The Global Green Data Center market is expected to grow from $24.42 billion in 2015 to $95.66 billion by the end of 2020 at a CAGR of 26.44%. This is being driven by the exceptional rise in the demand for data storage space and government regulations enforcing eco-friendly solutions.
Data Centers are commonly run by large companies or government agencies. However, they are also increasingly being used to provide a fast growing cloud solution service for private and business applications. Creating a green Data Center can be a multifaceted undertaking but there are many solutions and techniques present to hold up the transition. A green initiative can help recover power and cooling capacity and reduce energy costs. The transition helps to achieve maximum efficiency with the use of minimum energy resources.
Adopting green energy is the new trend. The benefits offered by green Data Centers such as lower cost of energy, operational efficiency and a reduced amount of environmental impact are fueling the growth of the market. Faced with growing focus on greenhouse gas emissions, governments and businesses equally are now focusing more attention than ever on the need to improve energy efficiency.
In addition, the Data Center also has a large amount of equipment associated with supplying power and cooling, and often automatic fire extinguishing systems. This requires a significant amount of power which makes it a very critical factor of the expenses incurred in running a Data Center. The Data Center industry uses 2% of all electricity generated worldwide and Data Centers inject 259 million metric tons of carbon into the atmosphere. The cost of power is unpredictably rising, accounting for 20% to 60% of operating expenses over the life of a Data Center.
The growing demand for data storage has made necessary to expand the capacities of existing Data Centers. This unprecedented increase coupled with the concerns of power consumption is driving the companies to adopt greener and eco-friendly measures leading to innovation in this market. With applications becoming increasingly dependent on the cloud hosted by these Data Centers, its reliability and uptime are crucial. This is driving the market towards replacing the traditional Data Centers by green data centers owing to high power consumption.
Technological innovations coupled with new developments in design are enabling Data Centers to cut down on emissions and reduce power consumption by almost 80%. This figure is significant leading to enterprises invest in the relatively expensive greener technologies and infrastructure to reap considerably higher rewards in the future.
The Global Green Data Center Market has been segmented on the basis of Solutions (Power, Servers, Software, Networking Technologies, and Others), Users (Colocation Providers, Cloud Service Providers, and Enterprises), Industry Sector (Healthcare, Financial Services, Government, Communication, and Others), and Geography (North America, Europe, Asia Pacific, and Rest of the World).
This report describes a detailed study of the Porter’s five forces analysis of the market. All the five major factors have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies, geographical footprint, and competition analysis. The report also considers key trends that will impact the industry and profiles of leading suppliers of Green Data Center Market. Some of the top companies mentioned in the report are Dell, Eaton, HP, Fujitsu, Cisco, Hitachi, Schneider Electric, IBM Eaton, Emerson, and among others.