London, 18 March 2015: Technavio, the independent tech-focused global research firm, has published a report on the Data Center Construction Market in GCC 2015-2019, which is expected to grow at a CAGR of 22.49 percent in terms of revenue during the period of 2014-2019.
The growth of the Data Center Construction market in GCC countries also depends on the effectiveness of the electrical and mechanical equipment used in data centers. New data center constructions are expected to gain momentum in the next two years, driven by the growing requirement for cloud computing and big data analytics. New constructions also include colocation facilities through which many SMEs select infrastructure that fits their business requirements.
“Several data center facilities in GCC countries have been built by hosting enterprises. These enterprises enable efficient operation of the IT infrastructures of enterprises, which helps them achieve better uptime and high availability of resources,” says Faisal Ghaus, Vice President of Technavio.
“Colocation and managed hosting solutions are required to reduce spending on IT infrastructure, improve security, and provide more control to enterprises over critical data.”
Key Market Drivers
- Increased Demand for Cloud Computing
- Increased On-premise Infrastructure Costs
- IoT and Smart City Construction
- Growing Importance of Business Insights
Key Market Trends
- Emergence Of Modern Data Center Design
- Increased Traction of Colocation and Managed Hosting Services
- Emergence of Green Data Centers
- Adoption of SDDCs
- Unified Data Center Fabric
Key Market Vendors
- Drake & Scull International PJSC
- ISG Plc
- McLaren Group Plc
- Schneider Electric
To define the market circumstances in the next 3-4 years, analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
