Green Data Center Market Ready to Grow CAGR of 22.74% by 2023 | Prominent Key Players are FUJITSU, CISCO TECHNOLOGY, HP, DELL and HITACHI

Industry Highlights:
The global green data center market was valued at USD 35.23 billion in 2017, and is expected to reach a value of USD 120.48 billion by 2023 at a CAGR of 22.74%, during the forecast period (2018-2023). The market is segmented by type of offering, applications, end-user vertical, and geography. This report focuses on adoption of these solutions for various applications various regions. The study also emphasizes on latest trends, industry activities, and vendor market activities.

Detailed Sample Copy of Updated Analysis @ https://marketprognosis.com/sample-request/16383
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

Organizations are being challenged about their data center strategies, adding energy efficiency to the list of critical operating parameters, which include reliability, performance, and Serviceability. Green initiatives are being taken by the companies, which help them reach cooling capacity and recapture resiliency, which helps them meet the business needs, as well as reduce the total cost of ownership. Transition to a green data center is considered to be a complex undertaking, though it can optimize operating efficiency, and reduce energy costs. Traditionally, data center building has been a secure and robust envelope that minimizes environmental risks to reliable operations. Green data center unites all the requirements of a data center viz. high performance and cloud service deployment maintaining efficiency, which is the main focus of green data centers.

Data Center Space and Storage Constraints are Driving the Adoption of Green Data Centers
The need to increase storage capacity has become an opportunity for every major enterprise, as there is a continuous rise in number of data hungry customers and applications. With optimism around cloud and the explosion of big data, it should come as no surprise that senior management in enterprises are always looking for new places, where massive amounts of data can be stored and utilized with efficiency and security. While large financial institutions, telecom providers and e-commerce giants are building in-house data centers for meeting their data storage needs, pure-play data center hosting providers are catering to the demand from small and midsize businesses (SMB). The technology has disruptively changed the overall scenario of data centers.

Key Developments in the Market
February 2018 - Google announced of a combined investment of USD 6 billion in data centers and energy infrastructure, following Apple’s USD 10 billion data center push unveiled last month. These data centres are expected to make use of green energy concepts
February 2018: The MoonLite Project, which is expected to take off by March 2018, will operate several industrial scale data centers in the Crypto-Currency Mining industry, and plans to begin by mining predominantly Bitcoin, DASH, Litecoin, and Ethereum using 100% sustainable, green energy

The major players include –
FUJITSU LTD., CISCO TECHNOLOGY, INC., HP INC., DELL INC., and HITACHI LTD., among others.

Request Discount on this repots @ https://marketprognosis.com/discount-request/16383
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

Power Segment is to Hold a Significant Share of the Market
Green data centers are designed for maximum energy efficiency and minimum environmental impact. Greater energy efficiency is necessary, as data center power and cooling are two of the biggest issues faced by organizations. Controlling these costs become necessary to optimize business processes and to remain competitive. Power is a significant part of green data center investments. Both low-power solutions and efficient ones help organizations in meeting the objectives. Global data centers accounted for 1.3% of the world's electrical consumption in 2010. This figure was higher in U.S., which accounted for 2% in the same year. Data center energy costs have exceeded overall investments in equipment rooms and auxiliary devices. However, results from recent research have shown that this trend is slowing down due to effective green efficiency measures in mature markets of US and Europe.

North America to Hold the Largest Share in 2018
North America held the largest market share in 2017, and Asia Pacific region is expected to register highest CAGR during the forecast period 2018-2023.
The United States holds the largest share of the market due to the presence of large number of services and software providers, whereas presence of large number of SME’s and increasing technological penetration in Asia Pacific region especially in countries, like China, India, Vietnam is expected to fuel the market growth in this region.

Enquiry Before Buying @ https://marketprognosis.com/enquiry/16383
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:
ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

This release was published on openPR.