5 Things You Need To Know About Tomorrow’s Data Centre Market

Ben covers web and technology giants such as Google, Amazon, and Microsoft and their impact on the cloud computing industry, whilst also writing about data centre players and their increasing importance in Europe. He also covers future technologies such as drones, aerospace, science, and the effect of technology on the environment.

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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 cloudbillion 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.

Colocation

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.

European Colocation?

data centreEurope 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.

Going Green

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 CloudStackdemand 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.

How much do you know about green IT? Take our quiz!