Green Data Center Market Share | Industry Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Green Data Center Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global green data center market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the green data center market?

The global green data center market size reached US$ 72.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 237.1 Billion by 2028, exhibiting a growth rate (CAGR) of 21.2% during 2023-2028.

What is a green data center?

A green data center refers to a data repository, which is constructed in an eco-friendly manner for storing, managing, and distributing data to several organizations. It offers the same features and capabilities like conventional data centers; however, a green data center requires lesser energy, divides workload, and offers advanced storage experience to users. Moreover, it lowers the organizational carbon footprint due to the implementation of energy-efficient power supply systems, high-efficiency HVAC, LED lighting, servers, and routers. A rapid growth in data traffic has led to the demand for green data centers across several industrial verticals.

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What are the growth prospects and trends in the green data center industry?

The construction and operation of green data centers utilize materials with low emissions, along with sustainable landscaping, electric or hybrid cars, waste recycling, and catalytic converters on generator backup. As organizations are seeking solutions to lower their carbon emissions, they are opting for green data centers, thereby providing a thrust to the market growth.

Moreover, with data centers of IT organizations saturating in terms of space, power, and cooling, there is a constant need for energy-efficient data centers. Besides this, limited energy resources, strict budget constraints, and the increasing cost of electricity are also compelling organizations to opt for green data centers. Furthermore, industry giants, including Apple, Inc and Google, LLC, have invested in green data centers. This, along with further advancements in technology, is expected to create a positive outlook for the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Component:

Solutions 

Power Systems

Servers

Monitoring and Management Systems

Networking Systems

Cooling Systems

Others

Services

System Integration Services

Maintenance and Support Services

Training and Consulting Services

Breakup by Data Center Type:

Colocation Data Centers

Managed Service Data Centers

Cloud Service Data Centers

Enterprise Data Centers

Breakup by Industry Vertical:

Healthcare

BFSI

Government

Telecom and IT

Others

Breakup by Region:

North America (U.S. & Canada)

Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)

Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)

Latin America (Brazil, Mexico)

Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Cisco Technology Inc.

Dell EMC Inc.

Eaton Corporation

Ericsson Inc.

Fujitsu Limited (Furukawa Group)

HCL Technologies Limited

Hitachi Ltd.

HP Inc.

Huawei Technologies Co. Ltd.

IBM

Microsoft Corporation

Schneider Electric SE

Siemens AG

Vertiv Co

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