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Micro Data Center Market Report 2024 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Huawei Technologies, IBM Corporation, Schneider Electric SA, Fujitsu Ltd., ABB Ltd.
Micro Data Center Global Market Report 2024
As per the report, the micro data centers market size has grown exponentially in recent years. It will grow from $5.76 billion in 2023 to $7.48 billion in 2024 at a compound annual growth rate (CAGR) of 30.0%. The micro data centers market size is expected to see exponential growth in the next few years. It will grow to $21.48 billion in 2028 at a compound annual growth rate (CAGR) of 30.2%.
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The Surge In IoT Adoption Fuels Growth In The Micro Data Center Market
The growing adoption of the Internet of Things (IoT) is expected to propel the growth of the micro data center market going forward. The Internet of Things (IoT) refers to the network of physical devices embedded with sensors, software, and other technologies to connect and exchange data with other devices and systems over the Internet. The adoption of IoT (Internet of Things) is due to increased demand for automation, enhanced connectivity, and real-time monitoring capabilities. Micro data centers enhance IoT connections by providing localized, efficient, and secure data processing and storage solutions. They address key challenges, such as latency, bandwidth, security, and scalability, by enabling more effective and reliable IoT deployments across various industries. For instance, in January 2022, according to the GSM Association, a UK-based non-profit industry organization representing the interests of mobile network operators worldwide, the global Internet of Things (IoT) connections are expected to grow from 16.7 billion in 2023 to 25 billion globally by 2025, up from Therefore, the growing adoption of IoT drives the micro data center market.
IoT And Intelligent Cooling To Enhance Micro Data Center Performance and Competitiveness
Major companies operating in the microdata center market are focusing on developing innovative technology, such as intelligent cooling technology, to gain a competitive advantage in the market. Intelligent cooling technology refers to advanced systems and methodologies designed to efficiently manage and optimize the temperature and airflow within data centers, server rooms, and other environments housing critical IT infrastructure. For instance, in May 2021, Schneider Electric, a France-based digital automation company, launched the EcoStruxure Micro Data Center C-Series 43U with intelligent cooling technology. The C-Series 43U enhances reliability, efficiency, and security for edge IT deployments in office spaces, warehouses, and other commercial environments. This advanced data center model intelligently switches between active, eco, and emergency cooling modes based on real-time system requirements. It is designed explicitly for low-to-medium density applications in environments without 24/7 precision cooling, such as supply rooms, IT closets, and office spaces.
The micro data center market covered in this report is segmented -
1) By Component: Solutions, Service
2) By Organization Size: Small And Medium-Sized Enterprises, Large Enterprises
3) By Application: Instant Dc And Retrofit, High Density Networks, Remote Office, Mobile Computing, Other Applications
4) By Industry Vertical: Energy, Colocation, Banking, Financial Services, And Insurance (BFSI), Government, Industrial, Healthcare, Information Technology And Telecom, Other Industry Verticals
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Major companies operating in the micro data center market are Huawei Technologies, IBM Corporation, Schneider Electric SA, Fujitsu Ltd., ABB Ltd., Hewlett Packard Enterprise Co., Eaton Corporation, Vertiv Group Corp., Dell Inc., Iron Mountain inc., Rittal GmbH, Tata Communications, Stulz GmbH, Switch , EdgeConneX, Canovate Group Companies, PI Data Centers Pvt. Ltd., ScaleMatrix Inc., Cannon Technologies Ltd., Hanley Energy LLC, Attom Technology, Advanced Facilities Inc., Rackbank Datacenters pvt. Ltd., ALTRON, Zella DC
Contents of the report:
1. Executive Summary
2. Micro Data Center Market Report Structure
3. Micro Data Center Market Trends And Strategies
4. Micro Data Center Market - Macro Economic Scenario
5. Micro Data Center Market Size And Growth
…..
27. Micro 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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