Datacenter UPS market to be worth $5.67 Billion

The global data center UPS market size is anticipated to reach USD 5.67 billion by 2020, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.3% during the forecast period. Increasing adoption of cloud computing services and soaring need for uninterrupted power to ensure efficient operations in banks, financial institutions, and businesses are expected to propel the data center uninterruptible power supply market.Demand for UPS systems is witnessing considerable increase as a result of growing adoption of cloud servers. Manufacturers are more focused on developing systems with lower ownership cost, greater efficiency, and are also increasingly investing in developing reliable technology in order to fulfill surging demand for cloud computing.

Several organizations are prioritizing UPS installations to prevent losses occurring due to power outages, especially in developing and underdeveloped economies where there are frequent power outages. Utility power fluctuates widely enough to aid during malfunction of IT equipment.

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