Green Data Center Market Is Estimated To Exceed USD 213.39 Billion By 2030 By CIOTechOutlook Team

Green Data Center Market Is Estimated To Exceed USD 213.39 Billion By 2030

CIOTechOutlook Team | Monday, 21 August 2023, 11:56 IST

The size of the global green data center market was estimated at USD 61.04 billion in 2022 and is anticipated to grow to USD 213.39 billion by 2030, at a CAGR of 17.2%. This data is provided in the most recent study from Fortune Business Insights, "Green Data Center Market Forecast, 2023-2030."

Modern technologies like Machine Learning (ML) and Artificial Intelligence (AI) are being employed more and more in green data centers to automate various processes and lessen their carbon footprint. Companies are increasing their demand for data center services as digital transformation permeates numerous industries worldwide. Data center owners are attempting to solve these issues by integrating AI and ML technologies into their infrastructure, which is propelling market expansion.

However, hefty startup costs and the high cost of changing the current infrastructure could stymie industry growth. Given the abundance of data centers in the region, North America is predicted to hold the greatest market share for green data centers. The number of investments from hyperscale data center operators and colocation service providers in the region has also increased noticeably.

The market in Asia Pacific is also predicted to experience a sizable CAGR throughout the forecast period as a result of the region's rapidly expanding IT industry.