Modular Data Center market Soars to USD 59.97 Billion, Reflecting Explosive Growth at 18.7% CAGR | Component, Deployment Mode, and Application

Surge in demand for rapidly deployable & scalable data centers and green data centers, increase in need for energy-efficient data centers, and rise in adoption of cloud services by small & medium-size enterprises have boosted the growth of the global modular data center market. However, transportation and vendor lock-in hinders the market growth. On the contrary, rise in demand for modular data centers by colocation providers is expected to open lucrative opportunities for the market players in the future.

As per the report, the global modular data center market was accounted for $14.95 billion in 2019, and is projected to reach $59.97 billion by 2027, growing at a CAGR of 18.7% from 2020 to 2027

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In 2019, the solution segment exhibited the highest growth in the modular data center market share in 2019, and is expected to maintain its dominance in the upcoming years, due to increase in adoption of modular data center solutions driven by several advantages offered by modular data center such as enhanced energy efficiency, mobility, speed & agility, and scalability, in comparison with traditional data center solutions.

Covid-19 scenario:

➢ The pandemic had a low impact on the growth of the modular data center market. Rise in novel technologies including artificial intelligence, big data, and the internet of things has increased the demand for modular data centers.

➢ During the pandemic, several companies invested to develop advanced data centers, which is expected to propel market growth.

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Moreover, rise in investments to develop advanced data centers during the COVID-19 pandemic is considerably propelling the growth of the market. However, challenges associated with transportation of the modular data center and vendor lock-in hampers growth of the market. On the contrary, surge in demand for modular data centers by colocation providers and emergence of fourth generation of data centers are anticipated to provide lucrative growth opportunities for the expansion of the market during the forecast period.

However, the services segment is expected to witness the highest growth, as there has been an extensive adoption of deployment and integration services among end users, as it ensures effective functioning of modular data center solution throughout the process.

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By region, the market across North America held the lion's share in 2019, accounting for more than two-fifths of the market, due to surge in investments by key players as well as the government for developing the innovative prefabricated data center. However, the global modular data center market across Asia-Pacific is projected to portray the highest CAGR of 21.6% during the forecast period, owing to the extensive development of 5G network infrastructure in the region and increase in number of startups and small & medium-sized enterprises.

By industry vertical, the healthcare segment is estimated to portray the highest CAGR of 24.2% during the forecast period, due to unique data demands of the healthcare sectors such as the need to protect sensitive information and stringent compliance requirements. However, IT & telecom held the largest share in 2019, contributing to more than two-fifths of the global modular data center market, as the modular data centers have become a more strategic asset for IT companies as well as telecom operators.

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By component, the solution segment held the largest share in 2019, accounting for more than three-fifths of the global modular data center market. This is due to increased adoption of modular data center solutions driven by several advantages offered by modular data centers such as energy efficiency, mobility, speed & agility, and scalability, in comparison with traditional data center solutions. However, the services segment is expected to register the highest CAGR of 20.5% during the forecast period, as there has been an extensive adoption of deployment and integration services among end-users.

Leading Market Players:

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

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