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- Global Green Data Center Market to Grow at 21.2% During 2023-2028
Global Green Data Center Market to Grow at 21.2% During 2023-2028, Impelled by Shift Toward Eco-Friendly Solutions
September 23, 2020
| Technology & Media
According to the recent report by IMARC Group, titled “Green Data Center Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global green data center market reached a value of US$ 72.6 Billion in 2022. A green data center refers to a data repository, which is constructed in an eco-friendly manner for storing, managing, and distributing data to several organizations. It offers the same features and capabilities like conventional data centers; however, a green data center requires lesser energy, divides workload, and offers advanced storage experience to users. Moreover, it lowers the organizational carbon footprint due to the implementation of energy-efficient power supply systems, high-efficiency HVAC, LED lighting, servers, and routers. A rapid growth in data traffic has led to the demand for green data centers across several industrial verticals.
Global Green Data Center Market Trends:
The construction and operation of green data centers utilize materials with low emissions, along with sustainable landscaping, electric or hybrid cars, waste recycling, and catalytic converters on generator backup. As organizations are seeking solutions to lower their carbon emissions, they are opting for green data centers, thereby providing a thrust to the market growth. Moreover, with data centers of IT organizations saturating in terms of space, power, and cooling, there is a constant need for energy-efficient data centers. Besides this, limited energy resources, strict budget constraints, and the increasing cost of electricity are also compelling organizations to opt for green data centers. Furthermore, industry giants, including Apple, Inc and Google, LLC, have invested in green data centers. This, along with further advancements in technology, is expected to create a positive outlook for the market. On account of these factors, the market is expected to exhibit a CAGR of 21.2% during the forecast period (2023-2028).
Market Summary:
- Based on the component, the market has been categorized into solutions and services. The solutions segment has been further divided into power systems, servers, monitoring and management systems, cooling systems, networking systems, and others. On the other hand, the services segment is segregated into maintenance and support services; training and consulting services; and system integration services.
- On the basis of the data center type, the market has been segmented into cloud service, colocation, managed service, and enterprise data centers.
- Based on the industry vertical, the market has been classified into government, healthcare, BFSI, telecom and IT, and others.
- Region-wise, the market has been categorized into Europe (Italy, Spain, the United Kingdom, Germany, France, Russia, and Others), Asia Pacific (India, South Korea, China, Japan, Australia, Indonesia, and Others), Latin America (Brazil, Mexico, and Others), North America (the United States and Canada), and Middle East and Africa.
- The competitive landscape of the market has been analyzed in the report, with some of the key players being Ericsson Inc., Fujitsu Limited (Furukawa Group), HCL Technologies Limited, Hitachi Ltd, HP Inc., Huawei Technologies Co. Ltd., Cisco Technology Inc., Dell EMC Inc., Eaton Corporation, IBM, Microsoft Corporation, Siemens AG, Vertiv Co., and Schneider Electric SE.
Report Scope:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Component, Data Center Type, Industry Vertical, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Cisco Technology Inc., Dell EMC Inc., Eaton Corporation, Ericsson Inc., Fujitsu Limited (Furukawa Group), HCL Technologies Limited, Hitachi Ltd, HP Inc., Huawei Technologies Co. Ltd., IBM, Microsoft Corporation, Schneider Electric SE, Siemens AG and Vertiv Co. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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