Data Center Containment Solution Market to Prosper
Long-term growth expected due to COVID-19
The global data center containment solution market is estimated to be valued around $500 million in 2020 and is anticipated to surpass $2 billion by the end of the forecast period of 2020-2030. The COVID-19 pandemic will fuel demand for data center containment solutions in the future, owing to rise in internet usage that has necessitated the need for more data centers. This has resulted in investments from large enterprises and will create significant opportunities for players in the data center containment solution market space.
Moreover, rising demand for big data and analytics from sectors, such as banking, financial services, and insurance (BFSI); telecom; IT; and health care, is expected to boost sales of data center containment solutions. In addition, with growth in the e-commerce industry, small and large retail companies are mobilizing their resources online to provide exceptional service to customers. This will contribute to the growth of the data center containment solution market over the next ten years.