The report "Green Data Center Market [Solutions (Server, Networking, Power, Cooling, Management, Green Solutions), Services (Professional, Monitoring, SI), Users (Cloud, Colocation, Enterprises)] - Global Advancements, Worldwide Forecasts & Analysis (2014-2019)" defines and segments the green data center market into various segments with an in-depth analysis and forecasts of revenues. This research report also identifies the factors driving this market, various restraints, challenges, and opportunities impacting it along with the future roadmaps.
Browse more than 86 market data tables with 77 figures spread through 231 pages and in-depth TOC on "Green Data Center Market [Solutions (Server, Networking, Power, Cooling, Management, Green Solutions), Services (Professional, Monitoring, SI), Users (Cloud, Colocation, Enterprises)] - Global Advancements, Worldwide Forecasts & Analysis (2014-2019)".
MarketsandMarkets forecasts the green data center market to grow from $22.76 billion in 2014 to $75.89 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 27.2%. Among regions, APAC is expected to show the highest growth pace but NA is expected to remain the largest market holder in the forecast period.
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Green data center refers to a data storage facility which is constructed using eco-friendly material, involves utilization of renewable energy resources, follows environmental regulations and standardizations, consumes minimal power, and involves efficient operations. In this report, it is defined as a repository for storing, managing, and disseminating data in a manner such that maximum efficiency is achieved with the utilization of minimum energy resources, and also the cost involved is less. In other terms, environment friendly data center is an energy-efficient data center which is similar to the conventional data center except for the fact that this system has less impact on environment and is cost-effective in the long-term. Data centers are one of the major contributors of global carbon emissions and consume a major portion of the world’s electricity. With limited energy resources, continually increasing cost of electricity, and strict budget constraints, organizations are forced to take green initiatives. Green data center cannot be realized using a stand-alone technology; rather, it is achieved by utilizing a combination of various green solutions, services, and technologies.
Unremitting technological advancements, mass availability of communication equipment, and surging demand for data storage are creating an extensive need for the deployment of more data centers all across the world. But, with skyrocketing electricity cost, constraints with data center space, strict monetary budgets of organizations, and pressurizing government regulations are forcing the data center owners and managers to come up with an environment friendly and cost-effective solution for storing their valuable data. Currently, IT contributes to around 10% of the world’s electricity consumption and data centers devour 1.5% of the total world’s consumption. Green data center helps in attaining energy savings of up to 80% and cost savings of more than 40%. These figures are changing the minds of data center managers and owners to step up and adopt green initiatives for their data centers. In summation, data center offers three major benefits including lower cost of energy, operational efficiency, and less environmental impact.
MarketsandMarkets broadly segments the Green Data Center market by solutions: server, networking, power, cooling, management software, and green solutions; by services being offered: system integration, monitoring services, and professional; by industry verticals: Banking & Financial Services and Insurance (BFSI), telecom and IT, healthcare, government and public and other verticals; by type of users: cloud providers, colocation providers, and enterprises; and by regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA).
In the present scenario, data center managers have to tackle with increasing power consumptions, in order to reduce operational cost to the company. With enormous increase in the demand for data centers, power consumption associated with them is also rising, thus creating a critical demand for low power consuming techniques. Also, with harsh environment laws imposed by the government and in order to get economic benefits for being an energy conscious organization, there is an increase in the efficient infrastructure spending.
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