Carbon Neutral Data Center Market: Current Analysis and Forecast (2021-2027)

Carbon Neutral Data Center Market: Current Analysis and Forecast (2021-2027)

The Global Carbon neutral data center market is expected to grow at a CAGR of around 22% during the forecast period (2021-2027). The Carbon Neutral Data Centers are beneficial for reducing an organization's carbon footprints. The market growth attributes to the ongoing digital transformation in various businesses that have aided the amount of data produced. Besides, the surging imposition of numerous policies & environmental regulations laid by the government to reduce carbon emissions like the International Climate Agreement has further boosted the Global Carbon Neutral Data Center Market growth.

Moreover, carbon-neutral data centers exhibit features and capabilities similar to that of traditional data centers, but consume less space and energy, and are environment friendly. Further, it helps process an organization's functions at a faster rate and uses less amount of energy & space. Therefore, Carbon Neutral Data Centers are the preferred eco-friendly options.

The coronavirus pandemic was declared a public health emergency worldwide by World Health Organization (WHO). Government across nations implemented lockdown and ban on traveling, the shutdown of manufacturing industries, commercial activities this had severely disrupted the supply chain. Additionally, the lockdown has also resulted in restricting the imports and exports of various raw materials, equipment, and devices, which are crucial for the operation of the data centers, thereby bringing many ongoing projects to a standstill position. Thus, negatively impacting the overall market growth.

ABB Group, 3M Company, Alphabet Inc., Cisco System, Hewlett Packard Enterprise, Eaton Corporation plc, Fujitsu Ltd., IBM Corporation, Microsoft Corporation, Dell Inc. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst type, hyper-scale centers segment holds the major share”

Based on type, the carbon-neutral data center market is segmented into hyper-scale centers, enterprise type, colocation data centers, and others. The hyperscale centers catered to significant demand in the carbon-neutral data center market. It is mainly owing to the strong growth in demand for data center services continues to be mostly offset by ongoing efficiency improvements for servers, storage devices, network switches, and data center infrastructure, as well as the high and growing share of services met by highly efficient hyperscale data centers.

“Amongst solution, hardware segment holds the major share”

Based on the solution, the carbon-neutral data center market is segmented into hardware (servers, cooling and power, storage, and networking), software and platform, and support services. The hardware segment holds a considerable market share in the carbon-neutral data center market. It is mainly due to the hardware equipment and devices being the most crucial parts in any data center required for its operation.

“Amongst end-user, IT and Telecom segment holds the major share”

Based on the end-user industry, the carbon-neutral data center market is classified into the IT and Telecom, BFSI, Government and Public Sector, healthcare, manufacturing, retail, and others. The IT and telecom segment holds an extensive market share in the carbon-neutral data center market. The telecom industry is dependent upon data centers as data transmission during internet services requires constant storage and processing, which is a primary criterion for quality services. Thus, to maintain quality, the industry must rely on data center facilities.

“Europe represents one of the extensive market shares of global carbon neutral data center Market”

For a better understanding of the market dynamics of the global carbon neutral data center Europe caters substantial share in the carbon-neutral data center market over the past few years and is expected to have an influential growth rate in the forecasted period as well. It is mainly due to the implementation of carbon-free energy government policies and digital strategy in the region that has positively influenced the market size of the carbon-neutral data center.

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• Deep dive regional level analysis of the industry.