At 25%+ CAGR, Green Data Center Market to value US$25 Bn by 2024

“The IT & telecom sector in green data center market is anticipated to register more than 28% growth during the forecast period due to rising move toward digitization for conducting everyday activities such as payments, shopping, and more.”
Global Green Data Center Market By End-Use (Colocation, BFSI, Energy, Government, Healthcare, Manufacturing, IT & Telecom), By Component (Solution [Cooling, Networking, Power, Management Software], Service [Installation & Integration, Consulting, Managed]), Industry Analysis Report, Regional Outlook, Regional Outlook, Price Trends, Competitive Market Share & Forecasts to 2024

The segmentation of green data center market by component indicates that the solutions segment dominates in terms of revenue by over 76%. The high growth of the segment is largely attributed to the high demand for management software solutions, which allow the operator to identify the faults in the high-power usage and recommend preventive measures.

The networking solutions in the green data center market will grow substantially with a CAGR of around 27% due to the rising demand for these solutions to minimize the power consumption. The conventional network infrastructure ensures interconnection of physical and network-based equipment and devices within a facility that consumes over 65% of the overall power.

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According to a latest report by Global Market Insights, Inc. “Green Data Center Market is poised to exceed a revenue of more than US$25 billion by 2024, growing at over 25% CAGR.” The high focus of government bodies across the world pushing organizations to reduce their carbon footprint and electricity consumption is driving the demand for the green data center market.

A key factor promoting the growth of the green data center market is that it allows companies to reduce their operational costs by utilizing strategies such as waste recycling, usage of renewable energy sources for cooling and power, and identifying dead or unused networking devices such as servers.

The colocation end-use segment is the largest consumer in the green data center market and has a growth rate of approximately 30%. There is a substantial rise in the number of SMEs, which have inadequate financial funds to host their own infrastructures.

The BFSI sector in the green data center market valued at over USD 900 million in 2017 is witnessing a rapid growth globally with the growing number of financial organizations adopting digitalization.

The IT & telecom sector is anticipated to register more than 28% growth during the forecast period due to rising move toward digitization for conducting everyday activities such as payments, shopping, and more.

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In terms of revenue, U.S. dominated the green data center market in 2017 and is predicted to exceed USD 6 billion by 2024 led by initiatives adopted by various companies to control the environmental impacts and move toward sustainable alternatives are increasing the implementation of these efficient technologies.

The green data center market in Asia Pacific will experience a strong growth of over 30% from 2018 to 2024 owing to the widespread adoption of cloud and IoT technologies in countries such as China, Japan and India. The booming industrial sector in Japan is demanding high performance equipment for mounting volumes of data from connected factories. The rise in the number of smartphone users in China are also demanding data center set ups for data storage.

Rapid industrial boom increases in outsourced IT services, activities, and government support for local manufacturing have led to the rise in SMEs in the South-East Asian regions, primarily among countries including China and India, fueling the green data center market growth.

Players operating in the green data center market comprise Dell Inc., Huawei Technologies Co., Ltd., HCL Technologies Limited, IBM Corporation, Microsoft Corporation, Fujitsu Ltd., Schneider Electric SE, and Hewlett-Packard Enterprise Company.

Buy this industry insights spread across 200 pages with 231 market data tables & 47 figures & charts from the report, “Green Data Center Market Size By Component (Solution [Cooling, Networking, Power, Management Software], Service [Installation & Integration, Consulting, Managed]), By End-Use (Colocation, BFSI, Energy, Government, Healthcare, Manufacturing, IT & Telecom), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Benelux, China, India, Japan, Singapore, Indonesia, Australia, Brazil, Mexico, Argentina, GCC, South Africa), Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:

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Table of Contents (ToC) of the report:

Chapter 4.   Green Data Center Market, By Component

4.1.  Key trends by component

4.2.  Solutions

4.2.1. Market estimates and forecasts, 2013 – 2024

4.2.2. Market estimates and forecasts, by region, 2013 – 2024

4.2.3. Cooling

4.2.3.1.  Market estimates and forecasts, 2013 – 2024

4.2.3.2.  Market estimates and forecasts, by region, 2013 – 2024

4.2.4. Networking

4.2.4.1.  Market estimates and forecasts, 2013 – 2024

4.2.4.2.  Market estimates and forecasts, by region, 2013 – 2024

4.2.5. Power

4.2.5.1.  Market estimates and forecasts, 2013 – 2024

4.2.5.2.  Market estimates and forecasts, by region, 2013 – 2024

4.2.6. Management software

4.2.6.1.  Market estimates and forecasts, 2013 – 2024

4.2.6.2.  Market estimates and forecasts, by region, 2013 – 2024

4.3.  Services

4.3.1. Market estimates and forecasts, 2013 – 2024

4.3.2. Market estimates and forecasts, by region, 2013 – 2024

4.3.3. Installation & Integration

4.3.3.1.  Market estimates and forecasts, 2013 – 2024

4.3.3.2.  Market estimates and forecasts, by region, 2013 – 2024

4.3.4. Consulting

4.3.4.1.  Market estimates and forecasts, 2013 – 2024

4.3.4.2.  Market estimates and forecasts, by region, 2013 – 2024

4.3.5. Managed

4.3.5.1.  Market estimates and forecasts, 2013 – 2024

4.3.5.2.  Market estimates and forecasts, by region, 2013 – 2024

Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/green-data-center-market

 

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