According to a new report, published by KBV research, The Global Offsite Data Center Power Infrastructure Market size is expected to reach $35.6 billion by 2031, rising at a market growth of 17.2% CAGR during the forecast period.
High capital expenditure is one of the most significant barriers, as establishing and upgrading power systems in data centers can be prohibitively expensive. Smaller businesses and operators in emerging markets may struggle to justify the upfront investment required to build state-of-the-art power infrastructure, limiting their ability to compete in the market.
The Solutions segment led the Global Offsite Data Center Power Infrastructure Market by Offering in 2023; thereby, achieving a market value of $24.9 billion by 2031. The solutions segment in the offsite data center power infrastructure market is driven by the increasing need for reliable, scalable, and energy-efficient power systems as data centers expand globally.
The BFSI segment is growing at a CAGR of 16.1 % during the forecast period. The segment is driven by the sector's reliance on secure and resilient data centers to handle vast amounts of sensitive financial data. The demand for continuous data access, in conjunction with stringent regulatory obligations for disaster recovery and data security, has spurred substantial investments in advanced power infrastructure.
Full Report: https://www.kbvresearch.com/offsite-data-center-power-infrastructure-market/
The North America region dominated the Global Offsite Data Center Power Infrastructure Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $12.4 billion by 2031. The Europe region is anticipated to grow at a CAGR of 16.8% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 17.8% during (2024 - 2031).
By Offering
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By Geography
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