Green Data Center Market Size Worth $289.20 Billion By 2032 | CAGR: 19.40%

The global green data center market size is expected to reach USD 289.20 billion by 2032, according to a new study by Polaris Market Research. The report “Green Data Center Market Share, Size, Trends, Industry Analysis Report, By Component (Solution, and Services); By Size of Enterprise; By End-Use Industry; By Region; Segment Forecast, 2024- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Green data centers embody a visionary approach to computing, harmonizing technological advancement with ecological stewardship. While there are challenges to overcome, the benefits far outweigh the constraints. As the imperative for sustainable practices in the digital age intensifies, green data centers stand as beacons of hope, illuminating a path towards a more environmentally conscious and technologically advanced future.

Data centers are progressively integrating renewable energy sources like solar, wind, and hydroelectric power. Furthermore, few countries are directing investments toward local green data centers, motivated by the escalating significance of data sovereignty and privacy. This trend underscores a rising demand for sustainable practices in data management. These countries prioritize keeping citizen data within their borders and under their control. Green data centers play a pivotal role in helping these nations comply with regulatory mandates while mitigating security risks and reducing environmental impact through advanced energy-efficient technologies. Therefore, the construction of green data centers may be actively encouraged or even mandated in countries striving to meet their environmental goals.

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The market's growth is driven by a strong focus on mitigating carbon emissions, minimizing energy usage, and maximizing resource efficiency. This increased demand is bolstered by a heightened awareness of climate change and a growing urgency for environmental sustainability, which drives the need for advanced, energy-efficient, and environmentally friendly solutions across diverse applications, including data centers.

Additionally, global regulatory bodies and governments are applying pressure for the widespread adoption of energy-efficient solutions, adding momentum to the market's expansion.

Green Data Center Market Report Highlights

• Services segment is expected to grow at a highest CAGR during the projected period, on account of increasing environmental awareness and cost efficiency
• Large enterprises segment accounted for largest market share in 2022, which is mainly driven by higher performance, and flexibility
• BFSI segment held the significant market revenue share in 2022, mainly due to rise of consciousness in risk management
• North America region dominated the market with majority share in 2022, owing to rising R&D investments
• The global key market players include ABB Ltd., Cisco Systems, Inc., Dell Technologies, Inc., and Huawei Technologies Co., Ltd.

Polaris Market Research has segmented the green data center market report based on component, size of enterprise, end-use industry, and region:

Green Data Center, Component Outlook (Revenue - USD Billion, 2019 - 2032)

• Solution
• Services

Green Data Center, Size of Enterprise Outlook (Revenue - USD Billion, 2019 - 2032)

• Large Enterprises
• Small & Medium Enterprises

Green Data Center, End-Use Industry Outlook (Revenue - USD Billion, 2019 - 2032)

• BFSI
• Healthcare
• Government
• IT & Telecom
• Retail
• Manufacturing
• Others

Green Data Center, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Green Data Center Market Report Scope