Data Center Power Market Research Report by Forecast to 2023
Market Highlights: Data center power is defined as a power solution to manage the power usage effectiveness (PUE) and increase the efficiency of data centers. Data center manufacturers are developing advanced power management solutions such as intelligent rack PDU, smart UPS, and battery monitoring equipment to minimize the overall power consumption rate. The key factors driving the market include cost optimization of data centers for minimizing energy consumption and operational expenses, irregularities in power supply through UPS systems, and rise in digitization & cloud computing. The other aspects such as increasing usage of social media and adoption of online and mobile computing services by businesses require a large volume of storage, therefore organizations outsource their computing needs to cloud-based infrastructure. The global Data Center Power Market is projected to reach USD 25 billion at a CAGR of over 10% by the end of the forecast period. Request a...