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Global Green Data Center Market Report 2023 Analysis And Forecast To 2032 | Major Key Players, Trends, Business Overview, And Competitive Analysis
Green Data Center Market Analysis
The Business Research Company's Green Data Center Global Market Report 2023 identifies growing energy consumption by data centers as the major driver for the Green Data Center market's growth in the forecast period. Due to the rising digitalization and regulation, data centers are growing up all over the world requiring increased electricity to operate. The increasing number of data centers is leading to an increase in energy consumption as more power is required to support various data center functions. As the energy consumption increases, it will increase the cost of operation and cause environmental harm.
The global green data center market size grew from $57.58 billion in 2022 to $68.37 billion in 2023 at a compound annual growth rate (CAGR) of 18.7%. 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 green data center market size is expected to grow to $139.93 billion in 2027 at a CAGR of 19.6%.
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Major competitors in the Green Data Center market are Schneider Electric, Vertiv, Hewlett Packard Enterprise, Green Revolution Cooling, Midas Green Technologies, Delta Electronics, Rittal, Eaton, Cisco, Dell Technologies, Fujitsu, Hitachi, IBM, Huawei Technologies, Siemens.
A key trend in the Green Data Center market includes Cloud services. Cloud services also support the existing infrastructure such as a cloud center or facility. Cloud services in green data centers offer the advantage of cloud experience by reducing complexity and maintaining ownership of the data while managing the workload with its functionality. Key players in the market are focusing on providing or implementing cloud services in their offerings to strengthen their market position.
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The Green Data Center market is segmented -
1) By Components: Solutions, Services
2) By Data Center Size: Small and Medium-Sized Data Centers, Large Data Centers
3) By Verticals: BFSI, IT and Telecom, Media and Entertainment, Healthcare, Government and Defense, Manufacturing, Other Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Green Data Center market.
The Business Research Company's "Global Green Data Center 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 Green Data Center Market Include:
1. Executive Summary
2. Green Data Center market Characteristics
3. Green Data Center market Trends And Strategies
4. Green Data Center Market - Macro Economic Scenario
5. Green Data Center market Size And Growth
……
27. Green Data Center market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Green Data Center market
29. Green Data Center market Future Outlook and Potential Analysis
30. Appendix
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