Green Data Center Market - Global Advancements, Worldwide Forecasts & Analysis (2014-2019)
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[UKPRwire, Wed Mar 26 2014] Green Data Center Market [Solutions (Server, Networking, Power, Cooling, Management, Green Solutions), Services (Professional, Monitoring, SI), Users (Cloud, Colocation, Enterprises)] - Global Advancements, Worldwide Forecasts & Analysis (2014-2019)
Green data center refers to an enterprise class computing facility that is entirely built, managed, and operated on green computing principles. It provides all the features and full capability of a typical data center but uses less energy and space, following the policy of being environment friendly. Green data centers efficiently use the power for cost-effective operations of a data center.
Green data centers are gaining popularity among various industry verticals due to its financial benefits and less impact on environment, helping them to cope with government restrictions. Banking, insurance, financial services, telecommunication, IT, healthcare, government, retail, transportation, education, and research are some of the industry verticals where green data center finds applicability. In 2014, Banking, Financial Services and Insurance vertical accounts for the largest share of total green data center, and is expected to continue the same by 2019 as well. The Y-O-Y growth rates of some of these verticals, including BFSI, banking and financial services, and healthcare are expected to be on the higher side throughout the forecasted period.
Green data center market in telecom and IT is growing fast. Cloud providers and enterprises are also expected to grow significantly. Also, in the Asia-Pacific region, enormous growth in the data center market is foreseen, which will drive the telecom and IT industry.
MarketsandMarkets expects the Server solutions market to hold a major portion of the total green data center solutions market. However, there are certain revenue pockets as well namely, networking, cooling, power, and so on.
Some of the challenges in this market include investments, rising electricity cost, and lack of knowledge about their benefits. It is expected that the impact of these issues will be reduced with new advancements in the due course of time.
There are various assumptions that we have taken into consideration for market sizing and forecasting exercise. Few of global assumptions include political, economic, social, technological, and economic factors. For instance, exchange rates, one of the economic factors, are expected to have a moderate rating of impact on this market. Therefore, dollar fluctuations are expected to not seriously affect the forecasts in the emerging APAC regions.
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