Market Trends of North America Data Center Power Industry
This section covers the major market trends shaping the North America Data Center Power Market according to our research experts:
Telecommunication Industry to Show Significant Growth
- The demand for data centers is growing at an accelerated pace, and keeping these facilities constant, operational is essential. The telecom sector is driving the demand for data centers to deliver content, mobile, and cloud services. In this phase, interconnecting data centers and WAN connectivity are paramount network requirements that create high storage resources with high-energy consumption, for which an efficient power management system is essential.
- Since the advent of the internet, telecommunication has been one of the major driving forces behind global development and value creation. Recently, there were many changes occurring in the telecom industry that is attributed to the advancement in technology. Telecom companies and virtually all businesses that access telecom networks are expected to feel both the immediate as well as far-reaching impacts because of these major trends that are currently being circulated in the telecom sector.
- The market is witnessing several strategic acquisitions and partnerships over the years due to the growing demand for data centers in the telecommunication industry. For instance, in November 2021, American Tower Corp announced to buy U.S. data center operator CoreSite Realty Corp for USD 7.51 billion in cash to tap into a sector that has seen a boom in demand during the COVID-19 pandemic.
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United States to Hold the Highest Market Share
- The United States has maintained a continued growth in data center infrastructure solutions. Modular data center investments in tier-2 cities are responsible for data center facilities to rise, especially for local users, which is driving the growth of the data center power market.
- Several efforts have been made by the United States to modernize its infrastructure. In a plan to achieve this, the US Army planned to spend up to USD 249 million to deploy private cloud computing services and data centers. General Dynamics, HP, and Northrop Grumman are among the service providers selected for the Army Private Cloud contract, which will provide cloud computing services to consolidate data centers using a secure private cloud.
- Further leading players in the market are launching new cloud solutions for efficient power consumption of data centers. For instance, in February 2021, IBM announced new capabilities available on the IBM Power Systems platform to help meet business needs, no matter what point you are at in transforming your data center for the hybrid cloud era.
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