Green Data Center Market’s Future Lies in IT and Telecommunications Sector, Expected to Reach US$221.4 bn by 2022

Green Data Center Market

A new Transparency Market Research report states that the global green data center market stood at US$25.8 bn in 2014 and is predicted to reach US$221.4 bn by 2022. It is expected to rise at a whopping CAGR of 30.80% between 2015 and 2022. The title of the report is “Green Data Center Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 – 2022”.

According to the report, the major factors stimulating the green data center market include the reduction in operational costs and government regulations. In addition, the rising inclination towards energy-efficiency by enterprises is also boosting the demand for green data centers. The major industry players are preparing to improve the overall performance and energy-efficiency of data centers. This will further fuel the demand for green data centers in the coming years.The report segments the market on the basis of PUE standard, component, ownership, and geography.

On the basis of PUE standard, the green data center market is segmented into PUE 1.5 to 2, PUE 1 to 1.5, and PUE greater than 2. Amongst these, most of the green data center solutions were taken by the data centers comprising a PUE standard of greater than 2. Therefore, the segment of PUE standard of greater than 2 led the green data center market.

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On the basis of component, the green data center market is segmented into power backup, air conditioning, storage and servers, security appliances, and network. On the basis of ownership, the market is segmented into external ownership, comprising dedicated hosting and co-location, and internal ownership including telecommunications, healthcare, IT, government, BFSI, transport and logistics, energy and utility, and others including retail. Green data centers are poised to be adopted across all industries, however, green data technologies are predicted to be adopted rapidly by the IT and telecommunications sector in particular.

On the basis of geography, the green data center market is segmented into Europe, North America, Asia Pacific, the Middle East and Africa (MEA), and Latin America. Amongst these, in 2014, Europe and North America dominated the global green data center market in terms of revenue generation. The reasons for the increased market revenue in these two regions include the increasing awareness on energy-efficient data centers along with regulations formulated by the government in favor of using green equipment and energy-efficient data centers.

On the other hand, the Asia Pacific market for green data centers is also expected to experience substantial growth due to rising government initiatives in the Philippines, Singapore, China, and India, among others. The remaining regions, including Latin America and MEA, are also anticipated to experience exponential growth in the forthcoming years.

As per the report, the prime players dominant in the market include Ericsson, Fujitsu Ltd., Cisco Systems, Inc., Hewlett-Packard Company, and International Business Machines Corporation (IBM), among others.