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Why Green Data Center Market is Growing at Exponential Rate
Green data center is designed for attaining maximum energy efficiency and have a minimum impact on the environment. Green data center requires highly advanced technologies and strategies for its proper construction and operation. Many Companies around the globe are adopting ways to save energy and reduce cost by shifting towards green data centers. Electricity can account for up to 15% to 20% of the operating cost in a data center. Rising electricity costs have forced data centers to shift toward new technologies such as Data Center Infrastructure Management (DCIM), free air cooling, low power servers, and virtualization to save business money, while reducing environmental impact at the same time.
The major industry vertical is telecom and IT followed by Banking, Financial Services and Insurance (BFSI) and healthcare in the green data center market throughout the forecast period. Telecom and IT is expected to grow from $6.95 in 2014 to $25.95 billion by 2019. In the coming years, healthcare is expected to grow from $4.03 billion in 2014 to $13.77 billion by 2019. Increasing secure data transactions and storage requirement in BFSI vertical is expected to drive the market from $8.49 billion in 2014 to $26.65 billion by 2019. Overall, 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%.
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)
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