The rise in power consumption by the data centers has increased operational and power costs and end-users have been facing the challenge of managing and conserving power in the data centers. Therefore, data center managers and IT professionals focus on the implementation of highly efficient data center power solutions for business continuity.
The data center power market in the Asia Pacific to grow at the highest CAGR
The “Data Center Power Market by Solution (Power Monitoring, Power Distribution, Power Backup, and Cabling Infrastructure), Service (System Integration, Training & Consulting, and Support & Maintenance), End-User Type, Vertical, and Region – Global Forecast to 2025” report predicts that the global data center power market will reach a market size of USD 26,104 million by 2025, growing at a CAGR of 6.4% during the forecast period.
Many data centers are being constructed, due to the rising demand for data storage by organizations across the globe. Data center infrastructure components cover IT equipment, electrical infrastructure, and mechanical infrastructure need reliable and constant power supply within data centers to function.
According to the report, APAC is the fastest-growing region in the data center power market. There have been huge investments in data center construction. Internet penetration, cloud computing, growing economy, and rapid infrastructure development are the factors that contributed to the growth of the data center power market in the region. Major countries like Australia, New Zealand, and China witness huge investments in industry verticals, such as BFSI, retail, healthcare, manufacturing, and telecommunications and IT.
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