In just five short years, the market for green data centers in the United States will more than triple to $13.81 billion dollars by 2015 from today’s $3.82 billion, according to a forecast from Environmental Leader Insights. During that time, the U.S. Government will emerge as an important market driver. As it seeks to modernize and consolidate its data centers, the government will spend $2.05 billion in 2015, or 14.9% of the total market. With a compound annual growth rate 29%, it will be tough for IT vendors and data center power and cooling equipment firms to avoid aligning their product portfolios to this growing trend.
Recently, a report from Pike Research pegs global green data center spend at $41 billion by 2015 from $7.5 billion today. Either way, market watchers agree that Green IT is growing into a bigger opportunity for innovators that can help businesses keep up with growing data center demand while keeping energy costs in check.
[via Fast Company]
Image credit: Environmental Leader Insights