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(IT-NEWSWIRE.COM, July 10, 2024 ) Pune, 09, July 2024: The Global Green Data Center Market was valued at USD 131.4 billion in 2023 and is expected to reach USD 645.65 billion by 2032, with a CAGR of 19.35 %. A green data center is a data management, storage, and distribution repository where computers, lighting, mechanical, and electrical systems are built to minimize environmental impact and maximize energy efficiency. Modern techniques and technologies are used in the design and management of a green data center.
The explosive growth and use of the Internet have greatly increased the energy consumption of data centers. As a result of the resulting environmental effects, increased public awareness, increased energy costs, and legislative measures, companies are implementing green policies. These factors make the development of sustainable data centers important from both an environmental and business perspective. Green data centers are built with energy efficiency in mind and feature advanced cooling systems, efficient power distribution equipment, and optimized server layouts to reduce energy consumption. Many green data centers use renewable energy sources such as solar, wind, and hydropower to reduce dependence on fossil fuels and reduce carbon emissions.
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Green Data Center's Key Competitors include:
IBM Corporation (US)
Cisco Technology Inc. (US)
Equinix (US)
Vertiv (US)
HP Inc. (US)
Dell EMC Inc. (US)
Digital Realty (US)
CyrusOne (US)
Iron Mountain (US)
QTS Data Center (US)
Rittal (Germany), and other major players.
Green Data Center Market Dynamics
Cloud computing has shaped the operations of companies and turned IT from a traditional cost center into a strategic growth engine. Data is the new fuel of today's world, and we need more reliable and efficient data centers to store and process data. Using advanced technologies and methods to reduce energy use and carbon emissions, green data centers provide sustainable solutions to these requirements. Data centers must consume more energy to meet the maintenance needs of their servers, which increases energy consumption. Companies are increasingly investing in green technologies such as wind turbines, solar panels, and advanced cooling systems to power their data centers. The green data market is expanding due to the use of energy management software and smart monitoring tools that further improve sustainability and efficiency.
Colocation data centers offer a different value proposition the freedom to lease space, utilities, and other necessary resources that enable cost-effective expansion and management while hyperscale data centers meet the data needs of businesses by offering scalability and high-speed processing for large volumes. The scalability and flexibility offered by colocation and hyperscale data centers make them an attractive choice for organizations looking to expand their IT infrastructure. Growing awareness of environmental sustainability has led to large investments in green data infrastructure by large companies such as Google and Amazon, as well as location service providers. Government regulations and policies force organizations to adopt green data center solutions aimed at reducing carbon emissions.
Green Data Center Market Regional Insights
North America dominated the Green Data Center Market in 2023 and is expected to continue its dominance over the forecast period. Growth in the cloud services, big data analytics, and mobile broadband markets is expected to coincide with the expansion of the green data center market in North America. Data center sustainability is a common goal of mutual investment companies such as Equinix, Digital Realty, Compass Datacenters, and DataBank, as well as hyper scale companies such as Facebook (Meta), Google, AWS, and Microsoft.
Major tech hubs like California and Texas are leading the adoption of green data centers thanks to state-level regulations and incentives designed to promote renewable energy and sustainability. Canada has also emerged as a key player in the green data center market, with provinces like Quebec taking advantage of abundant hydropower to attract data center investments that prioritize sustainability.
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Green Data Center Market Segment Analysis
By Component
Solutions
Services
Based on the component, the market is segmented into Solutions and Services. Services are expected to dominate the Green Data Center Market during the forecast period. The industry focuses on providing scalable, on-demand services to telecom operators and businesses, enabling efficient management of networks, applications, and services. Cloud services include Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS), essential for modernizing telecom infrastructure and enhancing service delivery. These services offer rapid deployment, scalability, and cost-effectiveness, allowing telecom companies to adapt quickly to market demands. Additionally, value-added offerings such as network analytics, security solutions, and managed services enhance their appeal and competitive edge.
By Data Center Size
Small & Mid-Size
Large
By User
Colocation Providers
Cloud service providers
Enterprises
By Industry Vertical
IT and Telecom
BFSI
Retail
Media and Entertainment
Government and Defense
Others
GLOBAL GREEN DATA CENTER MARKET BY REGION
NORTH AMERICA
USA
Canada
Mexico
EASTERN EUROPE
Russia
Bulgaria
The Czech Republic
Hungary
Poland
Romania
Rest Of Eastern Europe
WESTERN EUROPE
Germany
United Kingdom
France
The Netherlands
Italy
Spain
Rest Of Western Europe
ASIA PACIFIC
China
India
Japan
South Korea
Malaysia
Thailand
Vietnam
The Philippines
Australia
New-Zealand
Rest Of APAC
MIDDLE EAST & AFRICA
Turkey
Bahrain
Kuwait
Saudi Arabia
Qatar
UAE
Israel
South Africa
SOUTH AMERICA
Brazil
Argentina
Rest of South America
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Key questions answered in the Green Data Center Market report are:
Which market segment dominated the global Green Data Center market in 2023?
What are the current global trends in the Green Data Center market?
What future industry applications and trends are emerging in the Green Data Center market?
What growth strategies are companies adopting to expand their presence in the Green Data Center market?
Who are the leading companies in the Green Data Center market, and what are their product portfolios?
What are the primary challenges that the Green Data Center market may face in the future?
Which region had the largest share of the Green Data Center market in 2023?
How is the regulatory environment influencing the Green Data Center market?
Key Offerings:
Market Size, Share, Size & Forecast by Different Segments | 2024−2032
Green Data Center Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Trend Analysis
Pestle Analysis
Porter’s Five Forces Analysis
Industry Value Chain Analysis
Ecosystem
Regulatory Landscape
Price Trend Analysis
Patent Analysis
Technology Evolution
Investment Pockets
Green Data Center Market Segmentation
Competitive Landscape – Profiles of selected key players in a strategic perspective
Competitive landscape – Competitive Benchmarking, Green Data Center Market Share by Manufacturer (2023), Industry BCG Matrix, Heat Map Analysis, Mergers & Acquisitions
Analyst Viewpoint and Conclusion
Introspective Market Research, a prominent Service Industry research firm, has released the following reports:
Data Center Management as a Service Market: Data Center Management as a Service Market Size is Valued at USD 23.34 Billion in 2023, and is Projected to Reach USD 67.53 Billion by 2032, Growing at a CAGR of 14.20% From 2024-2032.
Reservoir Management Market: Global Reservoir Management Market size is expected to grow from USD 3.07 Billion in 2023 to USD 4.82 Billion by 2032, at a CAGR of 5.13% during the forecast period (2024-2032).
About us:
Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.
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Introspective Market Research Pvt Ltd
Akshay Patil
+91-8180096367
sales@introspectivemarketresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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