Report ID: SQMIG45B2138
Report ID:
SQMIG45B2138 |
Region:
Global |
Published Date: September, 2024
Pages:
197
|
Tables:
99 |
Figures:
78
In 2023, North America held the largest market share in the global green data center market and is expected to grow during the forecast period. The dominance of this region is attributed due to the presence of large number of data centers in United States which is approximately 5,381 as of 2024. The growing number of data center in United States creates potential market opportunity for green data center market. The increasing usage of mobile broadband, the development of big data analytics, and cloud computing services are the motives for the modernization of data center infrastructures. Major key players including Dell, HPE and IBM have started providing green data center solutions, reflecting the dominance of this region.
On the other hand, the Asia-Pacific region is emerging as the fastest growing region and it is projected to grow at a CAGR of approximately 19% in the coming years. This growth is driven by the high usage of power and the rising awareness on energy efficiency and conservation in order to reduce energy costs. Many of the countries in the region are increasingly adopting measures that regulate energy consumption and emissions imperative for the green data centers as firms seek to adhere to such regulations and avoid penalties. The use of energy efficiency solutions reflects the region’s focus on sustainable development and compliance with standards.
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Report ID: SQMIG45B2138