Press release
Data Center Power Market in the North America to Witness Robust Growth Over the Forecast Period
Data Center Power Market
The incredibly growing cost of energy is quite indicative of the growth potential of data center power market. Primarily on account of higher server densities and subsequent overloading on age-old facilities, energy consumption across the data centers is sky rocketing day by day. Amidst this backdrop, lowering the energy consumption and reducing the management cost are the two prime concerns that IT vendors are dealing with, which, in turn, is driving the data center power industry expansion in this sector.
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The colocation data center power market accounted for a majority of the industry share in several Asian and European countries over the last few years. Companies are gradually shifting their IT infrastructure to the cloud with colocation providers offering a perfect solution for cloud providers and business servers owing to which a sharp increase in the construction activities is being witnessed. In addition, the colocation providers are offering companies uninterrupted maintenance and services, thereby enhancing their performance and productivity. The growing focus on the reduction of operational expenditure and capital by companies will drive the colocation data center power market over the forecast timespan.
Global data center power market has truly gained an incremented pace of advancements from IT and telecom sector in recent past, courtesy- the humougous amount of data generated by these businesses that demand adequate storage. The tech-infrastructure of today’s corporate organizations has massively grown both in terms of depth and complexity, which in consequence has raised significant challenge to the use, deployment, and maintenance of IT infrastructure. In the face of this pressure, as per experts’ opinion, the present state of data centers demands a digital transformation that would ensure space utilization and lower power consumption, while streamlining the operations, cost, and performance scales of the companies.
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Several businesses are focusing on the implementation and construction of green infrastructure facilities owing to the rise in the consumption of electricity and carbon emissions. Green data centers are helping businesses to ensure energy efficiency by reducing carbon footprint and electricity consumption. The usage of these facilities is growing within the larger businesses and SMBs for the collection, evaluation, processing, and distribution of a vast amount of data in an incessant way. Companies operating in the entertainment and IT & telecom sector are implementing and using power management solutions for their infrastructure, providing an impetus to the data center power market growth.
Table of Contents:
Chapter 5. Data Center Power Market, By Application
5.1. Global data center power industry share by application, 2016 & 2024
5.2. BFSI
5.2.1. Market estimates and forecast, 2013-2024
5.2.2. Market estimates and forecast, by region, 2013 - 2024
5.3. Colocation
5.3.1. Market estimates and forecast, 2013-2024
5.3.2. Market estimates and forecast, by region, 2013 - 2024
5.4. Energy
5.4.1. Market estimates and forecast, 2013-2024
5.4.2. Market estimates and forecast, by region, 2013 - 2024
5.5. Government
5.5.1. Market estimates and forecast, 2013-2024
5.5.2. Market estimates and forecast, by region, 2013 - 2024
5.6. Healthcare
5.6.1. Market estimates and forecast, 2013-2024
5.6.2. Market estimates and forecast, by region, 2013 - 2024
5.7. Manufacturing
5.7.1. Market estimates and forecast, 2013-2024
5.7.2. Market estimates and forecast, by region, 2013 - 2024
5.8. IT & Telecom
5.8.1. Market estimates and forecast, 2013-2024
5.8.2. Market estimates and forecast, by region, 2013 - 2024
5.9. Others
5.9.1. Market estimates and forecast, 2013-2024
5.9.2. Market estimates and forecast, by region, 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/data-center-power-market
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