The global market for green data centres is forecast to reach $221.49 billion (£140bn) by 2022, according to a new report.

The paper, by Transparency Market Research, states this is due to an increase of energy efficiency initiatives, government regulations and benefits such as cutting costs.

A green data centre stores, manages and spreads data from mechanical, lighting, electrical and computer systems with maximum energy efficiency and minimum environmental impact.

The global green data centre market was valued at $25.87 billion (£16.58bn) in 2014 and is forecast to grow at 30.8% from 2015 to 2022.

More green data centre solutions are being used in the IT, telecommunication, banking, financial services and insurance (BFSI) sectors.

This has driven the growth of green data centres globally, the report states.

It adds the centres are expected to surge in low temperature regions as new cooling mechanisms are being introduced.

In terms of regional adoption, North America was the key contributor to the global green data centre market in 2014.