Green Data Center Market Size
Rise in the adoption of multi-cloud and network upgrades to support 5G technology provides ample growth opportunities for the green data center industry growth.
PORTLAND, PORTLAND, OR, UNITED STATES, November 2, 2023 /EINPresswire.com/ — As per the report, the global green data center industry generated $49.7 billion in 2021, and is projected to reach $303.9 billion by 2031, growing at a CAGR of 20.1% from 2022 to 2031.
A green data center is a repository for the storage, management and dissemination of data in which the mechanical, lighting, electrical and computer systems are designed to maximize energy efficiency and minimize environmental impact. The construction and operation of a green data center includes advanced technologies and strategies.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/2481
Rise in penetration of high-end cloud computing in companies, surge in need for scalability, and increase in expenditure on green data center technology drive the global green data center market. However, rise in demand for managed services and increase in concerns regarding data privacy hinder the market growth. On the contrary, rise in demand for multi-cloud and network upgrades to support 5G would open new opportunities in the future.
• The Covid-19 outbreak significantly affected the market. Manufacturing and production facilities across the globe were shut during the pandemic. This negatively impacted the global economy and created challenges for businesses and communities.
• Several countries suffered major losses in terms of business and revenue due to lack of raw materials and disruption of the supply chain.
• In addition, the pandemic enforced the industry to make short-term decisions that have long-term implications. Thus, the negative impact on the market is expected to continue for a short period.
For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/2481
By industry vertical, the media and entertainment segment is anticipated is estimated to register the highest CAGR of 24.0% from 2022 to 2031. This is due to increase in storage demand and increase in data traffic in the media & entertainment industry. However, the BFSI segment held the lion’s share in 2021, contributing to more than one-fifth of the global green data center market, due to need for sustainable data management.
By component, the solution segment held the lion’s share in 2021, accounting for nearly three-fifths of the global green data center market, as green data center solutions are effective and environmentally friendly in terms of data storage and energy consumption. However, the services segment is projected to portray the highest CAGR of 21.2% during the forecast period, due to surge in adoption of professional services for integration and deployment of green data center solutions.
By enterprise size, the large enterprises segment dominated the global market in 2021, and is expected to continue this trend during the forecast period as green data center technology offers numerous benefits for large enterprises, boosting growth of the green data center market. Conversely, the small- & medium-sized enterprises segment is expected to grow at the highest CAGR during the forecast period, owing to surge in adoption of green data center services, as it provides effective and efficient energy solution for SMEs.
Buy this Report at: https://www.alliedmarketresearch.com/green-data-center-market/purchase-options
Region wise, the green data center market was dominated by North America in 2021, and is expected to retain its position during the forecast period, owing to its higher expenditure on technological solutions However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to the growth in number of startups and the expanding infrastructure in the region, which is expected to fuel the growth of the green data center industry in the region during the forecast period.
The key players profiled in the green data center market analysis 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.
The report analyzes these key players of the global green data center market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report helps determine the business performance, operating segments, product portfolio, and developments by every market player.
Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/2481
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
Other Trending Report:
1. Data Center Automation Market
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Wi
UK: +44-845-528-1300n Sivers Drive
#205, Portland, OR 97220
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on: LinkedIn Twitter
Allied Market Research
Allied Market Research
email us here
Visit us on social media:
Article originally published on www.einpresswire.com as At a CAGR of 20.1% Green Data Center Market Analysis, Key Drivers and Regional Dynamics to Reach $303.9 Bn by 2031