United States Data Center Market Industry Outlook and Forecast Report 2019-2024 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Data Center Market in US – Industry Outlook and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

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

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