Market Synopsis:
The data center operators are leveraging renewable energy sources for the reduction in power consumption to support the environmental goals of the governments. It is expected to develop applications across different industry verticals with the development of the IT industry. Market Research Future (MRFR)’s analysis unravels that the global green data center market is set to witness 32.9% CAGR across the review period 2018 to 2023. The revenue of the market is estimated to reach USD 197.72 Bn by 2023.
Increasing use of green sources of energy for cloud computing is expected to enhance energy efficiency while minimizing carbon emissions. This, in turn, is anticipated to encourage the governments to support the deployment of the product on the global front in the nearby future. However, high initial cost, coupled with incompatibility of existing data centers is likely to impede the growth of the green data center market during the evaluation period.
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Market Segmentation:
The segmental analysis of the global data center market, based on component, covers the following segments and sub-segments – hardware (servers, power units, cooling equipment, networking components) and software.
SMEs and large business enterprises are the two key segments of the green data center market based on the organization size.
The end user segments of the global green data center market are colocation service providers and cloud providers.
The segments of the green data center market, on the basis of industry verticals, are banking financial services & insurance, healthcare & life sciences, public sector, IT &telecom, and others.
Competitive Dashboard:
The key vendors of the global green data center market assessed in this MRFR study are IBM Corporation(US) Cisco Systems(US), Dell Corporation(US), Hitachi (Japan), Fujitsu (US), Schneider Electric (France), HP Development Company (US), Huawei Technologies Co. Ltd. (China), NEC Corporation of America (US), and ABB Group (Switzerland). Apart from these players. Some of the other players that are anticipated to contribute considerable amounts of revenue to the market are China Telecom (China), Digital Realty Trust (US), Equinix, Inc. (US), NTT Communications (Japan), and CenturyLink (US). The competitive landscape of the green data center market is anticipated to attract investments and new players over the next couple of years.
Regional Analysis:
The regional assessment of the global Green Data Center Market has been included in this report on both regional and country-level basis. Regional segments of the market covered in this analysis are – North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). North America is the most significant region of the global market. Key players in the region have facilitated the adoption of advanced technologies. This, in turn, is projected to support the stand of the regional green data center market in the forefront position through the assessment period. In addition, the rising deployment of connected devices is also anticipated to boost market growth in the years to come.
Europe is likely to invest in green data centers in the upcoming years. The focus led by the governments in the region towards increasing green footprints is poised to motivate the growth trajectory of the market. Asia Pacific is prognosticated to exhibit a lucrative future trajectory. The economic development of the region is assessed to attract investments from global leaders over the next few years. This, in turn, is expected to influence the green data center market positively.
Latest Industry News:
In September 2019, DigiPlex, the owner of Norway’s largest data center operator and owner, has initiated a venture on two new green data centers near Oslo.
In September 2019, Green Datacenter AG, Switzerland, has announced the opening of its new facility in new Zurich West 3. A sum of USD 70.3 Mn has been invested in the new construction project.
LIST OF TABLES
Table1 Global Green Data Center Market, By Country, 2019-2023
Table2 North America: Green Data Center Market, By Country, 2019–2023
Table3 Europe: Green Data Center Market, By Country, 2019–2023
Table4 Asia-Pacific: Green Data Center Market, By Country, 2019–2023
Table5 Latin America: Green Data Center Market, By Country, 2019–2023
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LIST OF FIGURES
Figure 1 Global Green Data Center Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis Of Global Green Data Center Market
Figure 4 Value Chain Of Global Green Data Center Market
Figure 5 Share Of Green Data Center Market In 2019, By Country (In %)
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