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A dedicated space inside a building used to house different devices of computer systems and components associated with it such as storage systems and telecommunications is known as a data center. A single facility that contains more than 15,000 servers and is spread across a large area is known as a mega data center. The power of these data centers can range from 10 megawatts(MW)up to 100MW. The demand for mega data centers is increasing because of their functions such as ability to transfer a large amount of data, high computing capacity, storage capacity, and bandwidth. Additionally, it is cost-effective, more reliable and secure, highly scalable and also has less effect on the environment. A data center provides services such as storage, management, backup, and recovery of data. Additionally, it provides power for online gaming communities, transactions for high volume and also supports advanced technology such as big data, artificial intelligence, and machine learning. Because of these reasons, many businesses and governments have started maintaining their own data centers or accessing a third party such as Amazon, and Google using cloud based storage or even renting their server.
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As advances in technology are increasing so is the need for data and power. For many organizations, data centers act as the powerhouse. A typical data center provides better security than any traditional method. As the data generation and their traffic are increased, the need for data storage is also increasing. Therefore, many companies and governments have started maintaining and building their own data centers not only at one location but several different locations. This is one of the factors that is driving the market growth of mega data centers. Additionally, organizations can avail local benefits such as tax concession, low energy prices, availability of other energy alternatives by building and maintaining data centers to maximize their profits. Furthermore, with help of mega data centers organizations can access large amounts of internet and industrial internet data at high speed and bandwidth. Moreover, mega data centers provide organizations with advantages such as high storage volume, high computing abilities and assist organizations with their large-scale data transmission processes. These factors are driving the mega data center market growth. However, the initial investment cost for implementing mega data centers and the low availability of resources are some of the factors that can restrain the mega data center market growth. However, not only the IT industries are using data centers but other sectors are also using data centers. For instance, the largest amount of data generated nowadays is in the banking and finance sectors. The banking industry uses data to not only store and manage customers' records but also for remote banking services such as online banking, self-inquiry. Additionally, it is also building private cloud systems for storage, networks, and server capacity to support ATMs and online transactions. Therefore, many banks have started adopting and investing in their own data centers.
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