Surging IT Infrastructure around the World to Fuel the Growth of Global Data Center Power Market by 2027 - Exclusive Report [202 pages] by Research Dive
The global data center power market is predicted to witness a noteworthy growth in forecast period due to the extensive growth of IT infrastructure across the globe. The Asia-Pacific region will grow exponentially in the global market by 2027.
NEW YORK, Oct. 12, 2020 /PRNewswire/ -- According to a newly published report by Research Dive, the Global Data Center Power Market is expected to garner $56,626.5 Million and rise at a CAGR of 7.2% during the forecast period from 2020 to 2027. Europe market for data center power is estimated to hold a leading position in the global market by the end of 2027, owing to growing expansion of mobile broadband and growing emphasis on the renewable data centers facilities in the region.
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Data Center Power Market Dynamics:
The extensive growth of the IT infrastructure mainly in the emerging countries such as India, Brazil, and China is the major factor predicted to boost the global data center power market during the forecast period. Moreover, the growing prominence of the solar-powered data center around the world is likely to create lucrative opportunities for the global market growth by 2027. Conversely, the higher installation cost of data centers the lack of awareness related to data centers' knowledge are predicted to hamper the global market growth in the near future.
Furthermore, the outbreak of COVID-19 across the globe has created a positive impact on the global data center power market. This positive growth is majorly due to the rising demand for software as a service (SaaS) coupled with a rapid shift towards work from home culture in the pandemic. Besides, the emergence of a new business environment amid the pandemic crisis is predicted to spur the demand for cloud services and digitization.
Key Segment Findings of the Market:
The report segments the global data center power market into Product, End-User, and Region.
The key players of the global data center power industry include
Furthermore, the report sketches and offers several aspects of these key players such as product portfolio, recent strategic moves & developments, SWOT analysis, and financial performance. - Quick Download Top Companies Development Strategies Summary Report [75 pages]
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About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
Mr. Abhishek Paliwal