18 Dec 2015 12:12:55
Green Data Center Market to Expand at a CAGR of 30.8% during the period from 2015 to 2022.
A data center is a facility of computer systems that houses the data and applications that are critical for the success of any business organization. The green data center is a concept whereby cost savings are realized on the operation and maintenance of data centers. It includes implementation of advanced technologies such as economizers for cooling, resulting in maximum efficiency, and minimum environmental impact. Reduced e-waste and recycling, low emissions, and use of alternative energy technologies are some of the other benefits of green data centers. IT, Telecom and BFSI are some of the key industries where green data centers are prominent. The growth in these industries is expected to affect the green data center market positively since these industries have high data storage requirements.
Key factors driving the global green data center market include increasing shift of enterprises towards energy efficiency, government regulations and reduction in operational cost. The application of green data centers is expected to increase across various industrial segments in the coming years. Moreover, industry players look to increase the energy efficiency and overall performance of data centers, which is further expected to escalate the demand for green data centers.
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Asia Pacific is witnessing high growth owing to the government initiatives across countries such as Singapore, Philippines, India and China among others. Other regions such as Middle East and Africa, and Latin America are also expected to witness significant growth in coming years.
Some of the key providers of green data center solutions include Cisco Systems, Inc., Ericsson, Fujitsu Ltd, International Business Machines Corporation and Hewlett-Packard Company. Other significant players in the market include Dell Inc., Eaton Corporation Plc., EMC Corporation, Emerson Network Power, Hitachi, Ltd and Schneider Electric (APC).
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