Whichever way you look at it, data centres underpin the foundation of the global economy. From telecoms and banking to eCommerce and healthcare, they are used to store and release information in almost every sector. If you’re interested in knowing more about the next generation technology read on for a list of key ‘need to know’ facts about tomorrow’s global data centre market and how it’s set to evolve over the next five years.
The demand for data centre power is set to surge
From 2014 to 2019 client-centric market research and consulting firmMordor Intelligence predicts that the global market for data centre power will sky-rocket from $15.07 billion to a huge $24.01 billion. This represents a staggering compound annual growth rate of 9.67%. The surging demand for power is solely due to a rapid rise in the world’s demand for data centre storage space.
Liquid cooling will front the eco-friendly policies trend
Unsurprisingly, a trend towards greener data centres will shape the face of tomorrow’s data centre market, with liquid cooling systems at the vanguard of the eco revolution. According to analysts the global market for eco-friendly data centres will more than triple from $23.41 billion in 2014 to $78.69 billion by 2019. “It’s a matter of physics. Water is a more efficient coolant than air,” maintains Hector Diaz, AFCOM President of leading data centre management group Denver.
An increase in shared space
In 2015 experts maintain that there will be a drastic jump in the global market for colocation,with Mordor Intelligence analysts forecasting that from 2014 to 2019 the value will almost double from $25.07 billion $44.69 billion. Diaz agrees, maintaining that small scale enterprises need to embrace opportunities for leverage and take advantage of the economies of scale that teaming up with large scale data centres represents.
Standards are set to change
Over the past few years the industry has been pushing for more clarity when it comes to current Uptime Institute tier standards. 2015 is set to be the year when these requests finally come to light.
European will undergo rapid growth
When it comes to new data centre customers Western Europe leads the way. Over the next few years this trend is set to continue, with more and more blue chip companies commissioning new data centre build on EU shores. Similar to the rest of the world, experts are predicting that a scarcity of real estate will force many European data centres to collocate in order to save cash.