Sellbyville, DE -- (SBWIRE) -- 10/09/2018 -- The segmentation of green data center market by component indicates that the solutions segment dominates in terms of revenue by over 76%. The high growth of the segment is largely attributed to the high demand for management software solutions, which allow the operator to identify the faults in the high-power usage and recommend preventive measures. The software also allows to identify unevenness in cooling and locate servers and devices, which consume energy that is above their required threshold.

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The BFSI sector in the green data center market valued at over USD 900 million in 2017 is witnessing a rapid growth globally with the growing number of financial organizations adopting digitalization. Traditional data handling techniques that involved paper documents are being replaced by modern digital technologies for higher efficiency, lower redundancies, and faster computation. This has led to a rise in the demand for highly efficient data center infrastructures that ensure the safe storage of the ever-increasing data. The flourishing BFSI industry will provide lucrative growth opportunities to the green data center market growth.

The networking solutions in the green data center market will grow substantially with a CAGR of around 27% due to the rising demand for these solutions to minimize the power consumption. The conventional network infrastructure ensures interconnection of physical and network-based equipment and devices within a facility that consumes over 65% of the overall power. Moreover, there is a growing trend of virtualized networking environments. Network virtualization is being increasingly implemented by enterprises to reduce costs, improve efficiency, and enhance agility.

The green data center market in Asia Pacific will experience a strong growth of over 30% from 2018 to 2024 owing to the widespread adoption of cloud and IoT technologies in countries such as China and India. The rapid growth in the number of startups in India coupled with the favorable government initiatives such as Make in India will support the green data center market growth in the country. The booming industrial sector in Japan is demanding high performance equipment for mounting volumes of data from connected factories. The rise in the number of smartphone users in China are also demanding data center set ups for data storage. Infocomm Media Development Authority (IMDA) has collaborated with government agencies to develop a Singapore Standard for green infrastructure under the IT standards committee.

The colocation end-use segment is the largest consumer in the green data center market and has a growth rate of approximately 30%. There is a substantial rise in the number of SMEs, which have inadequate financial funds to host their own infrastructures. Additionally, the rise of cloud technologies and improvements in broadband speeds are boosting the colocation sector. The adoption of energy-efficient solutions allows these organizations to gain higher control over their spending on the various assets such as HVAC and networking.

Rapid industrial boom increase in outsourced IT services, activities, and government support for local manufacturing have led to the rise in SMEs in the South-East Asian regions, primarily among countries including China and India, fueling the green data center market growth. For instance, Singapore is anticipated to witness a strong growth in the coming years owing to the push from Infocomm Media Development Authority (IMDA) toward the construction of vertical green buildings to house data centers. In light of this, the government agency has entered into a partnership agreement with Keppel Data Centres and Huawei International to explore and understand the technical feasibilities of such structures, generating a demand for the green data center market.

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The green data center comprises players such as Modius Inc., Hewlett-Packard, Microsoft, Verne Global, Colocation America, IBM Corporation, Airedale Air Conditioning, 3M, Colocation America, Inc., Dell Inc., Equinix Inc., Ericsson, Fujitsu, Siemens AG, APC by Schneider Electric, Bend Broadband, Eaton Corporation, EcoDataCenter, General Electric, Google Inc., Green House Data, HCL Technologies Limited, Hitachi, Ltd., Huawei Technologies Co. Ltd., PCCW Solutions Limited, Tech Mahindra Limited, Verne Global, Vertiv Co., Amazon.com, Inc., Apple Inc., AT&T, Inc, Berkshire Hathaway, Citi Group, Facebook, Inc., JPMorgan Chase, NTT Communications Corporation, Oracle Corporation, SAP SE, Telefonica S.A., Unisys, Verizon, Wipro Limited

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