London, 18 March 2015: Technavio, the independent tech-focused global research firm, has published a report on the Data Center Construction Market in Latin America 2015-2019, which is expected to grow at a CAGR of 16.05 percent of 2014-2019.
Market growth in Latin America is reinforced by technological improvements in the data center domain. While modern cloud computing has enabled collaborative access to data worldwide, demand for data centers enabling fast and reliable access to information has increased.
Several enterprises are constructing facilities that will support their business for a long time. The Data Center Construction market in Latin America depends on the electrical and mechanical equipment used in data centers.
“With an upsurge in the online presence of enterprises across different industry verticals, managed hosting is expected to gain traction,” 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
- IoT
- Decreasing Cost of Data Center Construction
Key Market Trends
- Increased Traction of Data Center Colocation and Managed Hosting Services
- Increased Infrastructure Options
- Establishment of Green Data Center Facilities
Key Market Vendors
- AECOM Technology Corp.
- Constructora Sudamericana S.A.
- Holder Construction Group
- Mortenson Companies Inc.
- Turner Construction Company
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%…
