The global green data center market is segmented into cooling, networking, power, and management software. In 2018, the networking applications segment captured 35% of the market. The growing demand for data centers has led to greater energy efficiency and improved connectivity options. Non-renewable energy resources are not sufficient to meet these demands. As a result, the demand for green data centers has increased. To address this demand, many companies are focusing on developing infrastructure facilities in the region.
According to the report, the world’s leading data center operators are Microsoft, Apple, Google, and Amazon. These companies have massive networks of data centers located in regions all over the world. These companies have been able to reduce their operational costs while offering superior customer service. Large players are investing heavily in green data centers and the trend has been catching on. The market for green data centers is projected to grow by nearly 30% between 2014 and 2018.
Current trends and Best Practices scenarios indicate significant electricity savings for the industry.
While this is a good thing, it also shows that there is still significant room for improvement. By 2020, data center electricity use will reach 72 billion kWh, compared to the current consumption of about 45 billion kWh. This growth is expected to continue until 2020, representing an increase of just over five percent in total electricity consumption over a decade.
In addition to energy availability, the rating criteria for green data centers included broadband connectivity, political stability, and the cost of doing business. Other factors included GDP per capita, energy security, and the threat of natural disasters. The country must also have sufficient natural resources for the operation of the data centers. If all these factors are met, the global green data center market will continue to grow at a rapid pace. And with this growth, many companies are building data centers in the United States and elsewhere.
As the internet continues to grow exponentially, the need for data centers grows. As the number of internet-connected devices increases, video streaming is expected to increase exponentially. In the future, data centers will become an integral part of the supporting infrastructure, processing zettabytes of data. These factors make data centers essential in the growing information society. And, in addition to increasing demand, data centers are generating more revenue for organizations.
The Asia-Pacific region is expected to see the largest growth over the next few years.
The region’s demand for data centers is driven by the rapidly growing Internet population and the presence of large IT BPO outsourcing companies. In addition, data center investment in Asia Pacific is increasing at a fast rate, with investments increasing by 17.6% and 26 million m2 in 2014 and another 14.9% in 2019.
In terms of size, the retail colocation segment is expected to dominate the market by 2020. This segment is likely to continue to hold its dominant position during the forecast period. Retail colocation allows enterprises to rent a portion of data center space. The flexibility it offers is especially valuable for organizations with small data storage requirements and limited budgets. These facilities also offer a variety of benefits to small and medium-sized businesses, including flexibility.