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Data Center Cooling Market New Revenue Pockets
Data center cooling market in healthcare is also expecting considerable growth rate. Because of transition from handling health records manually to maintaining electronic records, healthcare industry is facing profound need for accessible and secure data storage. This is driving the market for data centers in the healthcare industry, which in turn is creating huge opportunity for data center cooling vendors to serve the healthcare industry as well.
In the data center cooling market, telecom and IT industry vertical is expected to account for the largest market share in the forecasted period, from 2013 to 2018. Data center cooling is being used in the telecommunication and IT industries to cool down the data center temperature to an appropriate level, so that data center operations can be performed in an efficient manner. Technological advancements in the cooling technologies for data centers have open up opportunities for various prominent market players as well as the start-up companies, in the data center cooling space. With the rise in new data centers deployment and retrofits across the world, the market for cooling in data centers is expected to foresee significant traction, in the forecasted period. The demand for data center cooling varies for different industry verticals, and highlights the industry areas which can be more beneficial in terms of opportunities.
However, there are few more revenue pockets, namely banking, financial services, insurance, and healthcare, which are expected to witness significant growth in the forecasted period. Some other verticals anticipated to grow in the data center cooling market include retail, transportation, education, manufacturing etc.
Banking, Financial Services and Insurance (BFSI) vertical in the data center cooling market also contributing heftily. It is also contributing significantly in the total market for data center cooling. From 2013 to 2018, MarketsandMarkets expects this industry vertical to hold significant market share, but it will follow the telecom and IT vertical throughout the forecasted period. The traction in this market is driven by the growing demand of efficient data centers.
Data Center Cooling Market [ Solutions (AC, Chillers, Economizers, Cooling Towers, Management Systems), User Types (Cloud, Colocation, Enterprises), Services, Green Data Centers] - Global Advancements, Worldwide Forecasts & Analysis (2013-2018)
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