
  • Samsung
  • Seagate Technology
  • SK Hynix (SK Group)
  • Super Micro Computer
  • Synology
  • Toshiba
  • Violin Systems
  • Western Digita
  • Wiwynn (Wistron)

Prominent Construction Contractors

  • Balfour Beatty US
  • BlueScope Construction
  • Clune Construction
  • Fluor Corporation
  • Fortis Construction
  • Gensler
  • Gilbane Building Co.
  • HDR
  • Hensel Phelps
  • HITT Contracting
  • Hoffman Construction
  • JE Dunn Construction
  • Morrison Hershfield
  • Mortenson Construction
  • Rogers-O'Brien Construction
  • Structure Tone
  • Walsh Group
  • Whiting-Turner Contracting

Prominent Support Infrastructure Providers

  • Altima Technologies (NETZOOM)
  • Asetek
  • Bloom Energy
  • Caterpillar
  • Cormant
  • Cummins
  • Cyber Power Systems
  • Data Aire
  • Delta Group
  • FNT
  • Generac Power System
  • Green Revolution Cooling
  • HighPower
  • HiTec Power Protection
  • Legrand
  • Nlyte Software
  • Nortek Humidity (Condair Group)
  • Mitsubishi Electric Corporation
  • MTU On-Site Energy (Rolls-Royce Power Systems AG)
  • Rittal
  • Trane (Ingersoll Rand)
  • Tripp Lite

Prominent Data Center Investors

  • CoreSite Realty Corp
  • DataBank
  • DC Blox
  • EdgeConnex
  • H5 Data Centers
  • Quality Technology Services
  • RagingWire Data Center (NTT)
  • Sabey Data Center
  • TierPoint
  • T5 Data Centers

For more information about this report visit https://www.researchandmarkets.com/r/v7yfjc

Laura Wood, Senior Press Manager

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KEYWORD: UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 09/19/2019 04:40 AM/DISC: 09/19/2019 04:40 AM

Copyright Business Wire 2019.

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