United States Data Center Market Outlook 2021-2026: Expected Growth Due to Growing Popularity of IoT, Emergence of 5G Networks, & the COVID-19 Pandemic
DUBLIN, April 26, 2021 /PRNewswire/ -- The "U.S. Data Center Market - Industry Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The U.S. data center market by investment is expected to grow at a CAGR of approx. 3% during the period 2020-2026.
During Q2 2020, some data center investments halted due to stringent rules imposed by the lockdown. The effect was identified to have lasted for at least a month across major data center development destinations in the US.
Cisco Systems, Dell Technologies, Hewlett Packard Enterprise (HPE), ABB, Caterpillar, Cummins, Schneider Electric, and Vertiv are among the prominent IT and support infrastructure providers in the market. The market is witnessing high investments in hyperscale data center development, growing competition among construction contractors to attain million-dollar contracts, as well as strong revenue opportunities for sub-contractors operating across states in the market.
U.S. Data Center Market Segmentation
Servers expect to generate the maximum revenue, followed by storage and network infrastructure segments. The high penetration of artificial intelligence-based infrastructure solutions due to exponential growth in data generation is likely to increase IT infrastructure demand. The increased adoption of all-flash storage arrays alone with hybrid storage arrays is driving the storage systems market.
High-performance operations aid the growth of flash storage systems in data centers that require strong I/O capabilities. The increased deployment of big data and AI applications support the development of all-flash storage systems. The increase in bandwidth requirements, consolidation of data centers, and virtualization are significant factors driving the demand for ethernet port switches, controllers, and adaptors.
The diesel generator market expects to grow in the coming years, where fuel-cell could replace these systems by the end of the forecast period. In the US, the adoption of lithium-ion, nickel-zinc, and Prussian blue sodium-ion UPS batteries will contribute to the data center UPS market growth. The demand for switchgear and monitored and switched is also expected to continue to grow in the region.
Increased investments in mega facilities and hyperscale projects have boosted construction contractors' demand in South Eastern US. Infrastructure vendors are partnering with major contractors to increase revenue share. The availability of tax incentives and free cooling solutions is increasing the attractiveness for the development of data centers in the South Eastern US. Nevada, Oregon, California, and Utah have witnessed the development of new projects.
The U.S. data center market has observed a continuous decline in the number of Tier I and Tier II facilities over the last five years because of the increasing awareness of redundant infrastructure. The redundancy of Tier II data centers in power & the cooling systems infrastructure is mostly N+1. Most underdevelopment projects across the US fall under the Tier III category. There are more than 90 projects that were operational or under construction in 2020.
Key Data Center Critical (IT) Infrastructure Providers
Key Data Center Support Infrastructure Providers
Key Data Center Contractors
Key Data Center Investors
Other Prominent Critical (IT) Infrastructure Providers
Other Prominent Support Infrastructure Providers
Other Prominent Construction Contractors
Other Prominent Data Center Investors
Key Topics Covered:
For more information about this report visit https://www.researchandmarkets.com/r/ffo8bo
Research and Markets
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