Market Research Report
Europe Data Center power Market - By Solution (Power Distribution and Measurement, Uninterruptible Power Supply, Generator, Cabling Infrastructure), Service, Industry, Geography, Trends, Forecast - (2017 - 2022)
|Published by||Mordor Intelligence LLP||Product code||546734|
|Published||Content info||108 Pages
Delivery time: 2-3 business days
|Europe Data Center power Market - By Solution (Power Distribution and Measurement, Uninterruptible Power Supply, Generator, Cabling Infrastructure), Service, Industry, Geography, Trends, Forecast - (2017 - 2022)|
|Published: January 24, 2017||Content info: 108 Pages||
The Europe Data Center Power Market is valued at USD XX.XX billion in 2016 and is expected to reach a value of USD XX.XX billion by the end of 2022, growing at a projected CAGR of XX% during the forecast period of 2017 - 2022.
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.
Applications are getting increasingly dependent on the cloud hosted by data centers, and this is making the center's reliability and uptime very crucial. This is also driving the market towards replacing the traditional data centers. The exceptional rise in the demand for data storage space in recent years is spurring the need for data centers all across Europe. They are also increasingly being used to provide a fast-growing cloud solution service for private and business applications. A large amount of equipment associated with supplying power and cooling; along with automatic fire extinguishing systems are often present in a data center. This requires a substantial amount of power input and thus power features at the top in the costs associated with running a data center.
Energy management to conserve energy and effectively utilize the existing resources are the prime concerns of data center managers. The need to adopt greener technologies which reduce the power consumption and ensure a sustainable environment is rising.
The European market is growing with rapid expansion plans from the major players in the market. IBM is investing $1.2 billion as part of its SoftLayer data center infrastructure and cloud offerings. The new center is being opened up in Paris to add to the already existing ones in London and Amsterdam. SoftLayer CEO Lance Crosby said the Paris location will allow it to support workloads and applications from customers who want their data to stay in the country and secure in the cloud.
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.
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