The large-scale shift towards cloud-based solutions and increasing data center infrastructure are driving current trends in the global green data center market. While the physical infrastructure and need for data centers continues to increase, adoption of sustainable solutions can help lower the environmental impact of this transformation significantly.
A large number of enterprises are switching to sustainable digital and modernized solutions for managing massive amounts of data generated. Citing a recent instance, in November 2020, Honeywell Corporation and Vertiv had partnered to build integrated digital solutions and optimize data center sustainability, efficiency, operational performance, and resiliency.
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Management software are experiencing a significant adoption across enterprises worldwide. These play a critical role in the efficient functioning of data centers and help ensure maximum throughput. The pressing need for building a robust IT infrastructure and reducing operational expenses in order to support new businesses is increasing continuously.
Many enterprises are hiring managed and professional service providers to help optimize their IT infrastructure, data centers, operations, and managed systems to achieve the desired business objectives and efficiencies.
Green data center solutions are likely to witness widespread adoption across the IT & telecom sector in the near future. This will mainly be influenced by growing digitalization among enterprises for conducting everyday activities such as shopping and payments. Optimized and efficient solutions allow businesses to cut power consumption as well as operational costs.
Meanwhile, the adoption of colocation services is also increasing worldwide. These services help businesses minimize expenses associated with construction and maintenance of data centers. They provide power, storage, cooling, network equipment, and server security.
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Data center industry forecast report estimates that Asia Pacific will come to the light as a major revenue contributor. Countries such as China, India, Singapore, and Japan have been witnessing high adoption of advanced technologies, including AI, cloud, and IoT. For instance, in India, government initiatives, such as Smart Cities and Digital India have gained hype. These initiatives have fueled the adoption of IoT and cloud computing in the country. 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.
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.
Major Key Points from Table of Content:
Chapter 4. Green Data Center Market, By Component
4.1. Key trends by component
4.2.1. Green data center market estimates and forecast, 2015 – 2026
188.8.131.52. Market estimates and forecast, 2015 – 2026
184.108.40.206. Market estimates and forecast, 2015 - 2026
220.127.116.11. Market estimates and forecast, 2015 - 2026
4.2.5. Management software
18.104.22.168. Market estimates and forecast, 2015 – 2026
4.3.1. Market estimates and forecast, 2015 – 2026
4.3.2. Installation & Integration
22.214.171.124. Market estimates and forecast, 2015 – 2026
126.96.36.199. Market estimates and forecast, 2015 – 2026
188.8.131.52. Market estimates and forecast, 2015 – 2026
Chapter 5. Green Data Center Market, By Application
5.1. Key trends by application
5.2.1. Green data center market estimates and forecast, 2015 – 2026
5.3.1. Market estimates and forecast, 2015 – 2026
5.4.1. Market estimates and forecast, 2015 – 2026
5.5.1. Market estimates and forecast, 2015 – 2026
5.6.1. Market estimates and forecast, 2015 – 2026
5.7.1. Market estimates and forecast, 2015 – 2026
5.8. IT & telecom
5.8.1. Market estimates and forecast, 2015 – 2026
5.9.1. Market estimates and forecast, 2015 – 2026
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