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Green Data Center Market Overview - Trends and Forecasts
In the green data center market, Banking, Financial Services and Insurance (BFSI) industry vertical is expected to account for the largest market share in the forecast period, from 2014 to 2019. Data centers are the backbone of this industry. IT infrastructure should be exceptional to ensure enhanced performance in multiple workloads simultaneously reducing the overall cost. It has become very critical for them to shift towards green data centers to increase efficiency and optimal utilization of their data capacities.
However, telecom and IT, government, and healthcare are also expected to grow at good pace in the forecasted period. Some other verticals namely retail, transportation, research, education, manufacturing, and oil and gas are also expected to grow in the coming years.
Telecom and IT vertical in the green data center market is also contributing significantly. Telecom and IT vertical is expected to grow from $6.95 in 2014 to $25.95 billion by 2019 with a rapid increase in the Y-O-Y growth rate throughout the forecast period.
Healthcare vertical which includes hospitals, clinics, and medical offices have recently shifted towards trend of storing data through electronic medium rather than storing manually. So, data center needs will continue to grow because tools like EMR, imaging machines, and mobile health apps are booming. These have changed healthcare and IT and increased the importance of data centers capacity as well as availability resulting in driving the market toward green data centers.
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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