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The APAC data center market share has been witnessing exceptional growth since the outbreak of the COVID-19 pandemic, which has increased the access to internet-related services aided by lockdowns and restrictions imposed by government agencies across the region. Colocation service providers witnessed a strong uptake of data center spaces by existing customers owing to the growth in demand during the pandemic.
Due to the emergence of a new business environment, cloud service providers and video conferencing service providers have significantly contributed toward colocation and data center services. In Japan, the data center construction witnessed no impact due to the pandemic, however, data center operators implemented stringent precautionary regulations for the safety of their employees.
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New York, Feb. 10, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Data Center Construction Market - Global Outlook and Forecast 2021-2026 - https://www.reportlinker.com/p05442034/?utm source=GNW
8% during the period 2021–2026.
The global data center construction market continues to witness a slew of mergers and acquisitions, followed by joint ventures. The growing demand for data center services across industries has led service providers to collaborate, participate, and sign several mergers and acquisitions to expand their portfolios, expand their reach, and increase their penetration in the market. M&A activities have been followed up with joint ventures, which have acted as a catalyst for market growth. Although the market witnessed several mergers and acquisitions in 2020, the most remarkable ones are the acquisition of Digital Realty merger with Interxion in March 2020, Hypertec by Vantage Data Center in Nov 2020 in Canada. The APAC
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CHICAGO, Feb. 1, 2021 /PRNewswire/ In-depth analysis and data-driven insights on the impact of COVID-19 included in this global data center construction market report.
The global data center construction market is expected to grow at a CAGR of 4.8% during the period 2020−2026.
Key Highlights Offered in the Report:
COVID-19 affected data center construction activity for at least a month worldwide, and reduced announcements on new projects during Q1 and Q2 2020.
About 125 hyperscale data centers were opened or under construction in 2020 contributed to over 55% of the overall investment in the global construction market.
Over 130 data centers have been identified in 2020, which had an installed capacity of less than 5MW, and around 145 data centers had an installed capacity between 5-15MW.