Market Research Report
Green Data Center Market Size By Component, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 - 2026
|Green Data Center Market Size By Component, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 - 2026|
Published: November 14, 2019
Global Market Insights Inc.
Content info: 250 Pages
Delivery time: 2-3 business days
Green Data Center Market Size By Component (Solution [Cooling, Networking, Power, Management Software], Service [Installation & Integration, Consulting, Managed]), By Application (Colocation, BFSI, Energy, Government, Healthcare, Manufacturing, IT & Telecom), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 - 2026.
Green Data Center Market will exceed USD 35 billion by 2026. Growth of mega data centers and trend of collocation will drive the market growth over the forecast timespan.
Some major findings of the green data center market report include:
The growing adoption of colocation services among small & medium-sized enterprises is accelerating the industry growth. These services are being widely adopted by organizations looking to reduce expenses associated with maintaining and construction of data centers. Colocation facilities provide power, cooling, storage, server security, and networking equipment. The need to reduce recurring costs and opex is compelling major companies to opt for a green data center model.
The management software service segment in the green data center market is anticipated to witness high growth in the coming years. These services are important for the efficient functioning of data centers to ensure maximum throughput. The increasing demand for reducing operational costs and providing high-quality IT infrastructure speedily to support new business initiatives has led to the increased adoption of management software. Enterprises are hiring several managed and professional service providers to optimize the IT infrastructure and manage systems and data centers to achieve the desired business objectives and efficiencies.
IT & telecom applications will witness high demand owing to the rising move toward digitization for conducting everyday activities such as payments and shopping. The resultant amount of data generated is a major contributor to the overall market growth. Energy-efficient solutions allow companies to lower power consumption and operating costs. The colocation segment in the green data center market is expected to witness rapid growth over the forecast time.
The Asia Pacific green data center market will witness a high demand over the coming years owing to the proliferation and the growing adoption of technologies, such as cloud, IoT, and AI, in countries including India, China, Japan, and Singapore. Technologies, such as machine learning and IoT, incorporated in the systems by manufacturing firms will lead to a rise in the amount of data generated, mounting the pressure of constructing sophisticated data center infrastructure. In addition, government initiatives, such as Digital India and Smart Cities, are further boosting the adoption of cloud computing and IoT in India. The rise in the number of manufacturing companies in China and India is fueling industry growth.