Industry Research has published the “Green Data Center Market” report that studied the Green Data Center market size, industry status and forecast, competition landscape, and growth opportunity. The green data center market was valued at USD 43.24 billion in 2018 and is expected to reach a value of USD 147.88 billion by 2024.
Highlights of the report
The primary factor which drives the green data center market is to regulate energy consumption regularly, as energy consumption by data centers over the years has alerted governments across the US and Europe. Green data center provides effective and eco-friendly solutions in terms of data storage and reduction in energy consumption.
Globally, the amount of data is set to grow drastically in the next few years. Therefore, the need to increase storage capacity will be growing. This is a big opportunity for every major enterprise in the data center and storage space market. According to Huawei, the global estimate of data center demand is expected to increase by 3 to 10 times by 2030.
The North American region holds the largest share in the green data center market owing to the presence of a large number of services and software providers which also drives the market forward.