Green Data Center Market by Component (Solutions, Services), by User (Colocation Providers, Cloud Service Providers (CSPs), by By Component (Solutions), by Services (Professional, Managed), by By User (Colocation Providers, Cloud Service Providers, Enterprises), by South America (Brazil, Argentina, Rest of South America), by Europe (U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2024-2032
The Green Data Center Market size was valued at USD 70.14 USD Billion in 2023 and is projected to reach USD 206.76 USD Billion by 2032, exhibiting a CAGR of 16.7 % during the forecast period. A green data center is a service facility which utilizes energy-efficient technologies. They do not contain obsolete systems and take advantage of newer, more efficient technologies. With the exponential growth and usage of the Internet, power consumption in data centers has increased significantly. Due to the resulting environmental impact, increase in public awareness, higher cost of energy and legislative action, increased pressure has been placed on companies to follow a green policy. For these reasons, the creation of sustainable data centers has become essential in an environmental and a business sense. With substantial energy demands for operation and the need to develop efficient cooling technology to safeguard equipment, data centers present a particularly interesting field for achieving sustainability. And, at the center of this need, lies energy efficiency.
Component:
User:
The Green Data Center market is poised for significant growth in the coming years. The rising demand for data storage and processing, coupled with environmental concerns and government initiatives, is driving the market. Technological advancements and the increasing adoption of renewable energy sources are further fueling market growth.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 16.7% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 16.7% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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