Global Datacenter Installation & Construction Market is Expected to be Valued US$ 95.56 Bn by the end of 2024.

The challenging economic scenario and macro-economic factors have a great impact on the growth of the internal datacenters. The declining economy put on hold many datacenter projects since it requires large lead time for the datacenter to construct and the considerable amount of investment. The fluctuating economy and growing technology advancements demand flexible and high computational power solutions in the datacenter landscape, thereby leading to the growth of outsourcing of the datacenter. The growing demand to reduce large capital commitments compel many enterprises to outsource the datacenter services or capacity to external service providers. The accelerated growth in digitization results in the transformation of the datacenter infrastructure as the traditional datacenter architecture is not flexible to adapt to the heavy data volume and variety of the information transferred through different devices. The growing digital transformation through the mobile devices, connected technology, Internet of Things demands the datacenter ecosystem with the high speed of deployment, flexibility, scalability, security and availability of data.