by Brianna Crandall — March 26, 2014—Global market research and consulting company MarketsandMarkets has released a report that forecasts a significant rise in the green data center market driven by the need to reduce power consumption, environmental laws, and the pursuit of sustainability certification and/or public sustainability disclosures.
In the present scenario, data center and facilities managers have to tackle increasing power consumption in data centers in order to reduce operational costs to the company, says MarketsandMarkets. With enormous increase in the demand for data centers, power consumption associated with them is also rising, thus creating a critical demand for lower power-consuming techniques. Also, strict environmental laws and the need to be seen as an energy-conscious organization are helping drive an increase in infrastructure efficiency spending, adds the report.
MarketsandMarkets forecasts the green data center market to grow from $22.76 billion in 2014 to $75.89 billion by 2019, at a compound annual growth rate (CAGR) of 27.2%. The Asia-Pacific (APAC) region is expected to show the highest growth pace, but North America is expected to remain the largest market holder in the forecast period.
Green Data Center Market [Solutions (Server, Networking, Power, Cooling, Management, Green Solutions), Services (Professional, Monitoring, SI), Users (Cloud, Colocation, Enterprises)]—Global Advancements, Worldwide Forecasts & Analysis (2014-2019) defines and divides the green data center market into various segments with an in-depth analysis and forecasts of revenues.
The report broadly segments the green data center market by solutions: server, networking, power, cooling, management software, and green solutions; by services being offered: system integration, monitoring services, and professional; by industry verticals: banking and financial services and insurance (BFSI), telecommunications and information technology (IT), healthcare, government and public, and other verticals; by type of users: cloud providers, colocation providers, and enterprises; and by regions: North America (NA), Europe (EU), Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA).
This research report also identifies the factors driving this market, and various restraints, challenges, and opportunities impacting it, along with a future roadmap. It includes more than 86 market data tables and 77 figures spread through 231 pages.
