Title: Green Data Center Market Overview and Product Scope over 2019 - 2026
1Green Data Center Market Size Is Projected To
Exceed USD 35 Billion By 2026 Global Market
Insights, Inc.
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2- Green Data Center Market Scenario
- As per a comprehensive report published by Global
Market Insights, Inc., worldwide Green Data
Center Market is pegged to cross the USD 35
billion market by 2026. Rising popularity of
online shopping and payments has pushed the IT
and telecom sectors towards digitization. Online
activities generate massive amounts data that is
required to be stored safely and
cost-effectively. - A huge amount of data generated has amplified the
need for storage spaces. Adoption of cloud
computing is also expanding among companies,
which will escalate green data center market
size. For instance, in February 2018,
Ascendas-Singbridge Group announced investment of
around 1 billion towards construction of
large-scale data centers in India. The move was
intended to serve hyper-scale cloud providers. - Also, the number of manufacturing firms is
increasing in India and China, which has promoted
the growth of green data center market share in
the region. Manufacturing companies are
implementing advanced technologies of IoT and
machine learning and extended data generation,
which will propel the demand for green data
centers.
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3Continue-
- The increasing defense budget and growing cross
border conflicts between India, China, and
Pakistan are some of the major drivers for the
growth of the Green Data Center Market. The
rising defense budget is supporting the growth of
industry players and weapon suppliers across the
globe. - The demand for new technology and upgrading of
the existing system are contributing to the
growth of the Green Data Center Market. The
introduction of more efficient defense platforms
and upcoming technologies including the
integration of AI and drones along with the
application of laser to destroy incoming
projectiles is the major market accelerator.
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4- Asia Pacific will come to the light as a major
revenue contributor. Countries such as China,
India, Singapore, and Japan have been witnessing
high adoption of advanced technologies, including
AI, cloud, and IoT. For instance, in India,
government initiatives, such as Smart Cities and
Digital India have gained hype.
- A few of the major participants operating in
green data center market are Vertiv Co., Huawei
Technologies Co. Ltd., Schneider Electric SE,
Microsoft, Hewlett-Packard, IBM Corporation, and
Verne Global.
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