Green Data Center Market Value to Hit USD 35 Bn by 2026, Growing at Over 23%: Global Market Insights, Inc.
The Asia Pacific green data center market will witness high demand over the coming years owing to proliferation and growing adoption of technologies, such as cloud, IoT, and AI, in countries including China, Japan, and Singapore.
SELBYVILLE, Del., November 21, 2019 (Newswire.com) - According to latest report “Green Data Center Market by Component (Solution [Cooling, Networking, Power, Management Software], Service [Installation & Integration, Consulting, Managed]), Application (Colocation, BFSI, Energy, Government, Healthcare, Manufacturing, IT & Telecom), Regional Outlook, Competitive Market Share & Forecast 2026”, by Global Market Insights, Inc., the market size of green data centers will cross $35 billion by 2026. Growth of mega data centers and trend of collocation will drive the market growth over the forecast timespan.
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Some major findings of the green data center market report include:
- The rapid rise of cloud computing and increasing demand for storage spaces will result in rapid growth in the construction of mega data centers. Enterprises including Google and Amazon are implementing hyperscale and mega data centers for storing data in new markets such as India and Mexico.
- In February 2018, Ascendas-Singbridge Group, an office space solutions provider announced to invest USD 1 billion to establish large-scale data centers in India to cater to the requirements of hyper-scale cloud providers.
- Moreover, rising data traffic and the need for efficient systems for managing massive data are encouraging companies to transform their conventional systems with digital & modernized solutions.
- Key players operating in the green data center market are Huawei Technologies Co. Ltd., Vertiv Co., Schneider Electric SE, Hewlett-Packard, Microsoft, Verne Global, and IBM Corporation.
- Players are focusing on developing energy-efficient products and solutions to provide customers better products and sustain in the highly competitive market.
The growing adoption of colocation services among small & medium-sized enterprises is accelerating 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.
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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 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.
Browse key industry insights spread across 250 pages with 227 market data tables and 27 figures & charts from the report, “Green Data Center Market 2019-2026” in detail along with the table of contents @
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Table of Contents (ToC) of the report:
Chapter 3. Green Data Center Market Insights
3.1. Industry segmentation
3.2. Industry landscape, 2015 – 2026
3.2.1. Data center infrastructure industry landscape
3.3. Industry ecosystem analysis
3.3.1. Component suppliers
3.3.2. Manufacturers
3.3.3. Technology providers
3.3.4. Network providers
3.3.5. Service providers
3.3.6. System Integrators
3.3.7. Distribution channel analysis
3.3.8. Vendor matrix
3.4. Technology & innovation landscape
3.4.1. Edge and hyperscale data centers
3.4.2. Software-defined networking (SDN)
3.4.3. Green cloud computing
3.4.4. Computational fluid dynamics applications in green design
3.4.5. Impact of IoT sensing technologies
3.5. Regulatory landscape
3.5.1. North America
3.5.2. Europe
3.5.3. Asia Pacific
3.5.4. Latin America
3.5.5. MEA
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.2. Industry pitfalls & challenges
3.7. Growth potential analysis
3.8. Porter's analysis
3.9. Competitive landscape, 2018
3.9.1. Strategic dashboard
3.9.2. Investment landscape
3.9.3. Key innovations
3.10. PESTEL analysis
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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