Green Data Center Market Size To Reach USD 135320 Million By 2027 At A CAGR of 18.4% - Valuates Reports

Green Data Center Market Size To Reach USD 135320 Million By 2027 At A CAGR of 18.4% - Valuates Reports

PR Newswire

BANGALORE, India, Nov. 17, 2021

BANGALORE, India, Nov. 17, 2021 /PRNewswire/ -- Green Data Center Market is segmented By Type - Solutions (Server, Networking), Services (Professional, Monitoring, SI), By Application - Communication, Bank, Government, Other. Global Opportunity Analysis and Industry Forecast 2021 - 2027. It is published in Valuates Reports under the  Software Category.

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The global Green Data Center market size is projected to reach USD 135320 million by 2027, from USD 40230 million in 2020, at a CAGR of 18.4% during 2021-2027.

Major factors driving the growth of the green data center market are:

Increasing electricity usage, strict environmental regulations, increased demand for data storage management, and growing energy costs are all likely to propel the green data center market forward.

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TRENDS INFLUENCING THE GROWTH OF THE GREEN DATA CENTER MARKET

Green data center market growth is expected to grow due to benefits such as long-term savings and ROI provided by green data centers. The demand for green data centers is expected to grow as electricity usage, billings, and CO2 emissions from these facilities rise. Green data center solutions typically include power from renewable energy resources, cooling infrastructure, energy-efficient equipment, and management systems.

Global organizations are shifting to the green data center as a part of their eco-friendly business goals. The green data centers reduce energy consumption and exert less impact on the environment as compared to the traditional ones. Furthermore, in a typical data center, particular storage space is allocated based on the needs of the organization. As demand grows over time, the data center automatically assigns additional space. This procedure results in server space being unused. These servers consume power and other resources, they do so at a higher cost. These servers can be turned off in green data centers, which decreases energy consumption and costs. Such features are expected to further increase the adoption of green data centers thereby propelling the green data center market growth.

The widespread transfer of company data and IT services to the cloud has increased the demand for more environmentally friendly data centers. As more firms shift their corporate IT infrastructures to the cloud either partially or entirely, data center operators must adhere to efficient design and operating standards. This in turn is expected to drive the growth of the green data centers market.

There is growing pressure from environmentalists and government incentives such as monetary support for the creation and maintenance of ecologically responsible technologies is expected to drive the growth of the green data center market.

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GREEN DATA CENTER MARKET MARKET SHARE ANALYSIS

Based on region, the North American region is expected to be the most lucrative. This dominance is attributed to the presence of a large number of services and software providers.

Based on type, the information technology segment is expected to be the most lucrative. 

Based on application, the BFSI segment is expected to be the most lucrative. All BFSI institutions and businesses must rely on highly secure data transfers and storage. This industry is highly regulated and has significant client demand. Because a large volume of secure data must be kept and retrieved, efficient data centers are in high demand.

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Green Data Center Market By Region

Green Data Center Market By Company

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SIMILAR REPORTS :

-  The global Data Center Accelerator market size is projected to reach USD 69440 million by 2027, from USD 6960.5 million in 2020, at a CAGR of 38.7% during 2021-2027.

-  The global Data Center Colocation market size is projected to reach USD 58140 million by 2027, from USD 33110 million in 2020, at a CAGR of 8.3% during 2021-2027.

-  The global modular data center market size was valued at USD 14,952 million in 2019, and is projected to reach USD 59,971 million by 2027, registering a CAGR of 18.7% from 2020 to 2027.

-  The global Data Center Virtualization market size is projected to reach USD 8403.8 million by 2027, from USD 6138.8 million in 2020, at a CAGR of 4.5% during 2021-2027.

-  The global Data Center Liquid Cooling market size is projected to reach USD 3962.6 million by 2027, from USD 1319.3 million in 2020, at a CAGR of 16.5% during 2021-2027.

-  The global Data Fabric market size is projected to reach USD 1870 million by 2026, from USD 695 million in 2019, at a CAGR of 15.1% during 2021-2026.

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