Press release
With 21.2% CAGR, Green Data Center Market Size to Reach US$ 237.1 Billion by 2023-2028
Green Data Center Market Report 2023
Report Highlights
How big is the green data center market?
The global green data center market size reached US$ 72.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 237.1 Billion by 2028, exhibiting a growth rate (CAGR) of 21.2% during 2023-2028.
What is a green data center?
A green data center refers to an environmentally friendly and energy-efficient facility designed to minimize its carbon footprint and reduce energy consumption. It incorporates various sustainable practices, technologies, and designs to optimize resource utilization and minimize environmental impact. It employs several strategies to achieve its eco-friendly goals, such as energy efficiency. It utilizes advanced cooling techniques, such as liquid cooling, hot/cold aisle containment, and intelligent temperature management systems, to reduce energy consumption for cooling servers and other equipment. It also makes use of energy-efficient hardware, such as low-power processors and solid-state drives, to minimize power consumption. Renewable energy sources are essential in green data centers as it uses solar panels, wind turbines, geothermal systems, or hydroelectric power to generate clean and sustainable energy. Additionally, it often implements energy management systems and smart grids to monitor, control, and optimize power usage across the facility. It also facilitates proper waste management and recycling practices in green data centers, prioritizes responsible disposal of electronic waste (e-waste), and promotes recycling programs for old or obsolete equipment, which helps prevent harmful chemicals and materials from entering landfills and reduces the need for raw material extraction.
Request for a sample copy of this report: https://www.imarcgroup.com/green-data-center-market/requestsample
What are the growth prospects and trends in the green data center industry?
The market is primarily driven by the rising awareness of environmental sustainability and the need to reduce carbon footprints. Companies across various industries are recognizing the importance of adopting eco-friendly practices and are actively seeking data center solutions that align with their sustainability goals. Additionally, green data centers offer significant energy efficiency improvements, using advanced cooling systems, renewable energy sources, and optimized server infrastructure, which ultimately leads to reduced energy consumption and lower greenhouse gas (GHG) emissions, contributing to market growth. Moreover, with the emergence of innovative technologies such as virtualization, efficient power management systems, and intelligent cooling mechanisms to optimize energy usage, by reducing power consumption and operating costs, companies can achieve long-term financial savings, representing another major growth-inducing factor. Along with this, governments are implementing stringent environmental regulations and standards to combat climate change and promote sustainable practices that often require businesses to adopt energy-efficient technologies and reduce their carbon footprint, propelling the market growth. Apart from this, the increasing demand for cloud computing services to meet the growing computing needs of businesses and individuals while minimizing their environmental impact is fueling the growth of the green data center market. Furthermore, green data centers offer the scalability and efficiency required to support cloud computing infrastructure while minimizing energy consumption and enable cloud providers to deliver reliable and sustainable services to their customers, propelling the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component:
Solutions
Power Systems
Servers
Monitoring and Management Systems
Networking Systems
Cooling Systems
Others
Services
System Integration Services
Maintenance and Support Services
Training and Consulting Services
Breakup by Data Center Type:
Colocation Data Centers
Managed Service Data Centers
Cloud Service Data Centers
Enterprise Data Centers
Breakup by Industry Vertical:
Healthcare
BFSI
Government
Telecom and IT
Others
Breakup by Region:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Cisco Technology Inc.
Dell EMC Inc.
Eaton Corporation
Ericsson Inc.
Fujitsu Limited (Furukawa Group)
HCL Technologies Limited
Hitachi Ltd
HP Inc.
Huawei Technologies Co. Ltd.
IBM
Microsoft Corporation
Schneider Electric SE
Siemens AG
Vertiv Co
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=2416&flag=C
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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 With 21.2% CAGR, Green Data Center Market Size to Reach US$ 237.1 Billion by 2023-2028 here
News-ID: 3234067 • Views: …
More Releases from IMARC Group
Cassava Starch Manufacturing Plant Setup Cost 2025: Business Plan, Requirements …
Cassava starch, also known as tapioca starch, is a fine, odorless, white powder extracted from the cassava root. It is valued for its high viscosity, binding properties, and gluten-free nature, making it widely applicable in food processing, pharmaceuticals, textiles, paper, and adhesives. As a natural and cost-effective alternative to corn and wheat starch, cassava starch is gaining popularity worldwide. Its neutral taste and versatility allow it to be used in…
Soy and Milk Protein Ingredients Market Size, Share And Forecast Report 2025-203 …
Soy and Milk Protein Ingredients Market Size and Outlook 2025 to 2033
The global soy and milk protein ingredients market size was valued at USD 14.9 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 25.5 Billion by 2033, exhibiting a growth rate of 6.2% during 2025-2033. Asia Pacific leads the market with significant consumer demand for protein-rich foods, while North America maintains strong positions driven by…
North America Hemp Market Size is Projected To Exhibit Growth Rate 18.7% CAGR Du …
IMARC Group has recently released a new research study titled "North America Hemp Market Report by Product Type (Hemp Seed, Hemp Seed Oil, Hemp Oil, and Others), Application (Food, Beverages, Textiles, Pharmaceuticals, Personal Care Products, and Others), Source (Organic, Conventional), and Country 2025-2033", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
North America Hemp Market Overview
The…
India Edtech Market Size, Share, Growth, Outlook and Analysis Report 2025-2033
The latest report by IMARC Group, titled "India Edtech Market Report by Sector (Preschool, K-12, Higher Education, and Others), Type (Hardware, Software, Content), Deployment Mode (Cloud-based, On-premises), End User (Individual Learners, Institutes, Enterprises), and Region 2025-2033", offers a comprehensive analysis of the India EdTech market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
How Big is the India Edtech Industry?
India EdTech market…
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…
