Are Technological Innovations Impacting UPS Product Demand?
A study demonstrates that downtime can cost about $5,600 per minute
With the growing utilization of cloud computing and cloud-based services, the number and size of data centers worldwide is rapidly increasing. Leading cloud service providers, such as Google, Amazon Web Service (AWS), and Microsoft Azure, have developed a number of large-scale data center projects in recent years and will continue to lead cloud computing innovations in the future.
In addition, the number of social media users is escalating. Statistical data from 2019 reveals that there are currently 3.2 billion active social media users globally, which equals almost 42% of the world population. Websites like Facebook, Instagram, and Pinterest are loaded with visual content, which is further pushing the demand for reliable and efficient cyber storage space.