The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The green data center market has experienced rapid growth, with the market size surging from $66.68 billion in 2023 to $78.76 billion in 2024, showcasing a robust Compound Annual Growth Rate (CAGR) of 18.1%. The historical growth is attributed to evolving environmental regulations, escalating energy costs, an increasing demand for efficient data storage and management, and various regulations and government initiatives.

Anticipating Swift Growth Ahead

– Projected Surge

The green data center market is poised for swift growth in the coming years, with forecasts indicating an expansion to $163.2 billion by 2028, boasting an impressive CAGR of 20.0%. The expected growth in the forecast period is attributed to the expansion of edge computing, the burgeoning growth of cloud computing, the imperative need to reduce carbon footprints, and the growth of emerging markets. Key trends in the forecast period include innovations in liquid cooling, sustainable materials and design, adoption of water-efficient cooling technologies, and the integration of renewable energy.

Surging Demand For Cloud Computing Sparks Market Growth

– Cloud Computing Catalyst

The escalating demand for cloud computing stands out as a significant driver propelling the growth of the green data center market. Cloud computing, which involves the delivery of various computing services over the internet, is integral to enhancing the environmental sustainability, scalability, and energy efficiency of green data centers. Recent studies indicate a substantial increase in the utilization of cloud services, reinforcing its pivotal role in the market’s trajectory.

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Strategic Moves and Market Expansion

– Dell Technologies and NTT Collaboration

Major players in the green data center market are actively contributing to sustainable solutions. In October 2022, Dell Technologies and NTT collaborated to build a green data center for PhonePe in India. This eco-friendly facility operates on renewable energy and incorporates energy-efficient technologies like liquid immersion cooling. The collaboration aims to provide effective data security, power efficiency, streamlined operations, and cloud solutions while significantly reducing carbon footprints, aligning with global sustainability goals.

– Digital 9 Infrastructure’s Acquisition of Verne Global

In September 2021, Digital 9 Infrastructure, a US-based investment company, acquired Verne Global Ltd. for $320 million. This strategic move underlines the industry’s commitment to expanding data center portfolios and reducing environmental impact. Verne Global Ltd., a UK-based provider of sustainable green data center solutions, becomes a pivotal player in advancing sustainability goals within the data center landscape.

Market Segmentation and Regional Dominance

– Diverse Market Segmentation

The green data center market is segmented by components (Solutions, Services), data center size (Small and Medium-Sized Data Centers, Large Data Centers), and verticals (BFSI, IT and Telecom, Media and Entertainment, Healthcare, Government and Defense, Manufacturing, and Other Verticals). North America emerged as the largest region in 2023 and is expected to maintain its position as the fastest-growing region in the forecast period, emphasizing the region’s pivotal role in driving green data center advancements.

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The Green Data Center Global Market Report 2024  provides comprehensive insights on the green data center market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the green data center market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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