The global data center cooling services market is expected to grow at a CAGR of 14% by 2030, driven by advancements in cooling technologies and rising data center demands.
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Higher internet penetration across the globe has created higher demands for consumer electronics among the major population. The global internet penetration rate was calculated to be approximately 59%, with Northern Europe ranking first by holding 95% penetration. It is estimated that consumer electronics industry grew by 4.3% during 2020 and 2021 alone in United States. These increasing demands for network enabled devices have boosted the demands for efficient data storage system. Due to that major market players are highly inventing in data center infrastructure globally. Currently, there are more than 8000 data centers present across the globe. During the data storage processes, these data centers produce high amount of heat which can endanger the entire data center facility. To overcome this threat, efficient data center cooling techniques are required. The rising adoption of various cooling strategies such as free cooling methods, air containment and closed loop cooling are expected to fuel the market growth for data center cooling systems and services. In addition to that, due to, outsourcing data center services into a collocation facility, companies can rely more on research and development for the proficient cooling services. Data center services refer to all the supporting components which are necessary for the proper operation. That includes all the implementation, maintenance and operation of a data center. The accelerating demands for cost-efficient and eco-friendly data solution for the reduction of energy consumed by the data centers are expected to propel the market growth.
According to the research report, “Global Data Center Cooling Services Market Outlook, 2030” published by Bonafide Research, data center cooling services market is anticipated to grow with 14% CAGR during the forecast period. The deployment of advanced technology has improved the various facilities and systems. This deployment has implanted the integration of artificial intelligence (AI) for the data center cooling market. Many organizations and enterprises are focusing on ideal solutions in order to maintain temperatures in data centers by embracing the AI technology in their applications. Based on the geography, global data center cooling services market is segmented into five prominent regions including North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Among these regions, North America is expected to acquire higher market share during the forecast period. The higher adoption of data center cooling services into developed countries such as USA and Canada are expected to boost the market growth across the region. Asia-Pacific region is anticipated to grow with highest CAGR during the forecast period due to higher technology revolution across the region.
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