In the data center UPS market size, the colocation segment has a vital market share in various European and Asian countries since the last few years. Several businesses are migrating part of the IT infrastructure to the cloud, as the colocation data centers are emerging as a perfect solution for providing physical distance among business servers and cloud providers. Several colocation companies are installing innovative technologies to enhance data center quality, improve processing and modernize the operations.
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.
The increased adoption of IoT across several applications such as BFSI, healthcare, manufacturing, telecom & IT has generated a demand for data center UPS market which provide enhanced efficiency through reduced energy consumption. The industry is witnessing a shift towards data center colocation, as colocation services help simplify several processes. Companies implementing and using colocation services are relying on the vendors to handle intricate facility systems, such as IT setup and hardware upgrades without having to concern about the data center facility-related issues thereby driving the colocation demand.
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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 industry.
North America, the hub for tech advancements, accounted for close to 30% of the overall data center UPS market share in 2016, driven by rapid expansion of the manufacturing, IT & telecom, entertainment, and healthcare sectors. Furthermore, data center UPS market companies have been striving to come up with innovations on the home ground so as to increase the momentum of the regional industry. For instance, Fuji Electric Corp Of America has recently come up with their latest UPS system – the UPS7300WX-T3U, which is apparently a transformer-less UPS that can withstand an explicit load and environmental condition of the data center. The system utilizes Fuji Electric’s patented RB -IGBT Technology to deliver up to 97.5% efficiency, and is likely to heavily impact the product landscape of North America data center UPS industry.
Major companies across data center UPS market have been adopting tried-and-tested growth strategies based on the grounds of quality, technology, price, distribution, service and brand. As the tech cosmos depicts massive growth prospects in the years ahead, it is expected that data center UPS industry trends would undergo a considerable change of sorts, which would substantially impact the revenue graph of this business vertical. As per Global Market Insights, Inc., data center UPS industry size is expected to cross a valuation of USD 4.5 billion by 2024.
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