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Modular Data Center Market Growth and Trends By Key Players 2024: IBM, Cisco Systems, Huawei Technologies, Schneider Electric, Baselayer, Hewlett Packard, Dell, Emersion Electric, Flexenclosure AB
Global Market Insights
Modular data center market can be segmented based on functional module solution, deployment size, service, and end use. The industry by functional module solution can be classified into all-in-one and individual functional modules. The functional modules are anticipated to drive the industry owing to the capabilities such as offering flexibility and scalability required by data center operators. They consist of individual modules, which can be used for mechanical and electrical applications. Moreover, they provide users an ease of implementation for customized solutions, benefiting the modular data center market growth.
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Major industries in the modular data center market include BFSI, IT & telecom, healthcare, retail, manufacturing, energy, education, government, defense, media & entertainment, and logistics. The solutions are suitable for IT & Telecom and BFSI sectors for storage and efficiently managing and processing a huge volume of critical and sensitive data. The modular data center market is witnessing a boost owing to the presence of new and advanced modular design procedures with container-based solutions, which can solve critical issues and reduce the time and cost of implementation.
Modular Data Center Market size is expected to witness growth over the forecast timeline owing to improvised scalability and portability coupled with the growing inclination of organizations toward the deployment of modular data centers. In addition, growing adoption of high-performance and energy-efficient data centers and the increasing need to lower the expenses associated with operations is further contributing to the growth of the modular data center market.
Growing inclination of Mobile Network Operators (MNOs) for distributed data centers help in facilitating Network Function Virtualization (NFV) owing to the reduction in size and ease in shipments, fueling the modular data center market growth. In addition, the rising demand to reduce the complexity related to conventional data centers with low Power Usage Effectiveness (PUE) is driving the industry. Inefficient performance measures with a high dependency on suppliers may hinder the growth of the modular data center market. Challenges associated with high-performance computing, vendor lock-in system, and pre-determined sizes, where users are incapable of building a data center based on their preferences are some of the factors limiting the scope of the industry.
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The modular data center market is currently witnessing various technological advancements and innovations along with a considerable number of investments in R&D operations. Advanced scalability and flexibility associated with modular data centers along with the growing demand from enterprises toward its deployment offer significant growth opportunities for the industry growth. Among the latest innovations in the modular data center market, prefabricated data centers featuring increased productivity and reduced costs result in increased operational efficiency. These data centers have high growth potential opportunities among various industries such as BFSI, IT & Telecom, retail, and manufacturing.
North America is expected to dominate the modular data center market owing to the advancements in technology and the high adoption in several industrial sectors. Asia Pacific modular data center market is expected to show a speedy growth pertaining to the rising data traffic and increasing need for deployment of data centers in the economically developing countries such as China and India. In addition, increasing growth of internet-connected users with growing number of SMEs and cloud service vendors is offering significant growth opportunities in the region.
Industry players in the modular data center market include IBM Corporation, Cisco Systems, Inc., Huawei Technologies Co., Ltd., Schneider Electric, Baselayer, Hewlett Packard, Inc., Dell, Inc., Emersion Electric Co., SGI Corporation, Flexenclosure AB, IO Data Centers, LLC, Blade Room, Cannon Technologies, Eaton, GE Industrial Solutions, Celeste, Cancom, Gardener DC solutions, Aceco TI, Stulz, and Equinix.
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Data Center Services Market Analysis, Growth, Application And Forecast to 2024
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https://www.gminsights.com/industry-analysis/datacenter-services-market  
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