According to the MarkNtel Advisors' research report, "Global Carbon Neutral Data Center Market Analysis, 2021," the market is likely to grow at a CAGR of 23% during 2021-26 due to the surging demand for data centers that can help organizations succeed while maintaining their sustainability. However, it is challenging, primarily due to snowballing development of IT infrastructures across the world placed in different locations & physical environments. Hence, to ensure continuous progress towards carbon neutrality and growing digital transformation, organizations require datacenters' partners who could share their sustainability objectives. Therefore, these factors are predominantly responsible for backing the growth of the Carbon Neutral Data Center market across the globe.
Colocation Data Center Exhibits Fastest Growth
Within the Datacenter type, the market segments Hyperscale Center, Enterprise Type, and Colocation Data Center. Among these segments, the Colocation Data Center is likely to grow significantly during the forecast period owing to the rising trend of digitization transformation and the emergence of various technologies like the internet of things (IoT), artificial intelligence (AI), and extended reality.
The surging number of start-ups having the lesser financial support to own and operate a data center, which supports their operations, is a crucial reason why colocation data centers are becoming a solution for various smaller organizations with data center demands.
"Global Carbon Neutral Data Center Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Carbon Neutral Data Center providers across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
Europe Exhibits Fastest Growth
The European market is likely to register the fastest growth and generate the highest revenue in the Global Carbon Neutral Data Center market during 2021-26 due to consumers' positive attitude toward the carbon-neutral initiatives and various environmental regulations.
Besides this, Europe is one of the coldest regions of the world, and hence, it provides an environment-friendly solution to the data center industry. Additionally, the natural cold climate helps in utilizing naturally cold air & water for cooling operations, thereby reducing the requirement of cooling systems and decreasing the energy consumption in data centers.
Further, European countries have a higher production rate of renewable energy, thereby positively influencing the growth of the carbon-neutral data center market. Thereby, the region is likely to contribute to the Global Carbon Neutral Data Center Market growth in the forecast period, says MarkNtel Advisors in their research report, "Global Carbon Neutral Data Center Market Analysis, 2021."
According to MarkNtel Advisors, the major leading players in the Global Carbon Neutral Data Center Market are 3M Company, ABB Group, Alibaba Group, Alphabet Inc., Amazon.com, Inc., Cisco Systems, Inc., Dell Inc., Digital Realty Trust, Inc., Eaton Corporation plc, Equinix, Fujitsu Ltd, Hewlett Packard Enterprise (HPE), IBM Corporation, Intel Corporation, and Microsoft Corporation.
Key questions answered in the study