Press release
Modular Data Center Market Size, Share Analysis, Growth Trends And Forecast 2024-2033
Modular Data Center Market
The Business Research Company offers in-depth market insights through Modular Data Center Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The modular data center market size has grown rapidly in recent years. It will grow from $29.54 billion in 2023 to $34.73 billion in 2024 at a compound annual growth rate (CAGR) of 17.6%. The growth in the historic period can be attributed to need for scalable and flexible data center solutions, rapid deployment and time-to-market advantages, growth in edge computing and iot applications, energy efficiency and green data center initiatives, adoption of containerization and virtualization technologies.
The modular data center market size is expected to see rapid growth in the next few years. It will grow to $71.05 billion in 2028 at a compound annual growth rate (CAGR) of 19.6%. The growth in the forecast period can be attributed to increased adoption in edge and remote locations, expansion of 5g networks and edge computing, demand for sustainable and eco-friendly data centers, growth in modular data center solutions for disaster recovery, integration of advanced cooling and power management technologies. Major trends in the forecast period include adoption of prefabricated and plug-and-play modular data centers, development of micro data centers for specific use cases, use of modular data centers for temporary or mobile deployments, integration of artificial intelligence for predictive maintenance, emphasis on modular data center security and compliance.
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Market Segmentation:
The modular data center market covered in this report is segmented -
1) By Component: Solutions, Services
2) By Organization Size: Small and Medium-sized Enterprises, Large Enterprises
3) By Vertical: Banking, Financial Services and Insurance (BFSI), IT and Telecommunication, Media and Entertainment, Healthcare, Government and Defense, Retail, Manufacturing, Other Verticals
Major Driver - Environmental Regulations And Energy Efficiency Initiatives Boosting Modular Data Center Market Growth
Increasing environmental protection and energy consumption regulations are expected to propel the growth of the modular data center market going forward. The energy consumption performance of modular data centers, as well as the benefits in construction, planning, and required space, are in line with government policy directions. The newly constructed data centers have benefited in terms of construction time, energy consumption, and cost. Modular data centers are intended to deal with server changes such as cloud computing, virtualization, centralization, and high density, as well as to improve data center operation efficiency, reduce energy consumption, and achieve the goal of rapid expansion and zero interference. For instance, The European Commission is looking into other ways to increase the energy efficiency of data centers and cloud computing. Data center operations in the European Union are also anticipated to achieve carbon neutrality by 2030 under the terms of the European Green Deal. Therefore, increasing environmental protection and energy consumption regulations will drive the modular data center market growth.
Competitive Landscape:
Major companies operating in the modular data center market report are The International Business Machines Corporation, Huawei Technologies Co. Ltd., Dell Technologies Inc., Hewlett Packard Enterprise., Baselayer Technology LLC, Vertiv Group Corp., Schneider Electric SE, Cannon Technologies Ltd, Rittal Gmbh & Co. KG, Instant Data Centers LLC, Colt Group SA, Bladeroom Group Ltd., Diversitec Inc., Iron Mountain Inc., Rahi Systems Pvt Ltd., Eaton Corporation, EdgeConneX Inc., Flexenclosure AB, Green Datacenter AG, Hitachi Vantara Corporation, IO Data Centers, MDC Stockholm AB, Nortek Air Solutions, Panduit Corp., PCX Corporation, STULZ GmbH, Sunbird Software, Telenetix Private Limited, TSI Incorporated., Uptime Institute LLC., Vapor IO Inc., ZTE Corporation, ZutaCore Inc.
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Top Trend - Technological Advancements Transforming The Modular Data Center Landscape
Technological innovation is the key trend gaining popularity in the modular data center market. Major companies operating in modular data centers are focusing on integrating new technologies into their product offerings to increase the efficiency of their data centers. For instance, in June 2022, Schneider Electric SE, a France-based company that specializes in digital automation and energy management launched a speedier prefabricated data center service in Europe. Under the ""Easy Modular Data Center All-in-One"" brand, Schneider would deliver prefabricated containerized data centers from 27kW to 80kW produced at its Barcelona factory, with a streamlined ordering process. As opposed to engineer-to-order (ETO), the boxes are now available on a configure-to-order (CTO) basis, effectively moving toward standardized configurations that may be ordered from a catalog. For Edge sites or smaller users, the Easy prefabricated series of containers are ISO standard sized and may be delivered in as little as 12 weeks.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Modular Data Center Market Characteristics
3. Modular Data Center Market Trends And Strategies
4. Modular Data Center Market - Macro Economic Scenario
5. Modular Data Center Market Size And Growth
…..
27. Modular Data Center Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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