A data center is a building or part of a building containing computers and networking devices that support the business units and the IT infrastructure of a company/organization. With the increase in data generation and accumulation, almost every type of industry and organization relies on data centers for storing and accessing information or data pertaining to their business operations. This information is usually very crucial to their daily operations as well as act as key resources for their strategy development. Hence, data centers are highly valued in today’s businesses especially for its four crucial benefits in data management i.e., 24/7 backend support, risk mitigation, cost reduction, and security. These data centers require a continuous power supply for operations, and due to the high-power requirements, data centers also release carbon emissions. Carbon neutral data center, on the other hand, is a data center that release negligible to zero carbon emissions. According to the International Energy Agency (IEA), the data centers consume almost 250 TWh of electricity, which was almost 1% of the total electricity consumed globally, in 2019. This power is sourced majorly from non-renewable energy sources significantly mitigating greenhouse emissions and global warming.

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5 Markets - Competitive Benchmarking & Company Profiles

6 Research Methodology