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What's driving the Green Data Center Market trends? IBM Corporation, Google Inc., Microsoft Corporation, Siemens AG, 3M, Dell Inc., Fujitsu, General Electric, HCL Technologies Limited, Hewlett-Packard, Hitachi, Ltd., Huawei Technologies Co. Ltd.,
Green Data Center Market
Green Data Center Market will exceed USD 35 billion by 2026. Growth of mega data centers and trend of collocation will drive the market growth over the forecast timespan. 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.
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Some major findings of the green data center market report include:
- The rapid rise of cloud computing and increasing demand for storage spaces will result in rapid growth in the construction of mega data centers. Enterprises including Google and Amazon are implementing hyperscale and mega data centers for storing data in new markets such as India and Mexico.
- In February 2018, Ascendas-Singbridge Group, an office space solutions provider announced to invest USD 1 billion to establish large-scale data centers in India to cater to the requirements of hyper-scale cloud providers
- Moreover, rising data traffic and the need for efficient systems for managing massive data are encouraging companies to transform their conventional systems with digital & modernized solutions
- Key players operating in the market are Huawei Technologies Co. Ltd., Vertiv Co., Schneider Electric SE, Hewlett-Packard, Microsoft, Verne Global, and IBM Corporation
- Players are focusing on developing energy-efficient products and solutions to provide customers better products and sustain in the highly competitive market
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.
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.
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.
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Report Content
Chapter 1. Methodology and 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
7.1. Vendor Profiles
7.1.1. 3M
7.1.2. Airedale Air Conditioning
7.1.3. APC by Schneider Electric
7.1.4. Bend Broadband
7.1.5. Colocation America, Inc.
7.1.6. Dell Inc.
7.1.7. Eaton Corporation
7.1.8. EcoDataCenter
7.1.9. Equinix Inc.
7.1.10. Ericsson
7.1.11. Fujitsu
7.1.12. General Electric
7.1.13. Google Inc.
7.1.15. HCL Technologies Limited
7.1.16. Hewlett-Packard
7.1.17. Hitachi, Ltd.
7.1.18. Huawei Technologies Co. Ltd.
7.1.19. IBM Corporation
7.1.20. Microsoft Corporation
7.1.21. Modius Inc.
7.1.22. PCCW Solutions Limited
7.1.23. Siemens AG
7.1.24. Tech Mahindra Limited
7.1.25. Verne Global
7.1.26. Vertiv Co.
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