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New Report Forecasts the Growth of the Green Data Center Market
A new report highlights the importance of the green data center market and its growth, based on an in-depth analysis and segmentation of the market based on various aspects.
A forecast of revenues for a period up to 2019 is also featured in the report titled, “Green data center market- global advancements, worldwide forecasts and analysis (2014-19),” published by MarketsandMarkets.
The report defines and divides the green data center market into various segments in addition to identifying and outlining the factors that control the market, the different restraints, challenges, and opportunities that will further affect it in future.
The challenges that data center managers face are many. In order to control power consumption and to reduce operational costs, several measures have to be taken by a company. As the demand for data centers is increasing, the total power consumed by them is also increasing. This has led to a critical demand for low-power-consuming techniques.
Government environmental laws have imposed stringent controls and the endeavor to become an energy-conscious organization for economic gains has further boosted efficient infrastructure spending by companies.
The green data center market is expected to grow from $22.76 billion in 2014 to $75.89 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 27.2 percent. The report reveals that the APAC region is expected to experience the highest growth rates while North America will remain the largest market.
To explain the market based on regions, the report divides the world into North America (NA), Europe (EU), Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA).
The green data center market is divided based on solutions as server, networking, power, cooling, management software, and green; and as system integration, monitoring services, and professional on the basis of services.
Depending on industry verticals the market is segmented into banking and financial services and insurance (BFSI), telecom and IT, healthcare, government and public and other verticals. Based on the type of users the green data center market is segmented into cloud providers, colocation providers, and enterprises.
Edited by Rory J. Thompson
Data Center Power Resources
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