The Carbon Neutral Data Center Market Size is valued at 7.46 billion in 2023 and is predicted to reach 35.88 billion by the year 2031 at a 21.87% CAGR during the forecast period for 2024-2031.
The Carbon Neutral data centers are beneficial for reducing an organization’s carbon footprint. The market growth attributes to the ongoing digital transformation in various businesses that have aided the amount of data produced. Besides, the surging imposition of numerous policies & environmental regulations laid in the international climate agreement has further boosted the global Carbon Neutral data center market growth.
Moreover, Carbon Neutral data centers exhibit features and capabilities similar to traditional ones but consume less space and energy and are environmentally friendly. Therefore, carbon neutral data centers are the preferred eco-friendly options.
However, due to the high cost of carbon neutrality and the COVID-19 pandemic, data center operators have seen demand for data storage double and redouble, driven by increasing digitalization and the pandemic itself. The growth in remote work, video conferencing, and internet traffic alone caused by the pandemic have been the major factors for the boosting data centers capacity, increasing the accelerating transition of regions.
Recent Development:
- In March 2022, Normative, a Swedish start-up sponsored by Google, released a free version of its carbon emission tracker as businesses worldwide struggled to manage their carbon impacts.
- In March 2022, Amazon Web Services (AWS) allowed customers to access a tool that measures the carbon footprint of cloud usage and compares it to the expected footprint of a data centre located on-site.
- In May 2022, Alibaba Cloud, the foundation of Alibaba Group’s digital technology and innovation efforts, announced the opening its third sustainable data centre in Germany to meet the growing demand for digital transformation from clients across Europe.
Competitive Landscape:
Some of the Carbon Neutral data center market players are:
- 3M
- ABB Group
- Alibaba Group
- Alphabet Inc.
- com, Inc.
- Cisco System, Inc.
- Dell Inc.
- Digital Realty Trust
- Eaton Corporation plc
- Equinix, Inc.
- FUJITSU
- Hewlett Packard Enterprise Development LP
- IBM Corporation
- Intel Corporation
- Microsoft
- ANS Group Limited
- NEXTDC LTD.
- CYRUS ONE
- DEAC
Market Segmentation:
The Carbon Neutral data center market is segmented on the basis of industry, data center type, and carbon neural solution. Industry segment includes IT and Telecom, Banking, Financial Services, and Insurance (BFSI), Government or Public Sector, Healthcare, Manufacturing, Retail and Others. Based on data center type, the market is segmented as hyper-scale data centers, enterprise data centers, colocation data centers, and others. By carbon neural solution, the market is segmented into Hardware, Software and platforms and Support Services.
Based On Product, The Hyper Scale Data Segment Is A Major Contributor To The Carbon Neutral Data Center Market
Based on type, the Carbon Neutral data center market is segmented into hyper-scale centers, enterprise types, colocation data centers, and others. The hyperscale centers catered to significant demand in the Carbon Neutral data center market. It is mainly owing to the strong growth in demand for data center services continues to be mostly offset by ongoing efficiency improvements for servers, storage devices, network switches, and data center infrastructure, as well as the high and growing share of services met by highly efficient hyper-scale data centers.
IT And Telecom Segment Witness Growth At A Rapid Rate
Based on industry, the Carbon Neutral data center market is classified into the IT and Telecom, BFSI, Government and public sector, healthcare and others. The IT and Telecom segment holds an extensive market share in the Carbon Neutral data center market share. The telecom industry is dependent on data centers as data transmission during internet services requires constant storage and processing, a primary criterion for quality services. Thus, the industry must rely on data center facilities to maintain quality.
The Europe Carbon Neutral Data Center Market Holds Significant Revenue Share In The Region
Over the past few years, Europe has created a substantial share of the Carbon Neutral data center market. It is also expected to have an influential growth rate in the forecasted period. It is mainly due to the implementation of carbon-free energy government policies and digital strategy in the region that has positively influenced the market size of the Carbon Neutral data center.
Carbon Neutral Data Center Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 7.46 Bn |
|
Revenue forecast in 2031 |
USD 35.88 Bn |
|
Growth rate CAGR |
CAGR of 21.87% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
Industry, Data Center Type, And Carbon Neural Solution |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
3M, ABB Group, Alibaba Group, Alphabet Inc., Amazon.com, Inc., Cisco Systems, Inc., Dell Inc., Digital Realty Trust, Eaton Corporation plc, Equinix, Inc., FUJITSU, Hewlett Packard Enterprise Development LP, IBM Corporation, Microsoft, ANS Group Limited, NEXTDC LTD., CYRUSONE, DEAC, and Intel Corporation. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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