Green Data Center Market 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)| Top Vendors - FUJITSU LTD., CISCO TECHNOLOGY, INC., HP INC., DELL INC., HITACHI LTD., among others

Market Analysis:

North America to Hold the Largest Share
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 is expected to fuel the market growth in this region.

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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. 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. Power Segment is expected to hold a significant share of the market during the forecast period.

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Market Segments:
Green Data Center Market is segmented by:
1. Services: System Integration, Monitoring Services, Professional Services, Others
2. Solutions: Power, Servers, Management Software, Networking Technologies, Cooling, Others
3. Users: Colocation Providers, Cloud Service Providers, Enterprises
4. Industry Verticals: Healthcare, Financial Services, Government, Telecom and IT, Others
5. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

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.

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