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Micro Data Center Market Emerging Growth Analysis, Future Demand and Business Opportunities 2030

09-14-2023 03:16 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Premium Market Insights

Micro Data Center Market

Micro Data Center Market

The "Micro Data Center Market"ssssss size is expected to reach US$ 10,253.85 million by 2030 from US$ 3,650.00 million in 2022, with an estimated CAGR of 13.8% from 2022 to 2030.

A micro data center is a miniaturized modular data center that includes all the computer, networking, storage, cooling, power, and other infrastructure required for a given workload. Micro data centers comprise various components, including computing infrastructure (servers, storage, and networking), power and cooling systems, security mechanisms, and management software. They are available in form factors such as prefabricated modular units, rack-based systems, and containerized data centers. Micro data centers offer flexibility, scalability, and easy deployment, making them suitable for various industrial applications and end users.

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Companies Profiled in this report includes:

• Eaton Group
• Hewlett Packard Enterprise Development LP
• Hitachi Ltd
• Rittal GmbH and Co KG
• Legrand SA
• Zella DC
• Huawei Technologies Co Ltd
• Schneider Electric
• Delta Power Solutions
• Vertiv Group Corp

In past few years, rising adoption of Internet of Things (IoT), content delivery, and 5G have created a surge in demand for low-latency access to data processing and storage. IoT, big data, machine learning (ML), and artificial intelligence (AI) are a few technologies that generate huge volumes of data, require low latency processing, and demand localized computing resources. Data generated by IoT devices must be processed, stored, and analyzed in real time. IoT devices are widely used for connecting various physical objects and enabling data collection and communication. Micro data centers positioned at the edge of the network can provide local computing power, storage, and analytics capabilities, which reduce the latency and bandwidth requirements of transmitting data to a centralized data center. Micro data centers enable real-time decision-making and facilitate IoT deployments across the manufacturing, healthcare, transportation, and smart city industries. Hence, the adoption of micro data centers is rising, leading to a rise in the launch of advanced micro data center offerings.

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Micro Data Center Market Segmentation:

Rack Type:
• Single Rack
• Multi Rack

Organization Size:
• Large Enterprises
• SMEs

End User:
• IT & Telecom
• BFSI
• Retail
• Healthcare
• Manufacturing

The micro data center market is segmented on the basis of rack type, organization size, end user, and geography. Based on rack type, the micro data center market is bifurcated into single rack and multi rack. Based on organization size, the micro data center market is segmented into large enterprises and SMEs. On the basis of end user, the micro data center market is segmented into IT & telecom, BFSI, retail, healthcare, manufacturing, and others. By region, the micro data center market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

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The overall micro data center market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the micro data center market. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the micro data center market.

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