Modular Data Center Market is expected to grow at a CAGR of 21.4% during the forecasted period | Evolve Business Intelligence

Key Highlights:
• The global Modular Data Center Market size was valued at USD 8.8billion in 2022 growing at a CAGR of 21.4% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Modular Data Center Market size accounted for USD 8.8Billion in 2022, growing at a CAGR of 21.4% from 2023 to 2033. A modular data center is a prefabricated data center that is made up of standardized, interchangeable modules. These modules can be easily assembled, expanded, and relocated to meet the changing needs of an organization. Modular data centers are becoming increasingly popular due to their flexibility, scalability, and reduced time to deployment.

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The Modular Data Center Market is primarily driven by Cost-effectiveness. Modular data centers can offer a lower total cost of ownership (TCO) compared to traditional data centers. This is due to their lower upfront costs, faster deployment times, and reduced operational expenses. Modular data centers can also help organizations defer capital expenditures, as they can be purchased and deployed in increments as needed.

Key Players
Some of the major Modular Data Center Market players holding high market shares include BladeRoom Group Ltd, Flexenclosure AB, Schneider Electric and Cannon Technologies Ltd. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Hewlett Packard, Enterprise Company, Dell Technologies Inc., Huawei Technologies Co. Ltd and IBM Corporation.

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Segmental Analysis
Based on Size, the Modular Data Center Market is segmented into Mid-Sized, Large Enterprises. The Mid-Sized category generated the most income. These businesses are implementing affordable, scalable solutions. Many Mid-Sized included in our report's Business Profiling section provide creative modular Data Center solutions, including considerable solar power consumption and the development of prefabricated data centers on the moon and beneath the sea.
Based on End User, the Modular Data Center Market is segmented into BFSI, IT and Telecom, and Healthcare. IT and Telecom held the largest segment share. To meet the increasing demand across the IT & telecom sectors, prominent market participants are concentrating on creating cutting-edge prefabricated data centers.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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