Press release
Green Data Center Market By Vendor & Consumer Company Profiles: Huawei Technologies, Google, Siemens, Hewlett-Packard, Microsoft, Fujitsu, Dell, IBM, Green House Data, Airedale Air Conditioning, 3M, Ericsson, Schneider Electric, Eaton
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The networking solutions in the green data center market will grow substantially with a CAGR of around 27% due to the rising demand for these solutions to minimize the power consumption. The conventional network infrastructure ensures interconnection of physical and network-based equipment and devices within a facility that consumes over 65% of the overall power. Moreover, there is a growing trend of virtualized networking environments. Network virtualization is being increasingly implemented by enterprises to reduce costs, improve efficiency, and enhance agility.
World Green Data Center Market is set to grow from its current market value of $5 billion to more than $25 billion by 2024, growing at a CAGR of 25%.
Industry Growth drivers -
• Rapid shift towards renewable power sources in the U.S. and Europe
• Transition to cloud-based solutions in the U.S.
• Increase in organizational data traffic and big data analytics in U.K and
Germany
• Government initiatives to lower PUE in UK and Singapore
• Growth of mega data centers and trend of collocation in China, India,
and Mexico
• Increase in construction of data centers and rise in SME demand in
South-East Asian ountries
• Decline in costs of semiconductor components in Asia Pacific
• Rising electricity prices across Europe
• Growing focus of players to establish data centers in South America due
to abundant resources and high cost benefits
• Rising urbanization in MEA
The colocation end-use segment is the largest consumer in the green data center market and has a growth rate of approximately 30%. There is a substantial rise in the number of SMEs, which have inadequate financial funds to host their own infrastructures. Additionally, the rise of cloud technologies and improvements in broadband speeds are boosting the colocation sector. The adoption of energy-efficient solutions allows these organizations to gain higher control over their spending on the various assets such as HVAC and networking.
The BFSI sector in the green data center market valued at over USD 900 million in 2017 is witnessing a rapid growth globally with the growing number of financial organizations adopting digitalization. Traditional data handling techniques that involved paper documents are being replaced by modern digital technologies for higher efficiency, lower redundancies, and faster computation. This has led to a rise in the demand for highly efficient data center infrastructures that ensure the safe storage of the ever-increasing data.
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The green data center market in Asia Pacific will experience a strong growth of over 30% from 2018 to 2024 owing to the widespread adoption of cloud and IoT technologies in countries such as China and India. The booming industrial sector in Japan is demanding high performance equipment for mounting volumes of data from connected factories. The rise in the number of smartphone users in China are also demanding data center set ups for data storage.
The green data center comprises players such as 3M, Airedale Air Conditioning, APC by Schneider Electric, Bend Broadband, Colocation America, Inc., Dell Inc., Eaton Corporation, EcoDataCenter, Equinix Inc., Ericsson, Fujitsu, General Electric, Google Inc., Green House Data, HCL Technologies Limited, Hewlett-Packard, Hitachi, Ltd., Huawei Technologies Co. Ltd., IBM Corporation, Microsoft Corporation, Modius Inc., PCCW Solutions Limited, Siemens AG, Tech Mahindra Limited, Verne Global, Vertiv Co., Amazon.com, Inc., Apple Inc., AT&T, Inc, Berkshire Hathaway, Citi Group, Facebook, Inc., Google Inc., JPMorgan Chase, NTT Communications Corporation, Oracle Corporation, SAP SE, Telefonica S.A., Unisys, Verizon, adn Wipro Limited.
Browse Full Report: https://www.gminsights.com/industry-analysis/green-data-center-market
The industry is at present in the nascent stage and is poised to grow significantly. This is causing companies to undertake strategies such as product launches and partnership agreements to strengthen their hold in the global green data center market.
Market share calculation in this report is not done based on companies covered in it. The calculation of Green Data Center Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Browse Related Report:
Traffic Sensor Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, Spain, Italy, Russia, Poland, China, India, Japan, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024
https://www.marketwatch.com/press-release/traffic-sensor-market-2018-2024-expected-developments-to-be-observed-worldwide-2018-09-20
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