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The Booming Carbon Neutral Data Industry: A Comprehensive Analysis of Market Dynamics, Key Industry Insights and Emerging Trends In The Forecast Period 2023-2032 || 3M Company, ABB Ltd., Alibaba Group Holding Limited, Alphabet Inc
Carbon Neutral Data Market
The Business Research Company's Carbon Neutral Data Global Market Report 2023 identifies the rising emphasis on renewable energy as the major driver for the carbon neutral data market's growth in the forecast period. The use of renewable energy is increasing because it reduces pollutants and greenhouse gas emissions. The carbon-neutral data centers focus on creating net zero carbon emission, which requires the use of renewable energy sources. For instance, according to a report by the International Energy Agency, a France-based autonomous intergovernmental organization, in 2020, the utilization of renewable energy rose by 3%. In addition, the proportion of renewable energy in the world's power generation increased from 27% in 2019 to 29% in 2020.
The global carbon-neutral data center market size is expected to grow from $6.08 billion in 2022 to $7.51 billion in 2023 at a compound annual growth rate (CAGR) of 23.53%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The carbon-neutral data center market size is expected to reach $17.02 billion in 2027 at a CAGR of 22.71%.
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Major competitors in the carbon neutral data center market are 3M Company, ABB Ltd., Alibaba Group Holding Limited, Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Dell Inc., Digital Realty Trust Inc., Eaton Corporation PLC.
A key trend in the carbon neutral data market includes product innovations. Major companies operating in carbon-neutral data centers are indulging in introducing innovative products to curb carbon emissions and increase the efficiency of data center operations. For instance, in March 2022, Amazon Web Services Inc. (AWS), a US-based provider of on-demand cloud computing platforms, launched a customer carbon footprint tool. This new technology platform enables users to calculate the environmental impact of their AWS workloads.
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The Carbon Neutral Data market is segmented -
• By Data Center Type: Hyperscale Data Centers, Enterprise Data Centers, Colocation Data Centers, Other Data Center Types
• By Solution: Hardware, Software and Platform, Support Service
• By Industry: IT and Telecom, Banking, Financial Services, and Insurance (BFSI), Government or Public Sector, Healthcare, Manufacturing, Retail, Other Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the carbon neutral data market
The Business Research Company's "Global Carbon Neutral Data Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Carbon Neutral Data Market Include:
1. Executive Summary
2. Carbon Neutral Data Market Characteristics
3. Carbon Neutral Data Market Trends And Strategies
4. Carbon Neutral Data Market - Macro Economic Scenario
5. Carbon Neutral Data Market Size And Growth
……………
27. Carbon Neutral Data Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Carbon Neutral Data Market
29. Carbon Neutral Data Market Future Outlook And Potential Analysis
30. Appendix
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