Int'l : +1-503-894-6022 | Toll Free : +1-800-792-5285 | help@alliedmarketresearch.com
A02150 | Pages: 345 | Charts: 68 | Tables: 244 |
The global green data center market size was valued at USD 49.7 billion in 2021, and is projected to reach USD 303.9 billion by 2031, growing at a CAGR of 20.1% from 2022 to 2031.
Factors such as surge in penetration of high-end cloud computing in enterprise, rise in green data center complexities due to scalability and surge in the expenditure on green data center technology are key factors driving the Green Data Center market growth. However, rise in concerns related to data privacy and growing demand for managed services hamper market growth. Furthermore, rise in adoption of multi-cloud and network upgrade to support 5G technology provide ample growth opportunities for the green data center industry growth.
Green Data Centers can be elaborated as data repositories for systems designed for maximizing energy efficiency and minimizing environmental impact. Green data centers used advanced technologies for data storage, management, and operations on the data. The green data center market is segmented into Component, Industry Vertical and Enterprise Size.
The green data center market is segmented based on component, enterprise size and industry vertical. On the basis of component, the market is bifurcated into solution and services. By solutions, the market is segmented into power systems, monitoring and management system, networking system, cooling system and others. Depending on services, the market is divided into professional services and managed services. Depending on professional services, the market is further classified into training & education, integration & deployment, and support & maintenance. By organization size, it is categorized into large enterprises and SMEs. By industry vertical, the market is fragmented into BFSI, healthcare, retail, manufacturing, IT & telecom, media & entertainment, government & defense, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players in the market are ABB LTD, Cyber Power Systems, Dell Technologies Inc., Delta Electronics, Inc., Digital Realty Trust, Inc., Eaton Corporation, Hewlett-Packard, Huawei Technologies, IBM Corporation, NEC Corporation, Nortek Air Solutions, NTT Corporation, Schneider Electric and ZutaCore. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
By component, the solutions segment dominated growth of the green data center market in 2021, and is expected to maintain its dominance in the upcoming years due to adoption of various green initiative’s solutions such as power systems and cooling system. However, the services segment is expected to witness highest growth rate during the forecast period due to adoption of green data center services among end users as they ensure effective functioning of solutions and platforms throughout the process.
[COMPONENTGRAPH]
North America dominates the green data center industry. Growth of the market in this region is attributed to several factors such as increase in digitalization and adoption of green data center solutions by the various sectors such as manufacturing, BFSI, and governments. Moreover, presence of key players provides ample growth opportunities for market growth. However, Asia-Pacific is expected to witness highest growth rate during the forecast period due to presence of many SMEs and rise in digital infrastructure in the region.
[REGIONGRAPH]
The report focuses on growth prospects, restraints, and analysis of the global green data center market trends. The study provides Porter’s five forces analysis to understand the impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the global green data center market share.
Hyperscale green data center solution is based on the concept of distrusted systems and on-demand provision of IT resources, which is intended for organizations to achieve superior performance across IT infrastructure. Modern green data centers are identical with high-speed computational capabilities such as automation, cloud computing capabilities, data storage at scale, and high-end security, which is expected to offer high scalability in addition to flexibility. Moreover, hyper-scale is based on the concept of distributed systems and on-demand provisions of the IT resources designed to operate a large number of servers simultaneously with high speed.
In addition, industries, such as manufacturing, utility, social media, automotive, and retail, have been employing green data center solutions for the rising security data transfer, which forecasts to offer to enhance scalability across green data centers.
Cloud computing solution has gained high traction across small & medium enterprises and large enterprises, which has led to increase in the adoption of green data center application, as the demand for high-end secure storage solutions is increasing across the globe. For instance, in July 22, 2021, Merlin, a leading entertainment company, announced to invest over $118 billion to develop a 24 MW green data center in Barcelona, Spain. The strategic investment in cloud computing solutions is expected to drive the need for green data center solutions. Further, rise in investment in the green data center is anticipated to act as a prime driver of the market. In addition, the emergence of hybrid cloud technology coupled with state-of-the-art infrastructure is driving the need for reliable private green data center servers. These factors are expected to drive the growth of the global green data center market during the forecast period.
The global green data center market has been significantly impacted by the COVID-19 outbreak. Production and manufacturing facilities across the globe have been shut down, owing to the outbreak of the global health crisis and unavailability of workforce. This has further impacted the global economy, and is causing economic hardship for business and communities, globally. Countries across the globe have suffered major loss in terms business and revenue, owing to lockdown and lack of availability of raw material across the world. Production, BFSI, and manufacturing sectors globally have been heavily impacted by the outbreak of the COVID-19 disease, which, in turn, led to economic downfall, thereby declining the growth of the green data center market in 2021.
COVID-19 has enforced the global green data center industry to make short-term decisions with long-term implications. However, the negative impact caused by COVID-19 on global green data center is expected to continue for a short period. Conversely, by mid-2021, the market is anticipated to witness robust recovery due to extensive demand for consumer electronics. In addition, the ongoing pandemic is expected to escalate the need for high-end cloud computing services, which is expected to drive the need for green data center solution
Key Market Segments
Key Market Players