Global Green Data Center Market Size, Share, Trends, & Growth Forecast Report – Segmented By Component (Equipment and Programming), Organization Size (SMEs and Large), End-User (Cloud Service Providers and Colocation Providers), Vertical (Medical Care and Life Sciences, Banking, Financial Services, and Insurance, IT & Telecom, Public Area, and others) and Regional - (2024 to 2032)

Updated On: June, 2024
ID: 10810
Pages: 150

Global Green Data Center Market Size (2024 to 2032)

The global green data center market was valued at USD 65.43 billion in 2023. The global market is predicted to reach USD 80.49 billion in 2024 and USD 421.95 billion by 2032, growing at a CAGR of 23.01% during the forecast period.

Green data centers are fundamentally planned to get the most extreme energy proficiency and have a minimum environmental impact. More noteworthy, energy effectiveness is an essential need, as these data centers' capacity utilization and cooling issues are two of the greatest concerns faced by firms across the world. Controlling these types of operational expenses has gotten importance to advance the business processes, and to stay competitive in the market. Power is a critical piece of the green data center ventures. Both low-power solutions and productive solutions help associations, to meet their ideal targets. However, results from recent explores have indicated that the cost of data centres is easing back down, because of the compelling green effectiveness estimates taken up in develop markets of the United States and Europe. With the expanding power utilization, increased billings, and outflows of CO2 from these data centers, the requirement for green data centers is set to in-wrinkle, in this way, driving the business forward.

MARKET DRIVERS

Green data center, which gives successful and eco-accommodating arrangements, regarding data storage and decrease in energy utilization, is supposed to observe extraordinary interest, as a result from the positive outlook of the data center storage needs and new constructions, which has been achieved, because of the guidelines and the foreseen rise deprived to diminish the operational consumption. In addition, because of rise of artificial intelligence, machine learning, big data, and the Internet of Things, the data centers worldwide power utilization will keep on expanding, which is another driving element for green data centers market.

MARKET RESTRAINTS

In spite of the drawn-out reserve funds and ROI, the environmentally friendly power data centers have a significant expense during the initial setup, which is acting as a challenge for this industry globally.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2032

Base Year

2023

Forecast Period

2024 to 2032

CAGR

23.01%

Segments Covered

By Component, Organization Size, End User, Vertical, and Region

 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

  Market Leaders Profiled

Cisco Systems, Oracle, Hewlett-Packard, Dell, IBM, EMC Corp, APC Corp, Huawei Technologies, Fujitsu Corp and Others.

 

SEGMENTAL ANALYSIS

Global Green Data Center Market Analysis By Component

the green data center market is sectioned as equipment (workers, cooling gear, power units, organizing parts) and programming.

Global Green Data Center Market Analysis By Organization Size

 the green data center market is divided as SMEs and large firms.

Global Green Data Center Market Analysis By End-User

the green data market is divided as cloud service providers and colocation providers.

Global Green Data Center Market Analysis By Vertical

the green data market is fragmented as medical care and life sciences, banking, financial services, and insurance, IT &telecom, public area, and others. By area, the market is sectioned into North America, Europe, Asia-Pacific, and the rest of the world.

REGIONAL ANALYSIS

The worldwide market for green data center is assessed to develop at a moderate rate during the conjecture time frame. Among different regions, North America is ruling the green data center market with the biggest share. The presence of vital players and innovation progressions are expected to drive the green data center market in the continent. The expanding number of IoT gadgets additionally powers the market development as persistent data is traded between these gadgets. Also, its presence and media transmission, BFSI, and automation enterprises among others drive the market. The expanded mobile data traffic and storage demand in the recent years has expanded the interest for green data center development in this locale. The area with a tremendous IT framework has supported the smart gadgets market regarding improving variables, for example, making rapid web accessible to the clients. Asia-Pacific has the quickest developing market for the green data centers. financial development in Asian nations, for example, China and India are welcoming worldwide parts in this area which prompts expanded ventures and rapid deployment of data centers. Expanding responsibility for telephones and internet penetration in the continent alongside high use of IoT gadgets is additionally prompting market development.

KEY PLAYERS IN THE GLOBAL GREEN DATA CENTER MARKET

Key market players are Cisco Systems, Oracle, Hewlett-Packard, Dell, IBM, EMC Corp, APC Corp, Huawei Technologies, Fujitsu Corp among others.

RECENT HAPPENINGS IN THE GLOBAL GREEN DATA CENTER MARKET

  • In February 2020, Google declared that that its data centers are twice as energy productive as an average undertaking data center, because of over 10 years’ worth of work burned through on improving their effort use and cooling. It is the world's biggest corporate buyer of sustainable power.

DETAILED SEGMENTATION OF THE GLOBAL GREEN DATA CENTER MARKET INCLUDED IN THIS REPORT

The worldwide market for green data center is fragmented based on component, organization size, end-user, vertical, and region.

By Component                  

  • Equipment              
  • Programming        

By Organization Size                        

  • large          
  • SMEs         

By End-User                       

  • Cloud Service Providers     
  • Colocation Providers        

By Vertical                           

  • Medical Care and Life Sciences       
  • Banking, Financial Services, and Insurance
  • IT & Telecom         
  • Public Area             

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

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Frequently Asked Questions

What are the key challenges hindering the widespread adoption of green data center solutions globally?

The primary challenges include high initial investment costs, legacy infrastructure constraints, lack of skilled workforce, and concerns regarding data security and reliability of renewable energy sources.

What role do renewable energy sources play in powering green data centers globally?

Renewable energy sources such as solar, wind, hydroelectric, and geothermal power are increasingly being integrated into green data center infrastructure to reduce reliance on fossil fuels and mitigate greenhouse gas emissions. Many data centers are aiming for carbon neutrality by procuring renewable energy certificates (RECs) or investing in onsite renewable energy generation.

How do green data centers ensure data security and regulatory compliance while maintaining environmental sustainability?

Green data centers adhere to stringent security standards and regulatory requirements such as ISO 27001, SOC 2, and GDPR to safeguard sensitive data and maintain compliance. They employ advanced cybersecurity measures, data encryption techniques, and robust access controls to mitigate security risks without compromising environmental performance.

What are the future trends expected to shape the evolution of the global green data center market?

Key future trends include the adoption of edge computing solutions, advancements in AI-driven energy management systems, the proliferation of modular and containerized data centers, and the emergence of novel cooling technologies such as immersion cooling and phase-change materials. These trends are poised to drive further innovation and efficiency gains in the green data center ecosystem.

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