LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global green data center market is expected to reach USD 55 billion by 2021, growing at a CAGR of almost 14%.
This research report titled ‘Global Green Data Center Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
The global green data center market is witnessing growth through the construction of data center by cloud service providers (CSPs), colocation service providers, and telecommunication providers globally. Currently, there are many enterprises and CSPs that are involved in colocation spaces rather than constructing their own facilities to address demands immediately. CSPs and ISPs, such as Facebook, are the major contributors to the green data center market, which will continue throughout the forecast period.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Technavio’s ICT research analysts categorize the global green data center market into the following segments by end-user. They are:
- IT infrastructure
- Power solutions
- General construction
- Cooling solutions
- Monitoring and management
The top three end-user segments for the global green data center market are discussed below:
IT infrastructure
Digitalization has enabled several organizations to adopt cloud-based services for their businesses. By 2020, it is expected that 90% of small and medium enterprises will operate their businesses through cloud storage either by colocating their infrastructure or by adopting cloud offerings by the major CSPs in the market.
According to Abhishek Sharma, a lead data center research analyst from Technavio, “The growing amount of data is constantly increasing the complexity of storage systems in data centers and the computational power and network traffic exponentially. The efficient management of data center infrastructure will ensure uninterrupted service for B2B and B2C operations.”
Power solutions
The global green data center market will witness a significant growth in revenue because of the increasing concerns regarding the costs incurred due to increased power consumption and wastage of power in data center operations. There is more focus on reducing the environmental impact of the data center facilities along with power consumption.
“The commonly adopted power management solutions for data centers include UPS systems, energy storage products, such as batteries and flywheels, transfer switches and switchgears, generators, and power distribution units. The generator is the widely adopted solution among data centers worldwide, but the increasing carbon emission due to the use of generators is expected to hinder the adoption of generators,” says Abhishek.
General construction
The general construction market will grow along with the growth in brick-and-motor facility and modular data center construction projects worldwide. Increased power consumption and carbon emission have resulted in the construction of eco-friendly data centers. Most of the data centers are being constructed in remote areas.
The cost of general construction varies based on the tiered design of data centers. Data centers in recent times are designed with on-site wind and solar farms. Many small vendors are also involved in the installation of a solar array on top of the facility. Also, there is an increased focus on reusing water by recycling it for cooling purposes.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Cisco Systems
- Dell
- Hewlett Packard Enterprise
- IBM
- Rittal
- Schneider Electric
- Vertiv
Browse Related Reports:
- Global Application Container Market 2017-2021
- Global Data Center Construction Market 2017-2021
- Global Cloud-enabling Technologies Market 2017-2021
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like enterprise application, IT security, and IT spending. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.
About Technavio
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at media@technavio.com.
