Green Data Center Market to Reach $303.9 Billion by 2031 at 20.1% CAGR

Green Data Center Market

Rise in penetration of high-end cloud computing in companies, surge in need for scalability, and increase in expenditure on green data center technology drive the global green data center market. However, rise in demand for managed services and increase in concerns regarding data privacy hinder the market growth. On the contrary, rise in demand for multi-cloud and network upgrades to support 5G would open new opportunities in the future.

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The global green data center industry generated $49.7 billion in 2021, and is projected to reach $303.9 billion by 2031, growing at a CAGR of 20.1% from 2022 to 2031.

By component, the solution segment held the lion’s share in 2021, accounting for nearly three-fifths of the global green data center market, as green data center solutions are effective and environmentally friendly in terms of data storage and energy consumption. However, the services segment is projected to portray the highest CAGR of 21.2% during the forecast period, due to surge in adoption of professional services for integration and deployment of green data center solutions.

By industry vertical, the media and entertainment segment is anticipated is estimated to register the highest CAGR of 24.0% from 2022 to 2031. This is due to increase in storage demand and increase in data traffic in the media & entertainment industry. However, the BFSI segment held the lion’s share in 2021, contributing to more than one-fifth of the global green data center market, due to need for sustainable data management.

By enterprise size, the large enterprises segment dominated the market in terms of revenue generation in 2021, accounting for more than half of the global green data center market. This is due to adoption of green data center by large enterprises for efficient and cost-effective energy. However, the small and medium-sized enterprise segment is projected to register the highest CAGR of 21.3% during the forecast period, due to rapid innovation and technological investments by SMEs.

By region, the global green data center market across North America held the largest share in 2021, accounting for nearly two-fifths of the market, due to infrastructure development and technology adoption in countries such as the U.S. and Canada. However, the market across Asia-Pacific is anticipated to register the highest CAGR of 24.7% during the forecast period, due to rise in digital and economic transformation in the region.

Key market players

  • Cyber Power Systems
  • Dell Technologies Inc.
  • Delta Electronics, Inc.
  • Digital Realty Trust, Inc.
  • Eaton Corporation
  • Hewlett-Packard
  • Huawei Technologies
  • IBM Corporation
  • NEC Corporation
  • Nortek Air Solutions
  • NTT Corporation
  • Schneider Electric
  • ZutaCore

Covid-19 scenario:

  • The Covid-19 outbreak significantly affected the market. Manufacturing and production facilities across the globe were shut during the pandemic. This negatively impacted the global economy and created challenges for businesses and communities.
  • Several countries suffered major losses in terms of business and revenue due to lack of raw materials and disruption of the supply chain.
  • In addition, the pandemic enforced the industry to make short-term decisions that have long-term implications. Thus, the negative impact on the market is expected to continue for a short period.

The report analyzes these key players of the global green data center market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.


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