Press release
Modular Data Center Market worth USD 59,971.0 million by 2027
The global modular data center market size is expected to grow from USD 18,084.0 million in 2020 to USD 59,971.0 million by 2027, at a CAGR of 18.7% during the forecast period. Data centers have become an essential part of modern computing infrastructures around the globe. In addition, as more organizations are turning to cloud solutions, colocation services, and compliance assurances, the number of data centers is projected to grow significantly in upcoming years. Even with developments in sustainable energy solutions, small and large data centers consume huge amounts of power. For instance, according to the Natural Resources Defense Council, data center electricity consumption was anticipated to increase to over 140 billion kilowatt-hours annually by 2020, an equivalent annual output of about 50 power plants.
Browse 211 market data Tables and 63 Figures spread through 234 Pages and in-depth TOC on "Modular Data Center Market Research Report 2021-2027."
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Global Modular Data Center Market Segmentation
The overall modular data center market has been segmented into components, organization size, industry vertical, and region.
• By Component (Solution and Services)
• By Organization Size (Large Enterprises and Small & Medium Enterprises)
• By Industry Vertical (Manufacturing, Healthcare, Automotive, Media & Entertainment, Transport & Logistic, Government, and Others)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)
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Large enterprises, by enterprises size, is estimated to hold the largest market share during the forecast period
The modular data center market is divided into large enterprises and small & medium enterprises. The large enterprise segment was the highest contributor to the market, with a market share of 60.1% in 2020. Large enterprises considered here are organizations with annual revenue higher than USD 1 billion and employee strength of more than 1,000. These enterprises are exploring innovative ways to transform their processes effectively. They are increasingly adopting business analytics to deliver a variety of services and respond quickly to customers. Furthermore, business analytics software enables large enterprises to securely drive productivity & efficiency, increase profitability, and help take real-time data decisions.
In addition, the ever-increasing data storage needs have pushed large enterprises to implement large data centers with highly scalable infrastructure. This has led to the increased adoption of the modular data center as an effective solution in facilitating large data center providers with dynamic management and monitoring of resources to meet large enterprises' growing data storage needs. Moreover, modular data center solutions help large enterprises to maintain high availability with a significant reduction in downtime—such features and benefits offered by modular data centers significantly drive modular data center adoption in large enterprises.
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North America accounts for the largest market share in the modular data center market 2020
Based on the regions, the global modular data center market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. North America is accounted for the largest market share in 2020. In North America, the modular data center market is analyzed across the U.S. and Canada. The modular data center landscape in this region is continuously evolving. Overall, data center expenditure continues to grow rapidly across the U.S. and Canada, along with the major adoption of modular data center solutions in BFSI, healthcare, retail, and government sectors. In addition, North America is expected to be the leading region in terms of adoption and the development of modular data center solutions, owing to the presence of key market players, thereby making it a competitive market.
The major factors driving the growth of the North American modular data center market include the huge presence of leading modular data center providers and the rapid expansion of the IT & telecom industry. In addition to this, a surge in investments by key players and the government for developing the innovative prefabricated data center fuels growth of the market. For instance, in February 2018, EdgeCore Internet Real Estate announced plans to invest USD 2 billion in the North American data center market.
Some of the major players in the global market of the modular data center are CommScope, Inc., Eaton, Dell Inc., BASELAYER, Huawei Technologies Co., Ltd., Hewlett Packard Enterprise Development LP, IBM Corporation, Rittal, Schneider Electric SE, and Vertiv Group Corp.
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