IMARC Group has recently released a new research study titled “Modular Data Center Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028“, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
How big is the modular data center market?
The global modular data center market size reached US$ 24.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 60.0 Billion by 2028, exhibiting a growth rate (CAGR) of 15.4% during 2023-2028. The modular data center represents a portable information processing system with individual purpose-engineered components and modules that are produced at the site of deployment.
Market Outlook:
The individual units vary in load capacity, configuration, scale, and cooling and management system. Modular data centers can be integrated, shipped, or retrofitted into prefabricated information systems or combined into various modules. They operate independently without sharing resources and are commonly used for edge computing, power distribution, disaster backup, and data center expansion. Compared to the traditionally used information centers, these hubs are energy-efficient, standardized, highly scalable, stable, and environment-friendly.
As a result, modular data centers find widespread applications across several sectors, such as transportation, information technology (IT), banking, financial services and insurance (BFSI), healthcare, entertainment, retail, manufacturing, etc.
Market Trends:
The escalating need for cloud computing solutions across medium- and large-scale organizations is among the primary factors driving the modular data center market. Besides this, the emerging trend of the work-from-home (WFH), owing to the sudden outbreak of the COVID-19 pandemic across the globe, is further augmenting the market growth. Moreover, enterprises are increasingly utilizing micro modular data centers with advanced 5G cell towers for improved network connectivity and enhanced data storage capabilities, which is also catalyzing the global market.
Apart from this, the development of power-efficient, compact, and easy-to-deploy green information hubs with minimal carbon footprint, integrated with the internet of things (IoT) and automation systems for enhanced operational efficiency, is acting as another significant growth-inducing factor. Furthermore, the rising improvements in the telecommunication infrastructure and the extensive research and development (R&D) activities are anticipated to propel the modular data center market over the forecasted period.
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Key Market Players:
- BASELAYER Technology LLC (Intermountain Electronics Inc.)
- Cannon Technologies Ltd
- Dell Technologies Inc. (NYSE: DELL)
- Eaton Corporation plc (NYSE: ETN)
- Hewlett Packard Enterprise Development LP (NYSE: HPE)
- Huawei Technologies Co. Ltd.
- International Business Machines Corporation (NYSE: IBM)
- Rittal GmbH & Co. KG
- Schneider Electric SE (OTCMKTS: SBGSY)
- Vertiv Group Corp. (NYSE: VRT)
Explore Full Report Description At: https://www.imarcgroup.com/modular-data-center-market
Market Segmentation:
The report has segmented the modular data center market on the basis of component, data center size, application, industry vertical and region.
Component:
- Solutions
- Services
Data Center Size:
- Small and Medium-sized Data Centers
- Large Data Centers
Application:
- Disaster Backup
- High Performance/ Edge Computing
- Data Center Expansion
- Starter Data Centers
Industry Vertical:
- BFSI
- IT and Telecom
- Retail and Manufacturing
- Healthcare
- Energy
- Media and Entertainment
- Government and Defense
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Explore Report Description with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=4323&flag=C
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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