According to a report by P&S Intelligence, the revenue of the data center power market was USD 19,555.1 million in 2021, and it will grow at a rate of 6.1% in the years to come, to touch USD 33,380.1 million by 2030.
The tier III & tier IV category had the largest revenue share of over 90% in 2021, and it will be like this in the years to come as well.
This is largely due to the fact that these categories offer N+1 and 2N redundancy, which means the architecture can withstand all the IT load, as well as extra components for power backup, therefore guaranteeing that performance is not harmed if one component fails.
In the years to come, the IT and telecom sector will dominate the industry. Huge amount of data is generated because of the wide-ranging usage of IoT, AI, and cloud computing.
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This data comes from mobile internet use, billing activity, network equipment, personnel records, server logs, and social networks. Consequently, the industry had more than 50% share of the sales in the recent past.
5G networks will play a critical role in assisting policymakers and governments in converting cities into smart cities, in that way letting people to understand and contribute in the socioeconomic support provided by a data-intensive, progressive digital economy.
Consequently, authorities will be needed to build and upgrade passive assets, for example data centers and fiber networks.
Furthermore, the APAC region will be the fastest-growing in the years to come because of the disposition of edge computing locations across nations, including Japan, China, and India. Also, the government of these nations is promoting data centers, along with investing heavily on the development of infra.
It is because of the growing number of data centers, and rapid cloud service adoption globally, the demand for data centers is on the rise, all over the world.
