According to the recent report by IMARC Group, titled “Green Data Center Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global green data center market grew at a CAGR of around 18% during 2014-2019. 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.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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 experience strong growth during the forecast period (2020-2025).
Market Summary:
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