Global Green Data Center Market exploring future growth and trends by 2026

Global Green Data Center Market exploring future growth and trends by 2026

The green data center market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.

The intensifying need for storage of massive amounts of data along with rising focus on adoption of solutions with low environmental footprint will push green data center market share growth. Several companies have been intending for cost cutting and leasing data center services from reliable partners. A number of companies are forging into the construction of mega green data centers to answer this requirement.

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Small and medium-sized enterprises focus more on cutting down their expenses. Constructing and maintaining a data center is not affordable for every SME as their annual sales turnover is up to $100 million. These companies have been adopting data center services from data center colocation providers to reduce expenses. Green data colocation facilities offer server security, storage, cooling, power, and networking equipment. Need for efficient colocation facility on lease among SMEs and reduce recurring costs will contribute to drive green data center market growth.

A huge amount of data generated has amplified the need for storage spaces. Adoption of cloud computing is also expanding among companies, which will escalate green data center market size. For instance, in February 2018, Ascendas-Singbridge Group announced investment of around $1 billion towards construction of large-scale data centers in India. The move was intended to serve hyper-scale cloud providers. Major industry players, such as Google and Amazon have been investing towards the establishment of mega and hyper-scale data centers in emerging markets, such as Mexico and India.

Rising popularity of online shopping and payments has pushed the IT and telecom sectors towards digitization. Online activities generate massive amounts data that is required to be stored safely and cost-effectively. A number of companies are introducing energy-efficient solutions to decrease power consumption and reduce operating costs. Enterprises are demanding economic solutions to store their data, which is likely to stimulate green data center market outlook.

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Data center industry forecast report estimates that Asia Pacific will come to the light as a major revenue contributor.  Countries such as China, India, Singapore, and Japan have been witnessing high adoption of advanced technologies, including AI, cloud, and IoT. For instance, in India, government initiatives, such as Smart Cities and Digital India have gained hype. These initiatives have fueled the adoption of IoT and cloud computing in the country. Also, the number of manufacturing firms is increasing in India and China, which has promoted the growth of green data center market share in the region. Manufacturing companies are implementing advanced technologies of IoT and machine learning and extended data generation, which will propel the demand for green data centers.

A few of the major participants operating in green data center market are Vertiv Co., Huawei Technologies Co. Ltd., Schneider Electric SE, Microsoft, Hewlett-Packard, IBM Corporation, and Verne Global.

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