PUNE, India, September 9, 2015 /PRNewswire/ --
According to a new market research report ,"Data Center Power Market by Solution Type (Power Distribution and Measurement, Power Back-Up, and Cabling Infrastructure), by Service Type (Consulting, Professional and Integration), by End User Type, by Vertical and by Region - Global Forecast to 2020", published by MarketsandMarkets, The market is expected to reach USD 20.44 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 10.7% from 2015 to 2020.
Browse 79 Tables and 35 Figures spread through 134 Pages and in-depth TOC on "Data Center Power Market"
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The report studies the global Data Center Power Market during the forecast period from 2015 to 2020. The market report defines and divides the data center power market into various segments with an in-depth analysis and forecasting of revenues. This research report also identifies the factors driving this market, various restraints, challenges, and opportunities impacting it along with the future roadmaps.
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In addition, the report emphasizes on key adoption trends, evolution of data center power techniques, attractive market opportunities, and business cases in this innovative market. The report studies the global Data Center Power Market during the forecast period from 2015 to 2020. The market is expected to reach USD 20.44 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 10.7% from 2015 to 2020.
The Data Center Power Market is broadly segmented into solution, service, end user, vertical, and region. Based on solutions, the market is further classified into power distribution and measurements (PDU, monitoring software, and others), power backup (UPS, generators, and others), and cabling infrastructure. The types of services considered include consulting service, professional service, and integration service. From the end users point of view, the market considers mid-size, enterprise, and large data center users. The market is segmented into verticals such as IT and telecom, Banking Financial Services and Insurance (BFSI), government, healthcare, energy, and others. The market is segmented based on five major regions such as North America, Asia-Pacific (APAC), Europe, Latin America, and Middle East and Africa (MEA).
The technological advancements and growing data with business operation needs effective assets management along with required power capacity in data centers. The power utilization is one of the major operating expenses in data centers. The high percentages of energy-efficient power solutions are capable of performing better functions in terms of providing continuous systems availability and reliability. All the power solution providers are focused on delivering and broadening their offerings to meet the business requirements of customers. The technologically leading companies are more focused on delivering high percentage of energy-efficiency technology and are providing cost-effective and high-performance data center power solutions.
There are various norms that are being imposed by governments and regulatory bodies on the data center industry to reduce carbon footprints and energy consumption. The data center professionals and managers are taking care of implementing energy-efficient power solutions that are further encouraging the demand for data center power solutions which is one of the driving forces of this market. There are various other factors that are considered in the report such as restrains, opportunities, and challenges that help to understand the market and the trends to achieve growth in this market.
The North American market is expected to grow with a high market share of 30.98% by 2020. APAC Data Center Power Market is the fastest growing market. A number of factors such as developing economies with increasing data center and the demand for energy-efficient power solution are creating positive impact on the growth of the Data Center Power Market globally. It also signifies a growth trend of data center power in various industries where IT and telecom contributes huge market share followed by BFSI in this market.
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