The research and consulting firm Mordor Intelligence recently has released three reports on the green data centre market over the next five years. These reports identify some major trends, especially an explosion in green agenda due to environmental pressure on governments.
Here you find the five key trends according to Mordor’s reports that will define the data center market in the next years:
1. Powering data centers: Driven by an exceptional demand for data storage space 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%.
2. Going green: A sharp rise in demand for data storage space and increasing government regulations to adopt eco-friendly agendas drive the green data center market, which 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%.
3. Colocation: Due to the increasing concerns regarding the expenses associated with running a data centre, 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%.
4. Boom in European Colocation: Especially Western Europe is seeing a rapid growth in terms of new data centre customers. Along with these expanding businesses, real estate is become more and more scarce, upping the need for colocation.
5. US data centers need to cool down: North America is home to the biggest software companies in the world – and home to many of the the huge data centers that handle the traffic from around the world. These need cooling to keep them operational, and therefore Mordor identifies the US as the biggest market for data center cooling.
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