Global Modular Data Center Market is expected to foresee significant growth. North America to lead the growth!
- Himanshu Patni
- November 19, 2022
- TELECOM & IT
- Modular Data Center Market, Modular Data Center Market Analysis, Modular Data Center Market Growth, Modular Data Center Market Share, Modular Data Center Market Size, Modular Data Center Market Trends
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Global modular data center market is expected to register a CAGR of around 15% over the period of 2021-2027. This is mainly due to the increasing demand for quickly deployable and scalable data centers along with the upswing in the adoption of cloud services by enterprises. Moreover, the rising demand for environment-friendly data centers followed by the increasing demand for power-efficient solutions will positively stimulate the industry landscape. Modular data centers are modules and compartments that run at a data center site according to industry standards. It provides several benefits such as less time for deployment, low operating cost, mobility, compatibility, scalability, flexibility, and others. Hence, modular data centers are more beneficial for organizations than conventional data centers.
Based on component, the market is segmented into solutions and services. Among these, the solutions segment held a prominent share of the global modular data center market in 2020 and is expected to witness robust growth during the forecast period. This is due to the growing adoption of modular data center solutions offered by key market players and the advantages associated with modular data centers such as less time for deployment, low operating cost, mobility, compatibility, scalability, flexibility, and others.
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Based on organization size, the market is categorized into large enterprises and SMEs. Among these, the large enterprises captured for a significant share of the global modular data center market in 2020 and are expected to witness a robust growth rate during the forecast period. Modular data centers help enterprises with easy and quick deployments, thus helping them to expand their existing data centers, instead of constructing a new ones. They save a lot of time and reduce the cost involved in building and maintenance.
For a better understanding of the market adoption of the modular data center the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America), Europe (Germany, France, Spain, UK, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Rest of World. North America accounted for a prominent share of the global modular data center market and is expected to grow at a steady growth rate owing to the presence of the key modular data center solutions providers and the flourishing information and communication technology industry. In addition, a surge in investments by key players as well as the government for developing the innovative prefabricated data center and rising demand for environment-friendly data centers in the region fuel the growth of the market.
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Some of the major players operating in the modular data center market are Dell Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Baselayer Technology LLC, Vertiv Group Corp., Cannon Technologies Ltd., Box Modul AB, ScaleMatrix Holdings Inc., Schneider Electric SE, BladeRoom Group Ltd.
Global Modular Data Center Market Segmentation
Market Insight, by Component
Market Insight, by Organization Size
- Large Enterprises
Market Insight, by Industry
• Banking and Financial Services
• Information and Communication Technology
• Consumer Goods and Retail
Market Insight, by Region
- North America
- Rest of North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Top Company Profiles
- Dell Inc.
- Hewlett Packard Enterprise Development LP
- International Business Machines Corporation
- Baselayer Technology LLC
- Vertiv Group Corp.
- Cannon Technologies Ltd.
- Box Modul AB
- ScaleMatrix Holdings Inc.
- Schneider Electric SE
- BladeRoom Group Ltd.