(Credit: Pixabay) The Global Green Data Center Market size is expected to reach $142.8 billion by 2026, rising at a market growth of 19.7% compound annual growth rate (CAGR) during the forecasted period. That’s according to a new report by ResearchAndMarkets.com. Green data centers are used by IT companies with an aim to minimize environmental impact through determining, scheduling, and installing initiatives around the data center environment. A green data center offers identical features and abilities of a traditional data center but uses a lower amount of energy and space; because of this, green data centers are regarded as eco-friendlier. High demand for data storage management, growing energy cost, and massive electricity consumption are some of the catalysts for market growth, the report notes. Conversely, some of the obstacles to the market growth are low awareness regarding the benefits of a green data center, massive initial cost, and inflexibility with the current data center. With the help of energy-efficient data centers, the operation cost of a data center and consumption of energy in powering the facility and infrastructure can be reduced.