One of the driving factors of the data center cooling market is the need for data center managers to control infrastructure budgets in order to achieve business growth. Due to the demand for additional storage space to store the massive data that is generated on a regular basis, there is an increase in the number of data center deployments over the world. This increase of data centers ultimately consume more power and contribute to excessive heat generation, thereby creating a critical demand for low power consuming cooling techniques. Also, with swift advancements in technology, tremendous changes in the infrastructure spending are seen. The use of advanced data center cooling solution helps in the reduction of power consumption which, in turn, makes its energy efficient and lowers the operational cost of running data centers.
The report provides current and the future roadmaps of the data center cooling market. The report briefs on the market which emphasizes on key adoption trends, evolution of data center cooling, future opportunities, and business cases in this innovative market. It also provides the quantitative (market size and market growth) and qualitative (trends, analysis, and insights) for various segments. The report covers all the major subsegments of the data center cooling that includes by solution type; by service; by type of cooling; by user type; by vertical such as telecom and IT, BFSI, transportation and logistics, government, energy, and others; and by region into North America (NA), Asia-Pacific (APAC), Europe, Middle East Africa (MEA), and Latin America (LA).
There are various assumptions that have taken into consideration for market sizing and forecasting exercise. Few of global assumptions include political, economic, social, technological and economic factors. For instance, exchange rates, one of the economic factors, are expected to have a moderate rating of impact on this market. Therefore, dollar fluctuations are expected to not seriously affect the forecasts in the emerging APAC region.
The data center cooling market research report will help the market leaders, startups and new entrants in this market in the following ways:
MarketsandMarkets forecasts the data center cooling market to grow from $6.26 Billion in 2015 to $11.85 Billion in 2020, at a Compound Annual Growth Rate (CAGR) of 13.6%. North America (NA) is expected to be the largest data center cooling market in terms of market size, but Asia-Pacific (APAC) is expected to emerge as a high-growth market during the forecast period.
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