Modular Data Center Market Size To Reach USD 59,971 Million By 2027 at a CAGR of 18.7%

The global modular data center market size was valued at USD 14,952 Million in
2019 and is projected to reach USD 59,971 Million by 2027, registering a CAGR
of 18.7% from 2020 to 2027.

Major factors driving the growth of modular data center market size

* Increase in demand for rapidly deployable & scalable data centers.
* Upsurge in the adoption of cloud services by small & medium-size
enterprises (SMEs), rise in demand for green data centers, and increase in
demand for energy-efficient data centers.

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TRENDS INFLUENCING THE GROWTH OF MODULAR DATA CENTER MARKET SIZE

An increase in demand for rapidly deployable & scalable data centers is
expected to drive the growth of modular data center market size. Since it is a
compact device that can be easily stationed anywhere to support customers'
existing data centers or be built into a system of modules, modular data
centers are an effective alternative to conventional brick and mortar data
centers. Furthermore, when rapid provisioning is needed, traditional brick and
mortar data centers can stifle growth due to lengthy construction timelines
and higher TCO. Modular data centers help you account for rapidly changing
business environments by bypassing traditional complexities and leveraging
your space more efficiently.

An upsurge in the adoption of cloud services by SMEs is expected to drive the
growth of modular data center market size. The use of cloud services by SMEs
is rapidly growing, as it allows them to focus on their most critical business
activities, resulting in improved productivity. Furthermore, cloud adoption
has provided SMEs with advantages such as limitless computing capacity, lower
IT costs, fast access to data and applications, and competitive advantage.
This rise in demand for cloud computing is, in turn, fueling the growth of
modular cloud computing market size.

Problems such as modular data center transportation and vendor lock-in are
impeding market development. However, an increase in demand for modular data
centers by colocation providers and the advent of the fourth generation of
data centers are expected to provide lucrative growth opportunities for the
industry.

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MODULAR DATA CENTER MARKET SHARE

Due to increased acceptance of modular data center solutions and benefits
associated with modular data center solutions such as improved energy
efficiency, versatility, speed & agility, and scalability, in comparison to
conventional data center solutions, the solution segment exhibited the highest
growth in 2019 and is expected to sustain its dominance in the coming years.

The global modular data center market share was dominated by the large
enterprises' segment in 2019, and this pattern is expected to continue during
the forecast years. This is due to a variety of issues associated with larger
organization's higher carbon footprint and higher power usage, which drives
demand for modular data center solutions.

Because of the large presence of leading modular data center providers and the
thriving IT & telecom industry, North America dominates the modular data
center market share. Furthermore, the market's growth is fuelled by an
increase in investments from key players as well as the government in the
production of advanced prefabricated data centers.

In terms of industry vertical, the IT & telecom industry produced the most
revenue in 2019, but the healthcare industry is projected to expand at the
fastest pace over the forecasted period.

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KEY MARKET SEGMENTS

By Component

* Solution
* Services

By Enterprise Size

* Small & Medium Enterprises
* Large Enterprises

By Industry Vertical

* BFSI
* IT & Telecom
* Retail
* Manufacturing
* Healthcare
* Energy
* Media & Entertainment
* Government
* Others

By Region

* North America

* U.S.
* Canada

* Europe

* UK
* Germany
* France
* Russia
* Rest of Europe

* Asia-Pacific

* China
* India
* Japan
* Australia
* Rest of Asia-Pacific

* LAMEA

* Latin America
* Middle East
* Africa

Key Market Players

* BASELAYER
* CommScope, Inc.
* Eaton
* Dell Inc.
* Hewlett Packard Enterprise Development LP
* Huawei Technologies Co., Ltd.
* IBM Corporation
* Rittal
* Schneider Electric SE
* Vertiv Group Corp

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