Impact of COVID-19 on Carbon Neutral Data Center Industry
COVID-19 has restricted the growth of almost every industry globally owing to the measures such as lockdown and travel restrictions undertaken by the governments. Due to this, the entire supply chain of the carbon neutral data center industry has been negatively affected. This has restricted the flow of various equipment and devices, which are essential for data center operations, due to which many data centers were not able to get commissioned, and many projects were stalled.
The carbon neutral data center industry is estimated to be around $3.46 Billion in 2020 and is projected to grow at a CAGR of 22.17% during the forecast period from 2020-2025.