Global Green DataCenter Market - Growth, Trends And Forecasts (2014-2019)
LONDON, Dec. 16, 2014 /PRNewswire/ -- The global Green DataCenter market is expected to grow from $23.41 billion in 2014 to $78.69 billion by the end of 2019 at a CAGR of 27.44%. This is being driven by the exceptional rise in the demand for data storage space and the increasing government regulations to adopt eco friendly solutions.
Data centers are commonly run by large companies or government agencies. However, they are also increasingly used to provide a fast-growing cloud solution service for private and business applications. The need for security of the data and prevention of accidental or intentional manipulation of hardware places data centers in well-constructed, sturdy buildings that houses servers, storage devices, cables, and a connection to the Internet. In addition, the center also has a large amount of equipment associated with supplying power and cooling, and often automatic fire extinguishing systems. This requires a significant amount of power which makes power is a very important component of the expenses incurred in running a DataCenter. The industry uses 2% of all electricity generated worldwide and data centers inject 259 million metric tons of carbon into the atmosphere. The cost of power is unpredictably rising, accounting for 20% to 60% of operating expenses over the life of a data center.
The growing demand for data storage has made expansion of the capacities of data centers of various companies and businesses necessary. This unprecedented increase coupled with the rising concerns about power consumption is driving companies to adopt greener and eco-friendly measures which are driving the innovation in this market. With applications becoming increasingly dependent on the cloud hosted by these data centers, the center's reliability and uptime are crucial. This is driving the market towards replacing the traditional data centers.
The technological innovations coupled with new developments in design are enabling data centers to cut down on emissions and decrease power consumption by almost 80%. These are significant figures which are convincing managers worldwide to invest in the relatively expensive greener technologies and infrastructure to reap considerably higher rewards in the future.
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