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Unveiling industrial Control Systems (ICS) security market outlook from a competitive angle, global industry to register 20% CAGR over 2018-2024

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Industrial control systems (ICS) security market, tagged as one of the most revolutionary verticals of the smart & sustainable technologies space, has garnered massive remuneration in the recent years, given the increasing demand for network connectivity to support critical infrastructure. Industrial automation and digitization trends have practically computerized most of the machinery and engineering components that have undeniably changed the way operations are now performed but have however increased attack surface areas. Reports in fact claim that the industrial sector witnessed a significant increase in the number of vulnerabilities in ICS between the years 2015 and 2017. It has been estimated that the number of vulnerabilities reported by major companies offering ICS solutions were 115 in 2016 and the number rose to over 197 in 2017.

North America Industrial Control Systems (ICS) Security Market Size, By Security Type, 2017 & 2024 (USD Million)

North America Industrial Control Systems (ICS) Security Market Size, By Security Type, 2017 & 2024 (USD Million)

The growth in the ICS security industry can be attributed to these rising malware attacks that generally drain the bank accounts, steal identities, and blackmail organizations to bring services to a halt. A significant instance is that of the NotPetya ransomware that shut down several industrial IT networks across the U.S. and Europe. The gigantic outbreak resulted in losses of thousands of millions of dollars for large enterprises, from pharmaceutical company Merck to shipping firm Maersk. WannaCry was another popular ransomware that caused enormous damage, however it was later realized that this unsophisticated attack could have been easily prevented by following the basic IT security practices.

The robust prevalence of incidences similar to the aforementioned has served as a pivotal driver for ICS security market. Owing to these constantly evolving cyberattacks that are becoming more commonplace, security concerns have grown considerably in recent times, resulting into robust demand for ICS security solutions. Speaking of the growth in the commercialization potential, reports claim that the industrial control systems security market bagged USD 1.5 billion for the year 2017 and is expected to thrive further with industry players focusing on strategic collaborations and product innovation trends.

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Kepware’s latest release of the KEPServerEX® version 6.5 industrial connectivity platform, in this regard is quite an example of the rising product innovation & diversification trends in the industrial control systems security market. The company’s new product launch demonstrates its commitment to ICS security and its word in providing customers with best tools and services that support defense-in-depth programs. According to reports, the 6.5 version, which existing users can now avail for free, includes features such as enhanced password configuration, greater project file protection, comprehensive secure deployment guidelines, and other updated security components. Kepware, a business arm of PTC, also claims that it will introduce a Shared Responsibility Model that will enable the company to work together with its customers and address security issues experienced by industrial organizations of all sizes.

Industry experts speculate that in today’s security landscape, the real pressure on all the industrial enterprises is to secure their operational networks. And Kepware’s commitment in adding new security features and maintaining up-to-date components that would help customers reduce exposure to cyber-attacks and vulnerabilities will in turn strengthen its footprints in the competitive landscape of the global ICS security industry.

The partnership between Rockwell Automation and Claroty is another fine instance that portrays how leading industrial control systems security market players are constantly expanding their reach through such strategic collaborations. The partnership between the two is expected to develop a purpose-built anomaly detection software for the industrial network security.

Numerous other leading ICS security industry players like Cisco, Honeywell, IBM, Schneider Electric, and GE Digital are also expected to keep pace with the changing dynamics of cyberattacks while ensuring the delivery of comprehensive security solutions. On grounds of these efforts being undertaken by the industry players to innovate advanced & efficient products, industrial control systems security market is certain to tread along a lucrative roadmap in the years ahead. As per Global Market Insights, Inc., the overall industrial control systems security market size has been forecast to be pegged at USD 7 billion by 2024.

Author NameOjaswita Kutepatil

A competitive overview of green data center market: heavy investments in green infrastructure development to augment the industry expansion over 2018-2024

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Green data center market is gaining immense popularity lately with the rise in concerns about the increasing energy costs impacting operational and economic efficiency. Most companies are presently implementing strategies to improve cooling and power infrastructure which is one of the vital factors influencing organizational performance, reliability, and serviceability. The shifting trends toward the deployment of green data centers for storing, managing, and distributing information have helped many software companies reduce energy consumption as well as the total energy cost. In fact, energy conscious companies are heavily investing in development of these centers for regaining cooling and power capacities, thereby providing impetus to green data center industry share.

Germany green data center market size, by solution, 2017 & 2024 (USD Million)
Germany green data center market size, by solution, 2017 & 2024 (USD Million)

Though expensive, considering the long-term benefits of this technology, numerous companies ranging from internet giants to automotive biggies and manufacturing firms to software companies have been involved in green data center infrastructure development. The paragraphs below succinctly elaborate the contribution of myriad companies propelling efficient data center industry share.

In 2018, the leading industry behemoth, Siemens signed a deal with the Irish renewable energy contributor, CES Energy for providing on-site electrical generation services for data centers of various technology multinationals located in Ireland. This on-site energy generation is touted to be rather beneficial for data centers in terms of reducing carbon footprints and energy costs, in addition to helping them meet their data center timeframes with the supply of reliable power. The incidence validates that the availability of renewable energy facilities ensuring on-site generation assistance for achieving emission targets will prove to be a key factor reducing the carbon emissions across Ireland, strengthening green data center market trends.

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Ireland seems to be an ideal location for the establishment of data centers pertaining to climatic conditions, on the grounds of which green data center industry players have been focusing on facility expansion across the nation. Taking into account the shifting focus of technology companies, the regional government is striving to establish Ireland as the European data capital. A few months earlier, the renowned e-commerce contributor, Amazon received approval from the Ireland government to construct a new data center facility in Dublin. The government provided land of 223,000 square feet for the center and an investment of EUR 200 million, with the help of which Amazon plans to establish seven data centers. The implementation of high-profile projects such as the aforementioned is certain to propel Ireland effective data center market.

Presently, many tech giants are looking forward to investing in data center infrastructure development across well-established industrial parks. Through this business expansion strategy, these companies plan to facilitate most of the energy so generated for enhancing operational efficiency. Validating the aforementioned fact, recently, social media giant, Facebook made it to the headlines for planning to invest USD 750 million to develop a data center facility in Huntsville based in Alabama after receiving approval from the local officials. In order to supply power to this facility, Facebook plans to use 100% energy from renewables. The company’s strategy is certain to help Alabama achieve economy benefits, as it is touted to receive about USD 300 million in new tax revenue from Facebook’s future data center over the coming 30 years. It is thus overt that massive investments in renewable data center facilities are likely to impel green data center market size across several geographies.

In addition to already established behemoths like Google and Facebook, many start-up companies are also entering green data center market. For instance, the U.S.-Norwegian start-up company, Kolos is planning to build the world’s largest data center in Northern Norway that will apparently use local hydropower and chilled air for minimizing energy costs. In order to develop this 600,000 sq/m, four-storey green data center building, Kolos has raised funds from the U.S. investment bank and several Norwegian investors. The start-up company declared that this project will be one of the world’s largest green data center as this plant will receive all the required energy from wind and hydropower, which will reduce energy costs by 60% and provide cost-effective benefits to customers.

The increasing awareness regarding green energy among the regulatory bodies of various topographies is certainly a pivotal factor driving green data center market share. In fact, most of the European countries have already implemented strict regulatory norms to encourage the adoption of renewable energy facilities. In this regard, myriad technology contributors have also started deploying renewable energy powered data centers, which has considerably pushed product demand. The continuous investments in facility expansions for achieving higher working efficiency with the reduction of overall operational cost is likely to boost green data center industry share. For the record, by the end of 2024, green data center market will collect a revenue of USD 25 billion.

Author NameSunil Hebbalkar

Liquid cooling systems based data center cooling market to amass significant gains over 2017-2024

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The surging implementation of IT in several end-use sectors including banking, retail, and telecom is likely to fuel data center cooling market. Currently, data centers play a pivotal role in the functioning of several business enterprises, given that any failure in data center operations can have a rather negative impact on business growth. In fact, data center heat removal is one of the essential back strategies to maintain data centers. The growing priority for precise cooling and heat rejection facilities in order to collect unwanted heat from data centers is slated to stimulate data center cooling industry share. The ongoing innovations in cloud computing and data center platforms has also been favoring the growth of this business vertical. In addition, the emergence of IoT and artificial intelligence has also positively influenced the revenue potential of data center cooling market size, pegged at USD 8 billion in 2016.

China data center cooling market size, by service, 2016 & 2024 (USD Million)
China data center cooling market size, by service, 2016 & 2024 (USD Million)

Data center cooling is one of the primary challenges ahead for data center users, owing to the adverse effects of excess heat and high temperature on the performance and lifespan of date centers. In order to enhance operational performance, many organizations are deploying more blade servers, which however results in high electricity requirement. The rise in electricity and cooling demand not only hampers the productivity of data centers but also increases the cooling costs. In this regard, several business enterprises are investing heavily in the development of efficient cooling and heat management facilities, which would considerably impact data center cooling industry trends. For instance, well-known internet giants Facebook and Google have declared an investment plan of USD 700 million to construct data centers in Iowa across U.S, which would help impel the commercialization scope of the regional data center cooling market. Thus, the rising number of investments in data center infrastructure development by leading tech behemoths is likely to influence data center cooling market outlook positively over the years ahead.

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Traditionally, in order to construct a new data center, nearly 35% of overall expenditure should be invested on cooling equipment. In fact, the increasing usage of emerging technologies such as Internet of things (IoT) and AI are fueling the requirement of powerful and larger data centers. In this regard, many of the giants in data center cooling market including Black Box Corporation, Schneider Electric SE, Rittal GmbH & Co. KG, Nortek Air Solutions, AdaptivCOOL, and Airedale International Air Conditioning are investing heavily in research and development activities to develop efficient and cost-effective cooling technology. As of now, most of the business organizations are primarily giving preference to liquid cooling systems, pertaining to its capability to consume lesser energy as compared to other systems. Some of the pointers supporting the deployment of these systems have been enumerated below.

  • Reduction in required floor space: Liquid cooling system takes 50% to 75% less floor space, which may help to install a new data center within available space.
  • Simplified infrastructure: Pertaining to the removal of components such as ducting, chillers, small PDUs and CPS, LCS’s simple infrastructure allows data centers to fit more IT facilities within the same space, thus augmenting data center cooling industry trends.
  • Safety: Liquid cooling systems offer complete safety when used alongside electronic components.

The robust growth in digitalization across the globe and the increasing demand for big data and cloud computing are likely to have a tremendous influence on data center cooling market. More importantly, increased application development and the fierce competition may help generate lucrative opportunities for data center cooling industry players, thus favoring the growth of the overall business vertical.

Author NameSunil Hebbalkar

Data center infrastructure management (DCIM) market to register a phenomenal CAGR of 20% over 2018-2024, government sector to drive the end use landscape

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The commercialization scale of data center infrastructure management (DCIM) market has been witnessing remarkable upswing in the recent years. The steady rise of this business space can apparently be accredited to the burgeoning complexity of managing large data centers and the limitations with regards to space and power. In addition to this, the robust proliferation of cloud technologies and big data along with the emergence of Internet of Things has necessitated numerous business verticals to focus on planning of physical infrastructure of IT based services. This has consequentially led to DCIM industry gaining tremendous traction over the past few years. In fact, according to reliable estimates, the overall revenue share of this business space is set to surpass USD 3 billion by 2024.

U.S. data center infrastructure management (DCIM) market size, by solution, 2017 & 2024 (USD Million)
U.S. data center infrastructure management (DCIM) market size, by solution, 2017 & 2024 (USD Million)

 

Government sector to emerge as one of the leading end use segments that would drive DCIM market expansion

In an era when cyber-attacks from ‘nation state actors’ have become an everyday occurrence across the globe, it has been observed that numerous governments are increasingly allocating massive resources to fortify network security. In addition to this, various regulatory authorities have mandated stringent guidelines to monitor and identify potential vulnerabilities in the digital infrastructure of developed and developing nations.

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Nlyte Software, one of the major US based DCIM market giant, has recently announced to have received the much-coveted approval of the Department of Homeland Security for its DCIM suite. Reportedly, the latest approval makes it the first DCIM solution across the U.S. to adhere to all the stipulations prescribed in the Phase 1 of Continuous Diagnostics and Mitigation (CDM) Program of the federal government. For the record, the U.S. federal government had rolled out a Continuous Diagnostics and Mitigation (CDM) Program a few years back to ensure security and integrity of software and hardware assets of the nation.

Apparently, industry experts claim that such approvals would provide advanced tools and capabilities to various governmental agencies to continuously monitor the safety of critical data centers across various nations. Furthermore, it is quite needless to mention that such encouraging developments would eventually impel the growth potential of the overall DCIM industry in the ensuing years.

Elaborating further, it would be prudent to mention a similar instance of governmental initiative that has provided a substantial boost to the firms operating in Australia’s DCIM industry space. The Northern Territory government of Australia has recently declared its Budget for 2018-19 in which it has allocated a total sum of around AU$18.38 million to support initiatives under the Department of Corporate and Information Services.

As part of this scheme, the government plans to upscale the number of physical servers from 444 to 460 and intends to increase the number of its fully managed servers from 1600 to 1700 in the next financial year. With such enormous upgradation program in the pipeline, it is quite obvious that prominent firms partaking in DCIM industry of Australia sense an excellent opportunity to deploy their expertise in securing the nation’s data center network.

One of the major challenges being faced by DCIM market players has been the responsibility of bridging the complex web of interconnections among a network of data centers. With the advent of enhanced automated tools, highly optimized management workflow procedures, and deployment of real-time monitoring systems, the aforementioned challenges are being gradually surmounted by DCIM industry stakeholders. This trend of improved functionality coupled with powerful IT-based applications would invariably have a favorable influence on the growth prospects of DCIM market share in the times to come.

Author Name : Saif Ali Bepari

System integration market to amass hefty proceeds from the IT and BFSI sectors, global industry to surpass USD 450 billion by 2024

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In the present industrial scenario where companies require their systems to work in meticulous synchronization, the role of system integration market is considered highly significant. In an effort to stay abreast of all the developments that have the potential to impact the company’s remuneration, most growing organizations are seeking the deployment of an integrated system that can standardize business procedures and reduce the complexity of processes. For instance, Concept3D, a prominent firm specializing in bringing mapping to the digitalized world, recently declared that it has become an OSIsoft partner, endowed with the capability of integrating & displaying operational data from OSIsoft’s PI System.

India system integration market size, by service, 2016 & 2024 (USD Billion)
India system integration market size, by service, 2016 & 2024 (USD Billion)

The cumulative proliferation of the internet and its impact on numerous operations has added a renewed stimulus to system integration industry. The proliferating trend of outsourcing business processes has further led to increased focus on system integration. Advancement in technologies has prompted many businesses to adopt mobile channels to approach and reach their customers easily – a trend that would contribute toward augmenting system integration industry outlook.

Among the various segments that contribute toward system integration market growth, integrated building management system would require a special mention. Technological developments in the system integration industry have led integrated buildings to be able to maintain heating/cooling and even support energy conservation, monitor individual power supplies and initiate emergency response. According to the research conducted by the American Society of Heating, Refrigerating and Air-Conditioning Engineers, investing in an integrated building management system can improve the productivity of employees and occupants and save more than 14% in annual costs measured in lost productivity.

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The rising demand for internet connectivity has led to an increased requirement of hardware and software solutions in the IT and telecom industry, consequently leading to the expansion of system integration market. The emergence of advanced technology in communication services and a paradigm shift of the customer base from wired to wireless services has massively propelled system integration industry from the IT & telecom sector. In this regard, it would be prudent to mention that China has a pivotal role to play in augmenting the regional system integration industry size from IT applications, primarily on account of the evolution of 5G networks and a rise in business consultancy services. China in fact, has even launched a five-year plan to provide internet connectivity to rural areas.

Among other major end users of system integration services, it would be imperative to mention the banking, financial services, and insurance (BFSI) sector. The rising demand for online banking and mobile applications will ensure that the BFSI domain emerges as a vital growth ground for system integration market in the ensuing years. The situation is also mainly attributed to the fact that banks majorly require these services to lower ownership costs, improve business processes, mitigate risks, and increase operational efficiency.

The high initial costs associated with using these services and the lack of the appropriate broadband infrastructure and network are some of the major factors that might hinder the growth of system integration market. SMEs for instance, are a severely restricted financial budget and hence have difficulty in accessing this facility. However, highly skilled labor has been helping to lower the overall costs of these services and is anticipated to drive system integration industry demand in the long term. More recently, the rising prominence of IoT and the advent of Industry 4.0 have heightened the importance of the interconnection of various disjointed hardware and software solutions throughout the organization. This will unrefutably fuel system integration market share, slated to increase at a CAGR of 6% over 2017-2024.

Author Name : Paroma Bhattacharya

Geofencing market to witness a staggering CAGR of 28% over 2017-2024, retail sector to drive the application landscape

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With evolving emphasis on location-based marketing in retail space, geofencing market has indeed gained a widespread recognition in the mainstream tech cosmos. Over the recent years, it has been observed that the share battle between online and offline business platforms is intensifying. As a result, bricks and mortar giants have been increasingly looking for ways to implement e-commerce alternatives, the fundamental factor that has impelled geofencing industry share. Quite comprehensible from the terminology, geofencing is a service that, via an app utilizes RFID or GPS technology to increase the virtual boundary around a particular geographic location. Apparently, the technology is being extensively deployed in retail stores nowadays in an attempt to enhance in-store consumer experience.  In fact, on grounds of its far-reaching acclaim, numerous tech behemoths have been trying their hands with the technology in recent years, attempting to bring forth a slew of innovative applications in geofencing market.

Geofencing Market Size, By Application, 2016 & 2024 (USD Million)
Geofencing Market Size, By Application, 2016 & 2024 (USD Million)

Unveiling geofencing market trends with reference to its application landscape:

  • American Eagle, one of the renowned clothing and accessories retailers, in the year before last, launched a groundbreaking reward scheme for its customers to encourage purchase. Reportedly, the U.S. headquartered company has utilized geofencing technology to create this app, which in a way is pushing consumers to add more items in their shopping carts to see what they can receive in return. Since the strategy compels the users to at least consider the items that might be otherwise left on the rail, the probability of more purchases undoubtedly increases. This absolutely innovative strategy applied by the American retail giant grabbed the headlines back then and has been stamped as a benchmark in geofencing market growth.

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  • 2016 has indeed been a breakthrough year for geofencing market, with leading food giants striving hard to exploit the potentialities of this technology in their business model. McDonalds, for instance, had started incorporating geofencing service in its mobile app for optimizing the food preparation time. Sources claim, the fast food giant’s decision of implementing this app comes in the wake up of long wait queues in front of McDonalds outlet and amidst the chances of receiving cold food. The geofencing based app designed by the company aptly detects when the customer gets closer to the counter and simultaneously alerts the staff to start preparing the order. Needless to mention, growing deployment of these kinds of innovative technologies have enhanced instore consumer experience, which by extension has stimulated geofencing market expansion.

The application matrix of geofencing industry is not just replete with retail domain, though it is undeniable this sector is a lucrative growth avenue for the entire business space.  Besides, retail space, geofencing market share stands to gain much from security and defense applications. Numerous companies participating in the business space have been creating a whole hog to bring about significant advancements in the capabilities of this solution with enhanced integration and accuracy functionalities. In this regard, China has recently made it to the headlines with the announcement of its decision of integrating geo-fencing based facial recognition system for security and surveillance in Xinjiang. Reportedly, these geofencing tools alert authorities when targeted people venture 300 meters beyond the designated safe area zone. These kinds of appreciable efforts undertaken by tech giants and governmental bodies toward promoting geofencing technology is certain to bring forth a plethora of opportunities for geofencing industry participants in the coming years. Validating the declaration is the estimate by Global Market Insights, Inc. that forecasts the global geofencing market to surpass a valuation of USD 1.7 billion by 2024.

Author Name : Satarupa De

Electronic document management system market to register a double-digit growth rate over 2017-2024, driven by extensive product demand for cybersecurity applications

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The growing emergence of IT solutions and surging adoption of digitization has had a positive impact on electronic document management system market. In today’s scenario, documents have become an integral part of the corporate and and academic sectors. In consequence, document management systems have attained a preferential position in every organization, given that an effective document management strategy helps companies retrieve important documents very efficiently when required. For instance, Digipaper is one of the most versatile and innovative software products implemented by several organizations to manage the escalating accumulation of digital and paper documents by generating archives for efficient and convenient operations.  It is also prudent to state that converting paper documents to digital ones is one of major factors certain to stimulate electronic document management system industry share. An effective EDM system also reduces the wastage of time and the frustration that stems from not finding the right documents when needed. It has been observed that once an effective document management system is installed in an organization, the quality of work, customer satisfaction, and operational efficiency soars to tremendously great heights. The rising implementation of EDMS technology thus, will lead to electronic document management system market witnessing tremendous growth in the ensuing years, having accumulated USD 2 billion in 2016.

UK EDMS market size, by service, 2016 & 2024 (USD Million)
UK EDMS market size, by service, 2016 & 2024 (USD Million)

With the implementation of data management systems, many companies have successfully overcome security breaches – a factor that will further stimulate electronic document management system industry size. For instance, in 2014, oil and gas industries across the United States witnessed a series of high-profile accidents, for which the NTSB (National Transportation Safety Board) had been summoned to undertake a study for minimizing any such occurrences in the future. NTSB then found that seven out of 33 findings were data management issues. In this regard, NTSB had framed regulatory guidelines to minimize the possible safety threats from data breaches. In order to comply with regulatory norms, several giants in O&G sector eventually deployed EDM systems on large scale, which has stimulated electronic document management system market size.

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The evaluation of EDMS i.e. collection of various technologies that work combinedly to supply comprehensive solution to manage indexing, creation, retrieval, capture, and information assets of companies has eliminated unnecessary procedures in the organizational progress. The rising adoption of EDMS in the industrial sectors to achieve high operational excellence is thus likely to propel electronic document management system market. A few months before, the renowned chemical manufacturer, DOW chemical selected one of the key players in electronic document management system market, Synergis Software to deploy the Adept EIM (Engineering Information Management) solution. The main aim behind the deployment of this advanced system was to provide quick access to capital engineering project documents, enhance global collaboration, and support fast post-project data handover. Before the deployment of EDMS, Dow Chemical had at least 20 different kinds of information management systems to process nearly 3 million documents. After the implementation of EDMS however, Dow Chemical has successfully reduced the risk associated with data management with highly reliable and intuitive solutions. The growing adoption of EDMS is thus heavily influencing electronic document management industry share.

Owing to their efficiency and productivity, EDM systems play a vital role in cybersecurity. The document management systems enable user to access cybersecurity tools for overcoming data leak risks. The surging deployment of EDMS across various industrial sectors to preserve the consumer’s rights and to prohibit leaks is essentially what will drive electronic document management system industry trends over the years ahead. In addition to this, healthcare facility providers are also utilizing document management systems to provide better medical care solutions to their patients. Endowed with a significantly widespread application spectrum, electronic document management system industry outlook is likely to witness a dynamic transformation in the years ahead.

Author Name : Sunil Hebbalkar

Liquid cooling systems based data center cooling market to amass significant gains over 2017-2024

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The surging implementation of IT in several end-use sectors including banking, retail, and telecom is likely to fuel data center cooling market. Currently, data centers play a pivotal role in the functioning of several business enterprises, given that any failure in data center operations can have a rather negative impact on business growth. In fact, data center heat removal is one of the essential back strategies to maintain data centers. The growing priority for precise cooling and heat rejection facilities in order to collect unwanted heat from data centers is slated to stimulate data center cooling industry share. The ongoing innovations in cloud computing and data center platforms has also been favoring the growth of this business vertical. In addition, the emergence of IoT and artificial intelligence has also positively influenced the revenue potential of data center cooling market size, pegged at USD 8 billion in 2016.

China data center cooling market size, by service, 2016 & 2024 (USD Million)
China data center cooling market size, by service, 2016 & 2024 (USD Million)

 

Data center cooling is one of the primary challenges ahead for data center users, owing to the adverse effects of excess heat and high temperature on the performance and lifespan of date centers. In order to enhance operational performance, many organizations are deploying more blade servers, which however results in high electricity requirement. The rise in electricity and cooling demand not only hampers the productivity of data centers but also increases the cooling costs. In this regard, several business enterprises are investing heavily in the development of efficient cooling and heat management facilities, which would considerably impact data center cooling industry trends. For instance, well-known internet giants Facebook and Google have declared an investment plan of USD 700 million to construct data centers in Iowa across U.S, which would help impel the commercialization scope of the regional data center cooling market. Thus, the rising number of investments in data center infrastructure development by leading tech behemoths is likely to influence data center cooling market outlook positively over the years ahead.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/423

Traditionally, in order to construct a new data center, nearly 35% of overall expenditure should be invested on cooling equipment. In fact, the increasing usage of emerging technologies such as Internet of things (IoT) and AI are fueling the requirement of powerful and larger data centers. In this regard, many of the giants in data center cooling market including Black Box Corporation, Schneider Electric SE, Rittal GmbH & Co. KG, Nortek Air Solutions, AdaptivCOOL, and Airedale International Air Conditioning are investing heavily in research and development activities to develop efficient and cost-effective cooling technology. As of now, most of the business organizations are primarily giving preference to liquid cooling systems, pertaining to its capability to consume lesser energy as compared to other systems. Some of the pointers supporting the deployment of these systems have been enumerated below.

  • Reduction in required floor space: Liquid cooling system takes 50% to 75% less floor space, which may help to install a new data center within available space.
  • Simplified infrastructure: Pertaining to the removal of components such as ducting, chillers, small PDUs and CPS, LCS’s simple infrastructure allows data centers to fit more IT facilities within the same space, thus augmenting data center cooling industry trends.
  • Safety: Liquid cooling systems offer complete safety when used alongside electronic components.

The robust growth in digitalization across the globe and the increasing demand for big data and cloud computing are likely to have a tremendous influence on data center cooling market. More importantly, increased application development and the fierce competition may help generate lucrative opportunities for data center cooling industry players, thus favoring the growth of the overall business vertical.

Author Name : Sunil Hebbalkar