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As per the report published by Fior Markets, the global data center power market is expected to grow from USD 14.9 Billion in 2017 to USD 34.7 Billion by 2025 at a CAGR of 11.1% during the forecast period from 2018-2025.North America is dominating the market due the presence of many CDP vendors in North America for delivering improved personalized customer experience which boosting up the use of customer data platforms in the region.

Global Data Center Power Market by Type (Solution, Service), End User Type (Mid-Size Data Center, Enterprise Data Center, Large Data Center), Vertical, Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.

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Leading companies in the industry include Schneider Electric SE, Server Technology, Inc., Intel Corporation, Rittal GmbH & Co. KG, Raritan, Inc., Emerson Network Power, Hewlett-Packard Company, General Electric Company, Eaton Corporation Plcamong otherswhichare offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.For instance, in March 2018, Cyber Power Systems (USA), Inc., a designer and manufacturer of PDU, UPS, and other power systems announced the launch of a software known as Power Panel for its UPS system which allows users to remotely monitor UPS with serial port number and control the unattended computer shutdowns.

The type segment is classified solution and services. The services segment is expected to grow at a higher CAGR of 13.9% during the forecast period due to rising investments in start-ups and the use of better and improved technology. End-user type segment is divided into segments such as mid-size data center, enterprise data center and large data center. The enterprise data center segment is dominating the market with the highest share of 49.60% in 2017. High need for scalable and cost-effective solutions is expected to boost up the growth of customer data platform solutions among SMEs. The vertical segment includes banking, financial services, and insurance, energy, government and defense, healthcare, manufacturing, research and academia, retail, telecommunications, and IT and others. The retail segment is dominating the data center power market and valued around USD 3.84 Billion in 2017. Most of the marketing agencies are opting the customer data platform solutions for better customer engagement and delivering personalized interactions

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Use of advanced systems to reduce power consumption coupled with the evolution of modular data centers is one of the driving force. Also, anomalies in power supply through the UPS system and higher implementation of digitization and cloud computing are also fuelling the growth of the market. The growing demand to manage unstructured data on the cloud has resulted in an upsurge in a number of data centers across the globe. But it involves high investment initially which may hinder the growth of the market. However, the development of modular data centers and higher implementation of modular PDUs among data centers should drive the industry growth in the coming years.

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