The Global Data Center Power market is expected to grow from $16.60 billion in 2015 to $26.33 billion by the end of 2020 at a CAGR of 9.67%.
Data Centers are the most space efficient and time efficient pieces of technology and its importance quite unnoticed in the market today.
Data Centers are commonly run by large companies or government agencies to accommodate computer systems and associated components, such as storage systems and telecommunications. However, they are also extensively used to provide fast-growing cloud solution services to private and business applications. One of these applications include redundant or backup power supplies.
In addition, the data centers also have a large amount of equipment associated with supplying power and cooling, and mostly with automatic fire extinguishing systems. This requires a significant amount of power which makes the parameter “power” a very important component of the expenses incurred in running Data Centers.
The increasing market demand for Data Center is being driven by the exceptional rise in the demand for data storage space.
The need for security of the data and prevention of accidental or intentional manipulation of hardware means that data centers are placed in well-constructed, sturdy buildings that house servers, storage devices, cables, and a connection to the Internet.
The growing demand for data storage is also one of the reasons behind expanding the functionalities or the capacities of the data centers of various companies and businesses.
With the growing awareness about power conservation, many sectors have started opting for greener or eco-friendly alternatives, given the rising concerns regarding excessive power consumption and is also one of the major contributor to the growing Data Centers Market.
There are still many who aren’t that well aware of the efficient power management techniques, and apart from this, the data center market would also need a one-time huge amount of investment initially.
The report analyzes the market on the basis of applications that are segregated by various end user industries like BFSI, Healthcare, Government, Energy and Power and Information Technology across major geographical regions of the world.
Major market players like ABB, Eaton, and HP among others are studied. Their current market strategies as well as their progress in the market are also analyzed.
What the report offers
Global Data Center Market Overview with information on drivers and restraints
In-depth Data Center Market Analysis and its applications in the industry
Identification of factors responsible for changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on global and regional scale
Extensively researched competitive landscape with profiles of major companies along with their market shares
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information