Data center UPS market expected to grow at 7.3% CAGR from 2014 to 2020
Global data center UPS market is projected to exceed over USD 5.67 billion by 2020. This growth can be attributed to falling tolerance limits and interruptions in data transmissions. Besides, need to prevent loss of confidential data has subsequently augmented UPS installations in data centers. The market is expected to experience growth at CAGR of 7.3% on account of rising demand for CRM systems, ERP systems, file servers, data warehouses and cloud storage. Product development through innovations exhibiting energy efficient and eco-friendly technologies have resulted in compensating for increasing power costs which are expected to propel growth over the forecast period. Portable UPS systems have gained widespread acceptance, particularly in small and medium businesses (SMBs), which is projected to drive the market. Increasing prominence of smart UPS systems owing to its capability of self-diagnosis and communication that considerably reduces troubleshooting time is anticipated to have a positive impact on the market. On a contrary, lack of product diversity among primary companies has hindered the product industry. Slowdown in semiconductor industry has subsequently affected the industry resulting in lack of inventory supply View summary of this report analysis/data-center-ups-market
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