Data center UPS marketis expected to exceed USD 4.5 billion by 2024 according to a report by GM Insights. The growth can be credited to cloud computing and virtualization. The ever growing digital and computing requirements of the data centers are the vital drivers fueling the industry growth.
The usage and implementation of data centers is growing exponentially in SMBs, and large enterprises for collecting, analyzing, processing and distribution of large information in an uninterrupted manner.
The systems are offering consumers a constant power supply and are safeguarding the industry against power disruptions. With the rise in the IT & telecom and entertainment sector, companies are implementing and using these solutions for their infrastructure, thereby driving the data center UPS market growth.
Slow advancements rates of technology are hampering the data center UPS market growth. In addition, factors such as rising costs for raw materials, intense price competition and lack of skilled labor is acting as challenge for the growth. The data center UPS market can achieve immense growth by maintaining the product consistency, and efficiency.
The online data center UPS market accounted for majority of the market share in 2016 and will witness high growth as it is being widely accepted and implemented by various companies. They offer improved total power protection to the peripherals & systems and are help decrease data loss that is caused by power disruptions. The online solutions are mainly used for important business applications in various industries owing to which a high demand has been witnessed in the data center UPS market.