Published Date : May 02, 2016
Globally, the demand for energy-efficient solutions across data centers has significantly risen. Due to the evolution of cloud based operations, controlling and monitoring data operations has become imperative for organizations to stay ahead in competition. This in turn creates demand for energy efficient data storage solutions.
As per a report published by Transparency Market Research, the global market for green data center is anticipated to exhibit a CAGR of 30.8% from 2014 to 2022. The market stood at US$25.8 bn in 2014 and is expected to reach US$221.4 bn by the end of 2022.
Green data centers refer to the repository for storing, managing, and disseminating information. The mechanics, electrical, and computer systems integrated in these systems are designed to offer maximum fuel-efficiency and minimal environmental impact. The system also includes implementing advanced technologies, which subsequently results in maximum energy-efficiency at marginal cost.
Market to Gain Impetus from Favorable Government Policies
Favorable government policies and reducing in the operating cost are the key factors fuelling demand from the global green data center market. Furthermore, the increasing inclination of companies towards ensuring energy efficiency in their operation and the adoption of smart technologies have been crucial factors boosting the market for green data centers. As the major industries around the world invest on improving their overall performance and energy efficiency, the demand for green data center for the storage of critical information is anticipated to increase in response.
Regionally, Europe and North America lead the market at present. However, over the forthcoming years, the market is anticipated to witness lucrative opportunities in the emerging economies of Asia Pacific such as Singapore, China, Philippines, and India.