Green Data Center Market To Witness 25%+ Growth Rate To 2024
SELLBYVILLE, Del., Aug. 17, 2018 /PRNewswire-iReach/ -- The global report says, " Green Data Center Market is predicted to be valued USD 25 billion by 2024." The high focus of government bodies across the world pushing organizations to reduce their carbon footprint and electricity consumption is driving the demand for the green data center market. For instance, the growth of the Chinese digital economy and the rise in conventional data center construction projects in the country have led to the government launching initiatives to enforce the adoption of energy-efficient technologies.
A key factor promoting the growth of the green data center market is that it allows companies to reduce their operational costs by utilizing strategies such as waste recycling, usage of renewable energy sources for cooling and power, and identifying dead or unused networking devices such as servers.
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The segmentation of green data center market by component indicates that the solutions segment dominates in terms of revenue by over 76%. The high growth of the segment is largely attributed to the high demand for management software solutions, which allow the operator to identify the faults in the high-power usage and recommend preventive measures. The software also allows to identify unevenness in cooling and locate servers and devices, which consume energy that is above their required threshold.
The colocation end-use segment is the largest consumer in the green data center market and has a growth rate of approximately 30%. There is a substantial rise in the number of SMEs, which have inadequate financial funds to host their own infrastructures. Additionally, the rise of cloud technologies and improvements in broadband speeds are boosting the colocation sector. The adoption of energy-efficient solutions allows these organizations to gain higher control over their spending on the various assets such as HVAC and networking.
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The green data center market in Asia Pacific will experience a strong growth of over 30% from 2018 to 2024 owing to the widespread adoption of cloud and IoT technologies. Rapid industrial boom increase in outsourced IT services, activities, and government support for local manufacturing have led to the rise in SMEs in the South-East Asian regions, primarily among countries including China and India, fueling the green data center market growth. For instance, Singapore is anticipated to witness a strong growth in the coming years owing to the push from Infocomm Media Development Authority (IMDA) toward the construction of vertical green buildings to house data centers.
The green data center comprises players such as EcoDataCenter, Eaton Corporation, HCL Technologies Limited, Green House Data, Siemens AG, and Verne Global. The industry is at present in the nascent stage and is poised to grow significantly. This is causing companies to undertake strategies such as product launches and partnership agreements to strengthen their hold in the global green data center market.
Buy this industry insights spread across 200 pages with 231 market data tables & 47 figures & charts from the report, "Green Data Center Market Size By Component (Solution [Cooling, Networking, Power, Management Software], Service [Installation & Integration, Consulting, Managed]), By End-Use (Colocation, BFSI, Energy, Government, Healthcare, Manufacturing, IT & Telecom), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Benelux, China, India, Japan, Singapore, Indonesia, Australia, Brazil, Mexico, Argentina, GCC, South Africa), Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024" in detail along with the table of contents:
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Chapter 5. Green Data Center Market, By End-use
5.1. Key trends by end-use
5.2. Colocation
5.2.1. Market estimates and forecasts, 2013 – 2024
5.2.2. Market estimates and forecasts, by region, 2013 – 2024
5.3. BFSI
5.3.1. Market estimates and forecasts, 2013 – 2024
5.3.2. Market estimates and forecasts, by region, 2013 – 2024
5.4. Energy
5.4.1. Market estimates and forecasts, 2013 – 2024
5.4.2. Market estimates and forecasts, by region, 2013 – 2024
5.5. Government
5.5.1. Market estimates and forecasts, 2013 – 2024
5.5.2. Market estimates and forecasts, by region, 2013 – 2024
5.6. Healthcare
5.6.1. Market estimates and forecasts, 2013 – 2024
5.6.2. Market estimates and forecasts, by region, 2013 – 2024
5.7. Manufacturing
5.7.1. Market estimates and forecasts, 2013 – 2024
5.7.2. Market estimates and forecasts, by region, 2013 – 2024
5.8. IT & telecom
5.8.1. Market estimates and forecasts, 2013 – 2024
5.8.2. Market estimates and forecasts, by region, 2013 – 2024
5.9. Others
5.9.1. Market estimates and forecasts, 2013 – 2024
5.9.2. Market estimates and forecasts, by region, 2013 – 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/green-data-center-market
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