Data Center Construction Market Size 2021 Global Industry, Demand, Growth Analysis, Share, Revenue and Forecast 2030

In a recent published report, Kenneth Research has updated the market report for Data Center Construction Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Data Center Construction Market products.

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The Data Center Construction Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form

Market Scenario

The geospatial analysis is the process of collecting, displaying, and manipulating the imagery, satellite images with respect to the geographic coordinates explicitly.  Whereas, the data collected in terms of a street address, postal code, or forest stand identifier together applied to geographic models. The geospatial analysis has been evolved through the implementation of geographic information system (GIS) which is used to forecast, coordinate, and gather all types of natural phenomena affecting the earth crust including inhabitants and their man-made system. Companies such as IBM Corporation, General Electric, Hexagon AB, Alteryx, and many more are involved in the geospatial analytics market.

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Geospatial analytics are widely used in various commercial applications which include crisis management, land surveys, climate change, weather forecasting, human population forecasting, animal population management and many more. There are many technologies which are involved in geospatial analytics such as GPS, GIS, LiDAR technology, remote sensing, and many more.

These technologies help to provide real-time information for the business enterprises for making a business decision and deploy their various services in different industry verticals such as agriculture, energy, and power, manufacturing, automotive and Others. However, surging demand for geospatial analytics consolidated with artificial intelligence and commercialization of geospatial data are expected to be driving factors for the growth of geospatial analytics market over the forecast period.The global Geospatial Analytics Market is expected to reach approximately USD 95 billion by 2023 growing at a 19% CAGR over the forecast period 2017-2023

Key Players

Some of the key players of Geospatial Analytics Market  include IBM Corporation (U.S.), Trimble Navigation Ltd. (U.S.), ESRI (U.S.), General Electric (U.S.), MDA (Canada), Fugro N.V. (Netherlands), and RMSI (India), Alteryx (U.S.), Hexagon AB (Sweden), Harris Corporation (U.S.), DigitalGlobe, Inc. (U.S.), Bentley Systems, Inc. (U.S.), and Transerve technologies (India).

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The geospatial analytics market is differentiated by component, type, technology, application, and end-user.By component, the geospatial analytics market is sub-segmented as services and software. On the basis of services, the market is sub-segmented into professional services and managed services. The professional services are further segregated into consulting services and training services. Additionally, by the type, the market is classified as surface analytics, network analytics, geo-visualization. Furthermore, on the basis of technology, the market is sub-divided into photogrammetric, LiDAR Technology, 3D laser scanning, remote sensing, a global positioning system (GPS), geographic information system (GIS), and others.

By application, the market is sub-divided into land administration, survey solutions, mobile mapping and others. Lastly, on the basis of end-user, the market is differentiated into agriculture, construction & real estate, energy, forestry, marine & mining, retail, transportation & logistics, and others.

Regional Analysis

Geographically, the geospatial analytics market is segmented into four different regions namely North America, Asia Pacific, Europe, and the Rest of the World.Europe is presumed to have significant growth in the geospatial analytics market. The  United Kingdom, Germany, and France are leading countries in the region. This is due to increase in demand for the geospatial technology for the safety and security applications for the automotive and aerospace sectors. Asia Pacific is also anticipated to be the fastest growing region in the geospatial analytics market over the forecast period. India, Japan, South Korea and China are the leading countries in the geospatial analytics market. This is due to greater in demand for the geospatial technology in real estate sector for developing smart cities.

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 Target Audience

Associations & Industry Bodies

Cloud Service Providers

Technology Consultants

Value Added Resellers

Satellite Service Providers

Research Firms

Government Bodies, regulatory Firms

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