The global data center market is expected to post a CAGR of 10.7% during the period 2012-2016, according to Infiniti Research.
The research firm said in a report that the increasing centralization of computational resources is expected to be a major growth driver for this market.
But rising real estate costs are necessitating high investments, which are hindering the number of data centers being established. This in turn leads to an increase in the prices of data center services.
The report also noted that enterprises across the globe are facing an increasing number of restrictions and regulations that authorities are imposing to reduce the carbon footprint of these facilities.
Modern equipment that delivers high-performance computing services while simultaneously reducing power consumption is therefore increasingly being installed in data centers.
Infiniti Research said that modern data centers cause lower heat emissions, which is another factor leading to the market’s growth.