Press release
Green Data Center Market 2024: Global Analysis of Key Players EcoDataCenter, Eaton Corporation, HCL Technologies Limited, Green House Data, Siemens AG, and Verne Global
Green Data Center Market is projected to reach a revenue of over USD 25 billion by 2024. The high focus of government bodies across the world pushing organizations to reduce their carbon footprint and electricity consumption is driving the demand for the green data center market. For instance, the growth of the Chinese digital economy and the rise in conventional data center construction projects in the country have led to the government launching initiatives to enforce the adoption of energy-efficient technologies. Additionally, in 2015, it issued the Guideline for Pilot Projects of Green Data Centers (GPPGDC), which provided organizations with information on ways to lower the average PUE.
Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/1171786/?utm_source=OPN-AN
Green Data Center Market Research Report for the period of 2018-2024 that shows the growth of the market is rising at a 25% CAGR to 2024.
The segmentation of green data center market by component indicates that the solutions segment dominates in terms of revenue by over 76%. The high growth of the segment is largely attributed to the high demand for management software solutions, which allow the operator to identify the faults in the high-power usage and recommend preventive measures. The software also allows to identify unevenness in cooling and locate servers and devices, which consume energy that is above their required threshold.
A key factor promoting the growth of the green data center market is that it allows companies to reduce their operational costs by utilizing strategies such as waste recycling, usage of renewable energy sources for cooling and power, and identifying dead or unused networking devices such as servers. In 2017, conventional U.S. data centers were reported to consume over 90 billion kilowatt-hours of electricity and are anticipated to increase to over 140 billion kilowatt-hours, costing businesses over USD 13 billion annually in electricity bills. In such a case, high costs can reduce the overall profits generated by the company. The replacement of conventional equipment can provide over 20% savings annually to consumers, boosting the green data center market growth.
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.
Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/1171786/
The green data center comprises players such as EcoDataCenter, Eaton Corporation, HCL Technologies Limited, Green House Data, Siemens AG, and Verne Global. 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.
Rapid industrial boom increase in outsourced IT services, activities, and government support for local manufacturing have led to the rise in SMEs in the South-East Asian regions, primarily among countries including China and India, fueling the green data center market growth. For instance, Singapore is anticipated to witness a strong growth in the coming years owing to the push from Infocomm Media Development Authority (IMDA) toward the construction of vertical green buildings to house data centers. In light of this, the government agency has entered into a partnership agreement with Keppel Data Centres and Huawei International to explore and understand the technical feasibilities of such structures, generating a demand for the green data center market.
Table of Content:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Green Data Center Industry Insights
Chapter 4. Green Data Center Market, By Component
Chapter 5. Green Data Center Market, By End-use
Chapter 6. Green Data Center Market, by region
Chapter 7. Company Profiles
For More Report At: http://www.openpr.com/news/archive/144590/marketstudyreport-com.html
Related Report:
Data Center Infrastructure Market Growth Potential, Competitive Market Share & Forecast, 2018 – 2024
Data Center Infrastructure market is expected to exceed USD 90 billion by 2024. The growth can be attributed to the rising trend of cloud computing and virtualization. The rise in the demand for cloud storage has resulted in a global increase in the number of data centers.
https://www.marketstudyreport.com/reports/data-center-infrastructure-market/?utm_source=RR-AN
About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Contact Us:
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Green Data Center Market 2024: Global Analysis of Key Players EcoDataCenter, Eaton Corporation, HCL Technologies Limited, Green House Data, Siemens AG, and Verne Global here
News-ID: 1464062 • Views: …
More Releases from marketstudyreport.com
Load Bank Market Growth Prospectus by 2028 - Business Opportunities by ASCO Powe …
A concise assortment of data on the 'Load Bank Market' offers an exhaustive study targeting current market trends influencing the business across assorted regions. Significant details related to market size, market share, applications, and statistics are put together to convey an ensemble prediction of the industry. The research further focuses on comprehensive competitor analysis in addition to highlighting growth strategies embraced by market leaders.
Load Bank Market Size was estimated…
Agriculture Equipment Market is Expected to Reach USD 161640 Million by 2028 - J …
Global Agriculture Equipment Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of the market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
Global Agriculture Equipment Market Size was estimated at USD 114110 million in 2021 and is projected to reach USD 161640 million by 2028, exhibiting a CAGR of…
Electric Vehicle Market Size to grow at a CAGR of 23.5% through 2028| Tesla Inc. …
Global Electric Vehicle Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
The electric vehicles (EVs) market is estimated to witness a robust growth rate of 23.5% during the period 2019-2028.
The operation is done to stop ligament tears and…
Fuel Cell Air Compressor Market is Expected to Reach USD 512.3 Million by 2028 - …
Global Fuel Cell Air Compressor Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
Global Fuel Cell Air Compressor Market Size was estimated at USD 215.1 million in 2021 and is projected to reach USD 512.3 million by 2028, exhibiting…
More Releases for Data
Data Catalog Market: Serving Data Consumers
Data Catalog Market size was valued at US$ 801.10 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 23.2% from 2023 to 2029, reaching nearly US$ 3451.16 Mn.
Data Catalog Market Report Scope and Research Methodology
The Data Catalog Market is poised to reach a valuation of US$ 3451.16 million by 2029. A data catalog serves as an organized inventory of an organization's data assets, leveraging…
Big Data Security: Increasing Data Volume and Data Velocity
Big data security is a term used to describe the security of data that is too large or complex to be managed using traditional security methods. Big data security is a growing concern for organizations as the amount of data generated continues to increase. There are a number of challenges associated with securing big data, including the need to store and process data in a secure manner, the need to…
HOW TO TRANSFORM BIG DATA TO SMART DATA USING DATA ENGINEERING?
We are at the cross-roads of a universe that is composed of actors, entities and use-cases; along with the associated data relationships across zillions of business scenarios. Organizations must derive the most out of data, and modern AI platforms can help businesses in this direction. These help ideally turn Big Data into plug-and-play pieces of information that are being widely known as Smart Data.
Specialized components backed up by AI and…
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption…
Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY…
Long Term Data Retention Solutions Market - The Increasing Demand For Big Data W …
Data retention is a technique to store the database of the organization for the future. An organization may retain data for several different reasons. One of the reasons is to act in accordance with state and federal regulations, i.e. information that may be considered old or irrelevant for internal use may need to be retained to comply with the laws of a particular jurisdiction or industry. Another reason is to…
