Why Micro Data Center Market is growing rapidly? Altron, Canovate Group, Dell, IBM, Huawei Technologies, Hitachi, Vertiv
North America micro data center market will grow significantly over 2019-2025 driven by robust urbanization and digitization trends. The presence of major multinational companies planning on expanding their operational capacities in the U.S. will drive the North America industry. Most huge enterprises in the U.S. require efficient IT infrastructure for business management. The rising need of huge companies and SMBs for portable solutions will fuel the regional micro data center industry share.
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Recent breakthroughs in technology have extended the growth scope of micro data center market, given that they provide users a flexible option for data collection, processing, storage, and assessment. The advent of data centers has shifted the focus of IT industry on the optimum utilization of floor space. Moreover, the rising adoption of edge computing is adding impetus to this business space. Indubitably, edge computing is set for a major leap in the future. According to estimates, companies are currently generating almost 10% of their data outside a conventional data center or cloud, which is estimated to increase to 75% in the coming years.
This escalation in demand can be credited to the increasing data processing needs arising from digital devices deployed across a slew of industries such as healthcare, manufacturing, retail, energy, and finance among others. The rising need for seamless data management will propel the demand for edge computing, thereby boosting the installation of micro data centers at edge locations and enhancing market share.
Prominent industry giants are consistently making investments in portable data center solutions to cater to rising demand from hospitals, IT companies, telecom firms, banking establishments, etc. For example, in March 2019, Schneider Electric had declared the launch of new solutions for micro data centers which combine APC by Schneider's physical infrastructure with Cisco's HyperFlex Edge that delivers efficient, fast deployment in edge environments.
Cisco and Schneider Electric's latest partnership on micro data centers will provide system integrators and IT global channel partners the access to new reference designs for deploying the HyperFlex Edge that can be suitably customized for particular micro data center needs. The rising demand for pre-integrated, physically secure, and remotely monitorable containerized data center solutions and increasing efforts by industry players to provide these services will drive the global micro data center market size.
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It is speculated that almost 70% of micro, small, and medium-sized businesses in developing markets are devoid of favorable credit facilities. Therefore, most of these companies are dependent on IT infrastructure with minimum installation, operational, and maintenance costs in order to reduce their overall capital expenditure. Having said that portable IT facilities like micro data centers are often the ideal solution for SMEs to cut costs without having to compromise on productivity. Additionally, the robust initiatives by the government, especially in developing nations like India and China, to increase the penetration of technology in the business sector will further accelerate micro data center market share.
Some of the other players defining the competitive landscape of micro data center include Advanced Facilities, Inc., Zellabox, Schneider Electric SE, Attom Technology, Eaton Corporation PLC, Panduit Corporation, Delta Power Solutions, Canovate Group, Dataracks, Hewlett-Packard Enterprise Company, STULZ GmbH, Huawei Technologies Co., Ltd., IBM Corporation, Dell Inc., and Vertiv Co.
Table of Contents (ToC) of the report:
Chapter 5. Micro Data Center Market, By Application
5.1. Key trends by application
5.2.1. Market estimates and forecast, 2015 - 2025
5.3.1. Market estimates and forecast, 2015 - 2025
5.4.1. Market estimates and forecast, 2015 - 2025
5.5.1. Market estimates and forecast, 2015 - 2025
5.6.1. Market estimates and forecast, 2015 - 2025
5.7.1. Market estimates and forecast, 2015 - 2025
5.8. IT & telecom
5.8.1. Market estimates and forecast, 2015 - 2025
5.9.1. Market estimates and forecast, 2015 - 2025
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