Growth in the production of data and ever increasing demand for the storage space for this information is responsible for the rising demand in the datacenter industry. Increase in the demand for energy efficient solutions across various industrial verticals are also producing positive effect on the global industry. Invention of green datacenters helps in using energy efficient solution for storage, distribution and management of organizational data. Global green data center market is driven by the rising rate of adoption and vital value that these systems add to the enterprises across large industrial spectrum. As per the researchers, the industry is aiming at impressive growth in terms of revenue and global presence.
Segmentation in Green Datacenter Industry
The global industry is categorized on the basis of the types of solutions and services offered by the organizations. Apart from these two aspects, types of users, business verticals, and geographic regions are also taken into consideration. Following are the sub-segments in the industry:
- Services: Professional, monitoring, system integration, and other support systems and services
- Solutions: Networking, power, cooling, server, management software and other solutions
- Users: Colocation providers, cloud providers, and enterprises
- Verticals: BFSI, government, public sector, healthcare, telecom, IT and others
- Geography: North America, Asia pacific, Middle East & Africa, Europe, and Latin America
Forecasting for Green Data Center Market
The strongest driving factor for the industry is the demand for energy efficient solutions in the organizations. These centers refer to data repositories that are built in eco-friendly manner, in order to provide optimal results with help of least amount of energy. Some of these datacenters are capable of providing as much as 80% of energy savings with similar amount of data storage to that of the traditional storage facilities. Rising cost of electricity, sense of corporate and social responsibility of various organizations, and increasing pressure from governments to use energy friendly storage solutions are a few other factors responsible for the current growth of the industry.
Researchers are foreseeing great business potential for the global green data center market. Increasing rate of adoption, constant evolution in the existing storage and energy saving technologies, and strong rate of adoption across emerging industries are a few reasons why the industry is estimated to witness healthy growth. According to the latest market research reports, the market for green data centers is anticipated to grow a CAGR of over 29% from 2014 to 2019. At the projected CAGR, during the forecasting period, the industry is expected to reach $75.89 billion by 2019. As of 2014, the market is worth $22.76 billion.