Title: Green Data Center Market to cross USD 25 billon by 2024
1Global Green Data Center Market to hit 25bn by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2Key Insights from Green Data Center Market
- Green Data Center Market was estimated at over
USD 5 billion in 2017 and is set to exceed USD 25
billion by 2024 according to a new research
report by Global Market Insights, Inc. The rapid
growth in the number of SMEs globally has led to
an exponential rise in the amount of data
generated. The mounting pressure for efficient
management for the increasing amount of data will
contribute to the green data center market
growth. Several government organizations are
encouraging the growth of new businesses. - The government push is largely concentrated in
Asia Pacific countries through the launch of Made
in China 2025 and Make in India which are
providing tax incentives, financial aid, and
technical support to local SMEs, fueling the
industrial growth. The growing data center
complexities with the rising amount of data
generated has stressed the requirement for a
reliable and scalable data center infrastructure.
Driven by surging cloud applications, the
fast-growing data center traffic will support the
market growth.
3Continued...
- The growing focus on energy efficiency has made
the data center industry a frontrunner in
implementing energy-efficient solutions. The
energy consumption of data centers has been
rapidly increasing with the advent of cloud
computing services and is causing an increase in
CO2 emissions. There is a high focus on the need
for lowering the Power Usage Effectiveness (PUE)
amongst companies, primarily amongst major
players such as Allied Controls, Facebook, and
Google. Stringent government regulations
pertaining to energy-efficiency in data centers
will contribute to the green data center market
size. Green initiatives can help a company to
regain the power and cooling capacity and
recapture resilience while reducing the energy
costs. - Cyber security threats are a key factor
restraining the green data center market growth.
Financial organizations and businesses store
critical and confidential data in data centers.
Stringent government regulations such as European
General Data Protection Regulation (GDPR) are
imposing rules pertaining to the safety of
information in data centers. The providers must
comply with the strict standards and regulations
operating in the market. Additionally, the
technologies cost significantly higher than the
traditional systems.
4Germany green data center market size, by
solution, 2017 2024 (USD Million)
5 Browse Full Market Research Report On Green
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6Continued...
- The networking solutions in the green data center
market will grow substantially with a CAGR of
around 27 due to the rising demand for these
solutions to minimize the power consumption. The
conventional network infrastructure ensures
interconnection of physical and network-based
equipment and devices within a facility that
consumes over 65 of the overall power. Moreover,
there is a growing trend of virtualized
networking environments. Network virtualization
is being increasingly implemented by enterprises
to reduce costs, improve efficiency, and enhance
agility. - The BFSI sector in the green data center market
valued at over USD 900 million in 2017 is
witnessing a rapid growth globally with the
growing number of financial organizations
adopting digitalization. Traditional data
handling techniques that involved paper documents
are being replaced by modern digital technologies
for higher efficiency, lower redundancies, and
faster computation. This has led to a rise in the
demand for highly efficient data center
infrastructures that ensure the safe storage of
the ever-increasing data. The flourishing BFSI
industry will provide lucrative growth
opportunities to the market growth.
7Continued...
- The green data center market in Asia Pacific will
experience a strong growth of over 30 from 2018
to 2024 owing to the widespread adoption of cloud
and IoT technologies in countries such as China
and India. The rapid growth in the number of
startups in India coupled with the favorable
government initiatives such as Make in India will
support the green data center market growth in
the country. The booming industrial sector in
Japan is demanding high performance equipment for
mounting volumes of data from connected
factories. The rise in the number of smartphone
users in China are also demanding data center set
ups for data storage. Infocomm Media Development
Authority (IMDA) has collaborated with government
agencies to develop a Singapore Standard for
green infrastructure under the IT standards
committee. - Players operating in the green data center market
comprise Dell Inc., Huawei Technologies Co.,
Ltd., HCL Technologies Limited, IBM Corporation,
Microsoft Corporation, Fujitsu Ltd., Schneider
Electric SE, and Hewlett-Packard Enterprise
Company. Companies are striving to launch new
data centers to strengthen their market presence.
In May 2016, Microsoft stated that they will be
obtaining a LEED Gold certification for all its
structures to lower their PUE.
8Industry Coverage
9Table OF Content
Chapter 1. Methodology and Scope 1.1.
Methodology 1.1.1. Initial data
exploration 1.1.2. Statistical model and
forecast 1.1.3. Industry insights and
validation 1.1.4. Definition and forecast
parameters 1.1.4.1. Definitions 1.1.4.2.
Assumptions, methodology and forecast
parameters 1.2. Data Sources 1.2.1.
Primary 1.2.2. Secondary Chapter 2. Executive
Summary 2.1. Green data center industry 3600
synopses, 2013 - 2024 2.1.1. Business
trends 2.1.2. Regional trends 2.1.3. Component
trends 2.1.3.1. Solution trends 2.1.3.2.
Service trends 2.1.4. End-use trends
10Continued...
Chapter 3. Green Data Center Industry
Insights 3.1. Industry segmentation 3.2.
Industry landscape, 2013 2024 3.2.1. Data
center infrastructure industry landscape 3.2.1.1.
Data center infrastructure market size
forecast, 2013 - 2024 3.2.1.1.1. North
America 3.2.1.1.2. Europe 3.2.1.1.3. Asia
Pacific 3.2.1.1.4. South America 3.2.1.1.5.
MEA 3.3. Industry ecosystem analysis 3.3.1.
Component suppliers 3.3.2. Manufacturers 3.3.3.
Technology providers 3.3.4. Network
providers 3.3.5. Service providers 3.3.6. System
Integrators 3.3.7. Distribution channel
analysis 3.3.8. Vendor matrix
11Continued...
3.4. Technology innovation landscape 3.4.1.
Edge and hyperscale data centers 3.4.2.
Software-defined networking (SDN) 3.4.3. Green
cloud computing 3.4.4. Computational fluid
dynamics applications in green design 3.4.5.
Impact of IoT sensing technologies 3.5.
Regulatory landscape 3.5.1. North America 3.5.2.
Europe 3.5.3. Asia Pacific 3.5.4. South
America 3.5.5. MEA 3.6. Industry impact
forces 3.6.1. Growth drivers 3.6.1.1. Rapid
shift towards renewable power sources in the U.S.
and Europe 3.6.1.2. Transition to cloud-based
solutions in the U.S. 3.6.1.3. Increase in
organizational data traffic and big data
analytics in U.K and Germany 3.6.1.4. Government
initiatives to lower PUE in UK and
Singapore 3.6.1.5. Growth of mega data centers
and trend of collocation in China, India, and
Mexico
12Continued...
3.6.1.6. Increase in construction of data
centers and rise in SME demand in South-East
Asian countries 3.6.1.7. Decline in costs of
semiconductor components in Asia Pacific 3.6.1.8.
Rising electricity prices across Europe 3.6.1.9.
Growing focus of players to establish data
centers in South America due to abundant
resources and high cost benefits 3.6.1.10.
Rising urbanization in MEA 3.6.2. Industry
pitfalls challenges 3.6.2.1. High cost of
equipment over traditional technologies 3.6.2.2.
Security issues in green storage
technologies 3.6.2.3. Incompatibility of green
solutions with existing data centers 3.7. Growth
potential analysis 3.8. Porter's analysis 3.9.
Competitive landscape, 2017 3.9.1. Strategy
dashboard 3.9.2. Investment landscape 3.9.3. Key
innovations 3.10. PESTEL analysis
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