Green Data Center Market Size, Share & Trends Analysis Report By Component (Solution, Services), By Enterprise Size (Large, SMEs), By End-use (IT & Telecom, BFSI), By Region, And Segment Forecasts, 2023 - 2030

Green Data Center Market Size, Share & Trends Analysis Report By Component (Solution, Services), By Enterprise Size (Large, SMEs), By End-use (IT & Telecom, BFSI), By Region, And Segment Forecasts, 2023 - 2030

Green Data Center Market Growth & Trends

The global green data center market size is estimated to reach USD 200.46 billion by 2030, growing at a CAGR of 19.0% from 2023 to 2030, according to the recent reports of Grand View Research, Inc. The market is anticipated to be driven by the surge in penetration of high-end cloud computing in organizations, the rise in spending on green data center technology, and key vendors offering Economical (ECO) mode in Uninterrupted Power Supply (UPS) to boost the adoption of green data centers. Furthermore, favorable initiatives by regulatory bodies around the world aimed at supporting cloud proliferation are boosting the demand for data centers and, as a result, shaping the market. For example, the United Arab Emirates (UAE) has supported various cloud computing projects, such as Smart Abu Dhabi and Smart Dubai. These projects sought to accelerate enterprise digital transformation while also boosting countries' economic growth.

These measures by various governments throughout the world will drive product demand, ultimately driving market growth. Furthermore, as Machine Learning (ML), the Internet of Things (IoT), Artificial Intelligence (AI), big data, and become more prevalent, worldwide electricity consumption will increase, providing another impetus for green data centers. Data centers account for 1 to 1.5 percent of global electricity usage, according to the International Energy Agency (IEA). As a result, a major emphasis on energy efficiency could propel the industry's growth. Moreover, AL and ML are expected to play a vital role in the future to efficiently cool and power data centers across the globe. Leveraging deep learning techniques, AI breaks down large volumes of data from several aspects of operating the data center and utilizes predictive modeling to gauge the effect on energy usage.

AI has demonstrated that data centers can help significantly reduce costs. These factors would further supplement the growth of the market. The adoption of a software-defined data center in the healthcare industry is expected to drive data center construction market growth in the near future. There has been an increase in medical expenditures every year. The Institute for Health Metrics and Evaluation predicts that by 2040, healthcare spending will total USD 18.28 trillion, with high-income countries spending USD 9,019 per person. Despite the nascent stage that healthcare organizations are in with adopting modern IT infrastructure changes, data management, networking, and server storage can be streamlined, unified, and improved by implementing a software-defined data center in the healthcare industry. These factors would further supplement the market growth.

Green Data Center Market Report Highlights

• The networking system segment is expected to register a CAGR of 19.8% from 2023 to 2030 due to a rise in the use of data center virtualization and cloud computing to improve the performance of IT infrastructure and effectively manage cloud services
• The support & maintenance segment is expected to grow at a CAGR of 22.8% from 2023 to 2030. Support & maintenance services include preventive maintenance, environmental monitoring and management, energy optimization, and enhanced support services. These services ensure that the organization’s infrastructure is operating as efficiently and effectively as possible
• The SMEs segment is anticipated to grow at a CAGR of 21.7% from 2023 to 2030. Small enterprises are adopting data center models, which provide several benefits, such as 24*7 support, lower maintenance costs, and greater flexibility for their workforce location
• The IT & telecom segment is anticipated to grow at a CAGR of 21.4% from 2023 to 2030 due to increasing demand for computing, networking, memory, and storage resources in distributed or grid computing settings
• Asia Pacific is anticipated to grow at a CAGR of 22.2% from 2023 to 2030. The increase in sales of networking equipment, such as switches and routers, supports this expansion. Businesses like Huawei Technologies Co. Ltd., Dell, and HP Enterprises have all contributed significantly to the regional market growth. The introduction of new products by these businesses in the servers and networking sectors has helped the IT infrastructure market expand across Asia Pacific

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