Here’s how the market is reacting to the world’s most important buildings
Mordor Intelligence, a research and consulting firm, has released its reports on the data centre market over the next five years. It’s picked up on some interesting trends, including an explosion in green IT agendas due to environmental pressure on governments and a boom in colo data centres sparked by the rising cost of standalone environments.
Here are five key market trends you need to be aware of:
Powering data centres
The global data centre power market is expected to grow from $15.07 billion in 2014 to $24.01 billion by the end of 2019 at a CAGR of 9.67%. This is being driven by the exceptional rise in the demand for data storage space, says Mordor Intelligence.
The global Data Centre colocation market is predicted to grow from $25.07 billion in 2014 to $44.69 billion by the end of 2019 at a CAGR of 12.26%. Mordor Intelligence attributed this to the increasing concerns regarding the expenses associated with running a data centre.
Europe is undergoing a rapid growth in terms of new data centre customers, especially in Western Europe. Along with these expanding businesses, real estate is become more and more scarce, upping the need for colocation.
Furthermore, the economic benefits of using colocation are helping firms to reduce their expenditure and streamline their operations, helping them focus on their own operations.
Mordor Intelligence said that the global green data centre market is expected to grow from $23.41 billion in 2014 to $78.69 billion by the end of 2019 at a CAGR of 27.44%. A sharp rise in demand for data storage space and increasing government regulations to adopt eco-friendly agendas key drivers for this.
Time to cool off, USA
North America is home to the biggest software companies in the world. Companies such as Facebook, Amazon, Google, Microsoft and Twitter all are based out of here. There are huge servers that handle the traffic from around the world so that the consumers are not affected in any way. These large data centres need cooling to keep them operational, and therefore the US is the biggest market for data centre cooling.
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