As the world becomes increasingly digitalised, the need for data centers is growing rapidly. Data centers help store, distribute, and safeguard cloud data through an intricate and interconnected network. Digital financial transactions, e-commerce, media and entertainment, social media, and several other modern lifestyle staples depend on the presence of a robust cloud data network. In such a scenario, keeping the data centers operational forever is extremely vital. Many market players have to invest in impeccable power management. In such a business environment, the global data center UPS market is exhibiting sound growth prospects. Many organisations are also adopting remote-working models which depend on cloud computing for smooth operations. As these trends are expected to affect all market regions due to paced digitalisation, the demand for data center UPS systems is set to soar.
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Growing Digital Payment Usage to Create Tremendous Business Outcomes
In the recent past, digital payments and online backing have increased at an explosive pace. This is due to technological advancements in communications and smartphone technologies. To sustain the stable operation of services and prompt consumer support, many banks and financial organisations are investing in robust data management infrastructure. Such developments are creating healthy demand for data center UPS systems. As payment processes are getting digitalised across both private and public domains, the economic imperative of adopting digital payments has intensified greatly. Moreover, the need for boosting financial inclusion, tax revenue, and end-user service spectrum is growing. To this end, the global data center UPS market expanding rapidly.
Soaring Entertainment Media Consumption to Skyrocket Global Data Center UPS Market Expansion
As consumption patterns become more digitalised, the media and entertainment industry is investing heavily in reliable and fast data management services. Most users prefer to stream content in high-quality resolutions and bit rates, the margin for compromise in the quality of data center services. The creation, gathering, and distribution of news, advertising, and entertainment content is growing across the globe. The younger age groups including millennials and gen Z is growing in number and is the biggest contributor to the demand for high-quality digital content. In such a business landscape, the global data center UPS market is poised to grow throughout the forecast period.
North America to Sustain Market Leadership Amidst High Internet Penetration
High digital content consumption, coupled with the presence of major market entities is set to sustain North America as the leading data center UPS market region. Major regional economies such as the USA and Canada are actively investing in state of art data center infrastructure. This region is also disaster-prone and susceptible to power outages, which creates a greater need for reliable data management. Moreover, about 75% of the total population in the USA has access to the internet. In this regard, many regional data centers are being set up to provide reliable service 24*7.
Leading Market Players
The most competitive players in the global data center UPS market include AEG Power Solutions, General Electric Company, Power Innovations International Inc., ABB Ltd., Clary Corporation, Huawei Technologies Co., Ltd., Belkin International Inc., Brainasoft, Delta Electronics Inc., Eaton Corporation, Toshiba Corporation, Vertiv Co., Intellipower Inc., Legrand, Panduit Corporation, Shenzhen Kstar Science & Technology Co., Ltd, Schneider Electric SE, Mitsubishi Electric Corporation, Socomec, and Xiamen Kehua Hengsheng Co., Ltd.
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