Green Data Center Market Companies, Growth Opportunity, Application, Region Analysis Report 2027
Market Research Future published a research report on “Green Data Center Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
The green data center market is growing profusely, mainly due to the ongoing digital transformation across all industries. Digitization is an efficient leap towards embracing automation to reduce production costs and thereby maximize business growth in less time. Data centers are a crucial part of digitization, but the large amount of energy consumed and carbon emissions created by them are becoming paramount concerns worldwide.
In response to the exponential growth of carbon emissions in the environment and climate change, it is imperative for businesses to adopt sustainable practices. Besides, the massive energy footprint of cloud computing enables the data center industry to drive the shift to renewably-powered business. As a result, this is expected to increase the demand for green data centers to power businesses efficiently with reduced power consumption.
Resultantly, the Green Data Center Market is estimated to garner substantial traction worldwide. In this regard, a renowned research firm - Market Research Future (MRFR), asserts that the global green data center market is poised to create a valuation of USD 197.72 BN by 2023, growing at a staggering CAGR of 32.9% throughout the assessment period (2017- 2023).
Governments are increasingly accentuating more sustainable data centers that can employ green energy and circular technology strategies. These efforts are increasing the numbers of green data center constructions worldwide. Conversely, factors such as the lack of awareness for green data center advantages, high initial investments, and incompatibility with the existing data center are expected to hamper the market growth.
Major Players:
Players leading the green data center market include IBM Corporation(US), Hitachi (Japan), China Telecom(China), Dell Corporation(US), Equinix, Inc.(US), Cisco Systems(US), Digital Realty Trust(US), HP Development Company (US), NTT Communications(Japan), Fujitsu (US), Schneider Electric (France), CenturyLink(US), Huawei Technologies Co. Ltd. (China), NEC Corporation of America (US), and ABB Group (Switzerland), among others.
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Global Green Data Center Market - Segments
The report is segmented into five dynamics;
By Components: Hardware (cooling equipment, servers, power units, networking components, others) and Software.
By Organization Size: SMEs and Large Business Enterprises.
By End-User: Cloud Service Providers and Colocation Providers.
By Vertical: Healthcare & Life Sciences, Banking, Financial Services, Insurance, IT & Telecom, Public Sector, and others.
By Regions : Asia Pacific, Americas, Europe, and the Rest-of-the-World.
Global Green Data Center Market - Geographical Analysis
North America dominates the global green data center market. Growing government initiatives accentuating sustainable data centers designed to employ green energy and circular technology strategies is a major factor driving the market demand. The region focuses on solving the issues of the massive energy consumed and carbon footprints generated by data centers.
This, as a result, increases the number of green data centers constructed in the region. Besides, the largest market share attributes to the presence of major technology providers and well-established infrastructure that enables the rapid implementation of advanced technologies. Moreover, increasing investments in green data center developments and rapid advances in technologies positively impact the regional market growth.
Europe stands second in the global green data center market. The market is driven by the augmenting demand for green data centers to ensure minimum impact on the environment.
Major European cloud and data center operators, as well as smaller and national providers, have pledged to become climate neutral by 2030, following The Climate Neutral Data Centre Pact and the Europan Union's announcement of a Green Deal in 2019 to commit the industry to reach carbon neutrality by 2030, making data centers into a circular economy. As a result, this would positively impact the region's green data center market share.
The Asia Pacific green data center market is rapidly emerging as a promising market globally. Major Asian countries, such as India, Japan, and Singapore, have implemented green data center programs to gain the learning that can be used to advance the knowledgebase to build green data centers that can harness the various technologies being developed and then distilled into guidelines for sustainable designs for future facilities.
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