Green Data Center Market – Global Industry Forecast & Analysis over 2019 - 2026

As per a comprehensive report published by Global Market Insights, Inc., worldwide Green Data Center Market is pegged to cross the USD 14.9 billion market by 2026. Surging production and sales of new generation electric vehicles incorporating advanced automotive glass will escalate the industry size.

The intensifying need for storage of massive amounts of data along with rising focus on adoption of solutions with low environmental footprint will push green data center market share growth. Several companies have been intending for cost cutting and leasing data center services from reliable partners. A number of companies are forging into the construction of mega green data centers to answer this requirement.

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A huge amount of data generated has amplified the need for storage spaces. Adoption of cloud computing is also expanding among companies, which will escalate green data center market size. For instance, in February 2018, Ascendas-Singbridge Group announced investment of around $1 billion towards construction of large-scale data centers in India. The move was intended to serve hyper-scale cloud providers. Major industry players, such as Google and Amazon have been investing towards the establishment of mega and hyper-scale data centers in emerging markets, such as Mexico and India.

Rising popularity of online shopping and payments has pushed the IT and telecom sectors towards digitization. Online activities generate massive amounts data that is required to be stored safely and cost-effectively. A number of companies are introducing energy-efficient solutions to decrease power consumption and reduce operating costs. Enterprises are demanding economic solutions to store their data, which is likely to stimulate green data center industry outlook.

Also, the number of manufacturing firms is increasing in India and China, which has promoted the growth of green data center market share in the region. Manufacturing companies are implementing advanced technologies of IoT and machine learning and extended data generation, which will propel the demand for green data centers.

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A few of the major participants operating in green data center market are Vertiv Co., Huawei Technologies Co. Ltd., Schneider Electric SE, Microsoft, Hewlett-Packard, IBM Corporation, and Verne Global.

Browse key industry insights spread across 250 pages with 227 market data tables and 27 figures & charts from the report, "Green Data Center Market Size By Component (Solution [Cooling, Networking, Power, Management Software], Service [Installation & Integration, Consulting, Managed]), By Application (Colocation, BFSI, Energy, Government, Healthcare, Manufacturing, IT & Telecom), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2026," in detail along with the table of contents:https://www.gminsights.com/industry-analysis/green-data-center-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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