Green data centers are physical storage reservoirs which manage and store huge volumes of data without causing a surge in electricity charges. It uses low-emission building material and in-house furniture to reduce the carbon footprint. The global green data center market report by Market Research Future (MRFR) focuses on the deep green approach by major IT conglomerates, rise of sustainable technologies, and its scope for the period of 2018 to 2023 (forecast period). The COVID-19 pandemic and its effects on the industry have been included as vital talking points.
Major drivers of the market include soaring costs of electricity, huge demand for energy storage and management, and unmet needs of energy-efficient data centers. Benefits of green data centers such as energy conservation, extending life of facilities, higher computing performance, and relaxed budget for growth can propel its adoption. Government initiatives to curtail carbon emissions, increasing interests of companies towards sustainable schemes, and future carbon offset plans are other major growth enablers of the market.
Establishment of green data centers in areas of cheap power sources can favor the market. Major companies such as Apple, Facebook, and Google have decided to shift their data centers to Nordic countries to counter soaring energy expenses. Improvements in products and use of new materials to assist in liquid cooling can lead to huge strides in the market and be open for valuable investments.
Read more@ https://www.marketresearchfuture.com/reports/green-data-center-market-1534
Competitive Outlook
IBM Corporation, Fujitsu, HP Development Company, Huawei Technologies Co. Ltd., NEC Corporation of America, ABB Group, Hitachi, Schneider Electric, Cisco Systems, and Dell Corporation are key players of the global green data center market. Other prominent players include CenturyLink, Digital Realty Trust, Equinix, Inc., China Telecom, and NTT Communications.
