The Green data center market analyzes the market share and investigates the growth drivers, challenges, and Investment Opportunities. The data center market growth rate is rapidly changing and increasing.
This is the other advantage of interacting with investors in the data center market. Around 25 European and cloud services and various data center operators have signed an agreement to supply renewable and carbon-free energy.
Recent research shows that there might be chances that the green data center market is expected to grow 14% a year through 2032. Various organizations and corporations have implemented green efforts in their daily IT operations to save money.
COVID-19 Impact on Green Data Center
During the COVID-19 pandemic, thousands of industries moved towards digital work. During working, they face many issues. When most people start facing this, they want to adopt the new technology that will not interrupt them while working from home. Because of this, the importance of cloud services is increasing worldwide. Because of this, 81% of the world’s population is subject to full or partial workplace closures.
Hence, the companies like Google, Microsoft, AWS, and others are on the higher edge and gaining popularity in a great way. The green data center has greatly hit the IT sector and digital cloud computing services.
The expansion of virtual work during COVID-19 has led many companies to adopt the hybrid cloud approach. Now, the company will have to build and create a green data center, but this is only possible if they invest a heavy amount for long-lasting work.
Green Data Center Solutions:
We have enlisted the various green data center solutions the market can analyze before investing. Have a look.
- Renewable Energy Sources
- Cooling Facilities
- Energy-efficient Equipment
- Management systems
The green data center market growth predicted long-term savings and improved ROI to get a great final result. If we discuss the cost of constructing the green data center, then its cost is comparatively higher to design than the cost of constructing a typical data center. But despite this, the total cost of ownership in a green data center is lower.
The purpose of saving money for the long-term and gaining higher investment is a major factor in the green data center market. The need for sustainable data centers increased; therefore, companies are looking to make green data centers easy to construct.
In the modern era, if the company will not invest something in a data center, then they would face losses in modern life. If they unplug the data center, they will face major issues like their E-mail will remain unsent, and the important data will be lost. Remotely work is also done.
Emerging Green Data Center Markets
Many ask which green data center will attract investors and how it will grow quickly. For this purpose, we explain this point with the example that the various trends will dominate the EMEA data center investment market for this year and at least a few more. FLAP is still the dominant green data center market.
Still, it faces growing competition from so-called “emerging” or secondary markets in eastern Europe, including Poland and Russia, South-eastern Europe, Bulgaria, Asia, Vietnam, and the Philippines. However, hundreds of green data center market growth within the counties are emerging.
These green data centers’ success depends on their latency instead of bigger rivals. It will also hinge on extra fast and reliable data connections between several provincial cities and can lessen the need to construct plenty of new green data centers to meet the growing data center demand.
To green up the environment or company, the industry will continuously strive. This is the only reason the company can succeed in all aspects. If the investor wants to invest something in the business, it is their foremost duty to study and analyze the growth rate of the green data center.
Successful companies use green data centers because it is the only market that upgrades the new equipment and reduces the carbon footprint by using the latest technologies. With this help, the data center manager analyses the technical issue, risks, and migration.
However, modularity also plays an important role in increasing flexibility and removing inefficiencies. It is a great way to boost and improve the digital economy.
Significant Investments in the Data Center Market
The green data center operator tries their best and makes several efforts to encourage people. To invest something in green data center market growth, we will share the list of investors who share and get amazing benefits.
- One of the most common apps, Facebook, leads to the top amongst the famous data centers. They maintain approximately 19 data center campuses worldwide. The social media giant owns 40 million square feet of real estate, which cost more than $20 billion.
- JPMorgan Chase is the world’s largest financial services company. As per details, they spent approx $2 billion on building new data centers in 2021. Furthermore, they recently uploaded the plans to invest even more.
- Other famous search engines like Microsoft, Amazon, and Google have also gained popularity in the data center growth market. As of 2022, they collectively account for over half of all major data centers.
Report on Green Data Center Market Growth
There is no doubt that the green data center has become famous worldwide. To remove the confusion of people, we have shared the previous year’s report. The size of the green data center market growth started in 2016, and changes will remain there till 2026.
The base year is considered 2019, and the forecast period is 2020–2026. This segment covers the Component, data center size, vertical, and regions. Geographically, they covered the North America, APAC, Europe, Latin America, and MEA countries.
Not only this, but they also cover the following companies named
- Schneider Electric (France),
- Vertiv (US),
- Hewlett Packard Enterprise (US),
- Green Revolution Cooling (US),
- Midas Green Technologies (US),
- Delta Electronics (Taiwan),
- Rittal (Germany),
- Eaton (Ireland),
- Cisco (US),
- Nortek Air Solutions (US),
- Dell Technologies (US),
- Asetek (Denmark),
- Airedale (UK),
- Lenovo (Hong Kong),
- Fujitsu (Japan),
- Cyber Power Systems (US),
- Super Micro (US),
- Tripp Lite (US),
- Inspur (China),
- CDP Energy (US),
- Bxterra Power Technology (US),
- Summer (Spain),
- DCX The Liquid Cooling Company (Poland),
- and Liqit.io (Ukraine)
Green Data Center Market Segments
Based on the components, the Green data center market growth has been segmented into two parts. One is solutions, and the second one is services.
- Design and Consulting
- Installation and Deployment
- Maintenance and Support
- If we talk about size, then the green data center market is available in small, medium, and large size
- the green data center market growth based on vertical, segmented depend on the below-mentioned discipline
- Media and Entertainment
- IT and Telecom
- Government and Defense
- Others (energy, research and academia, and transportation and logistics)
Green Data Center Regions
The majority of countries use green data centers to save their data in a great way. But for better understanding, we have enlisted the name of the following countries and regions where the green data center market growth increasing rapidly. Have a look.
- North America
- Rest of Europe
- KSA (Kingdom of Saudi Arabia)
- United Arab Emirates (UAE)
- South Africa
- Rest of MEA
- Latin America
- Rest of Latin America
- Australia and New Zealand
- Rest of APAC
The green data center is a unique thing. Constructing a green data center to protect your corporation’s data is important. We have enlisted the pros and cons of green data centers. Every county desires to save its organization data securely.
Therefore, we highly recommend you invest some amount in the green data center as it is energy efficient. However, 5G and edge play a vital role in company development. Digital and innovative technologies can offer the best green solutions to different sectors of the economy.
Well-known organizations and enterprises try their best to save operating costs and reduce energy consumption. Once the company invests heavily in a green data center, it will get positive results. This data center is specially designed for the company’s data safety.
So the companies will have to build a green data center to keep their system safe and cool. The success of every company is only through the implementation of the green data center, so we request companies build their own data center to save themselves from any big loss.
Hopefully, the discussion above will prepare your mind to build a green data center with proper planning. The coming future is green. Every corporation must select the green data center as it benefits thousands of enterprises and agencies.
Green data centers have some amazing tools that greatly improve energy efficiency. We try our best to clear the questions that arrived in your mind. If you still have any queries, then feel free to contact us.
You will be satisfied with our discussion and ready to follow it. For more updates regarding the data center, visit our website and learn about data centers.