Dec. 26, 2014: Data Center Cooling Solutions Market Expected to Grow by 13.2 Percent to 2019
The Demand for Data Processing Power and Information Storage Is a Major Driver
DUBLIN, Ireland — The global data center cooling solutions market is forecast to grow at a compound annual growth rate (CAGR) of 13.2 percent over the period of 2014-2019, according to a report from Research and Markets.
Data center cooling solutions are used to maintain precision temperatures inside data center facilities. The equipment requires precision temperatures to be maintained to prevent heating and subsequently decreased performance. Cooling solutions are also equipped with power consumption management and humidity management features.
Data center cooling architectures consist primarily of room cooling, row cooling, and rack cooling solutions. The difference between these cooling solutions depends on the specific requirements for each data center. Data center cooling solutions manage the flow of heat into a data center keeping a good balance between air inflow and outflow.
The global data center cooling solutions market can be classified into three major segments on the basis of user types: colocation providers, cloud providers, and enterprises.
According to the report, the demand for data processing power and information storage is a major driver of the market. The data volumes of organizations have increased exponentially over the years with the advent of digital media. Therefore there is a need for increased storage space for the data.
Further, the report states that data center cooling solutions involve huge capital costs which make it highly cumbersome for organizations seeking to venture into this market. Any new vendor not only has to provide services that are on par with the other existing vendors, but also has to combine it with other value-added services to differentiate itself from competition. Some local vendors often find it difficult to venture into the market because of high capital costs.
For more information on the global data center cooling solutions market report, click here.
Publication date: 12/22/2014