Market research

Data Center UPS market is projected to witness the growth at a CAGR of 8.71% during the forecast period to reach the total market size of US$6.120 billion by 2021. Rising cloud computing solutions, increasing adoption of virtualization solutions, and growing demand for streaming media are some of the key drivers creating the need for data centers and thus, impacting positively the growth of global data center UPS market. Since power outages can raise operational costs in terms of loss of data, uninterrupted power supply to data centers has become a necessity for businesses around the world, thereby boosting the demand for data center UPS. Other factors such as the increasing number of smartphone users, remote access services and increasing use of online services by enterprises are augmenting the growth of data center UPS market. Furthermore, the construction of new data center facilities coupled with the renovation of the existing ones will bolster the growth of the data center ...