In today’s world of smart devices, increasing usage of mobile data, and great internet connectivity, huge amounts of data is generated every day, which requires more storage space and proper infrastructure, thereby driving growth of data center solutions market. End-users are now turning towards efficient power and cooling solutions over traditional practices where data centers are concerned.

Drivers and Opportunities

An abrupt and exponential increase in consumption of data has led to a rise in demand for data storage, thus increasing the demand for data centers. This demand for more number of data centers is driving the data center electrical and mechanical solutions market, which is expected to see a significant growth in the future. The mechanical solutions market in particular, is also predicted to witness a substantial growth rate in the future since cooling solutions boost the performance of the electrical equipment of the system. This in turn, will show some potential opportunities for all the vendors and other operators in data center sector. In order to boost the growth of this market, many organizations are now acquiring their own data centers to meet their storage needs.

Market Forecast and Analysis

The data center solutions market is set to grow from USD 18.56 Billion to USD 32.30 Billion at a projected CAGR of 11.7% from 2015 to 2020. While in 2015, North America is expected to have the largest share of the market; the market in APAC has been estimated to lead the global market for data center solutions with the highest market share by 2020, mainly because of the developing infrastructure and more number of data centers coming up in this region.

Telecom and IT sector is expected to dominate this market with the highest market share during the forecast period. BFSI and Telecom & IT sectors are also expected show ample growth opportunities, thanks to SMBs and large enterprises, which are working towards establishing new data centers.

Schneider Electric, ABB, Emerson Electric, Rittal, Black Box Corporation, Eaton, Delta Electronics, Tripp Lite, HP, and Siemens AG are some of the prominent players in the global data center solutions market.

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Scope of Research – Segmentation

The data center solutions market has been largely segmented into solutions, user types, services, verticals, and geographical regions, which are further classified into following:

• Solutions

1. Electrical Solution (Power distribution and measurement, Power backup, Cabling infrastructure)
2. Mechanical Solution (Air conditioning, Chillers, Economizers, Cooling tower, Server cooling, Management system, Others)

• User type

1. Mid-size data center
2. Enterprise data center
3. Large data center

• Service

1.   Consulting
2.   System integration
3.   Professional

• Vertical

1. BFSI
2. Telecom and IT
3. Government
4. Energy
5. Healthcare
6. Others

• Geographical Regions

1. North America
2. Europe
3. Asia-Pacific (South Korea, Australia, New Zealand, Others)
4. Middle East & Africa
5. Latin America (Brazil, Argentina, and rest of Latin America)