Press release
Modular Data Center Market Analysis and Industry Forecast, 2020-2027
Modular Data Center Market 2027The global modular data center market size was valued at USD 14,952 million in 2019 and is projected to reach USD 59,971 million by 2027, registering a CAGR of 18.7% from 2020 to 2027. Benefits such as scalable data center capacity along with a range of cooling and power options offered by the modular data center are expected to increase the adoption thereby driving the growth of the modular data center market.
Modular Data Center Market Trends
The global modular data center market is expanding as a result of rising demand for quickly deployable and scalable data centers. Additionally, a number of reasons, including an increase in small and medium-sized businesses (SMEs) usage of cloud services, the rising need for green data centers, and rising demand for energy-efficient data centers all significantly contribute to the market's expansion.
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Additionally, the COVID-19 pandemic's increased investments in the construction of cutting-edge data centers have significantly accelerated the Modular Data Center Market expansion. The modular data center's transportation issues and vendor lock-in, however, restrict market expansion. On the other hand, the rapid development in demand for modular data centers among colocation providers and the introduction of the fourth generation of data centers is anticipated to present the market with chances for expansion soon.
Big data analytics, the Internet of Things, and the fourth industrial revolution all call for flexible IT resources. Additionally, the data center business has seen consistent expansion as a result of rapid digitalization and an increase in cloud computing use. This has caused a greater emphasis to be placed on data center capacity deployment speed and efficiency. Additionally, the modular construction methods for medium- or large-scale data centers allow quick deployment, high-quality construction, and simple operation. As a result, the Modular Data Center Market is growing due to the desire for quickly deployable and scalable data centers.
The Modular Data Center Market is expanding as a result of SMEs' increased use of cloud services. Over the past few years, cloud computing has developed into an emerging technology that has eliminated the cost of obtaining licensed software and bulky hardware, which is better for SMEs. The adoption of cloud services is growing quickly among SMEs since it allows these businesses to focus on their key business activities and hence increases productivity. Additionally, SMEs have gained a competitive edge and access to infinite processing power thanks to the adoption of cloud services, which also results in cheaper IT costs. Data centers that are modular are made to adapt to server changes like cloud computing and virtualization.
Modular Data Center Market Share Analysis
Services are predicted to be the most profitable segment by component.
Small and medium-sized businesses are predicted to be one of the most lucrative groups based on enterprise size.
According to the industrial vertical, the healthcare sector is one of the most important subsectors.
The Asia-Pacific region is anticipated to be one of the most important segments.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the modular data center market along with current trends and future estimations to elucidate imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of modular data center market for the period 2020-2027 is provided to determine the market potential.
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KEY MARKET SEGMENTS
BY COMPONENT
Solution
Services
BY Enterprise Size
Small & Medium Enterprises
Large Enterprises
BY INDUSTRY VERTICAL
BFSI
IT & Telecom
Retail
Manufacturing
Healthcare
Energy
Media & Entertainment
Government
Others
BY REGION
North America
U.S.
Canada
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY MARKET PLAYERS
BASELAYER
CommScope, Inc.
Eaton
Dell Inc.
Hewlett Packard Enterprise Development LP
Huawei Technologies Co., Ltd.
IBM Corporation
Rittal
Schneider Electric SE
Vertiv Group Corp.
SIMILAR REPORT
https://reports.valuates.com/market-reports/QYRE-Auto-31T7724/global-advanced-modular-data-center
https://reports.valuates.com/market-reports/QYRE-Auto-12H2772/covid-19-impact-on-hyperscale-data-center
https://reports.valuates.com/market-reports/QYRE-Auto-8C2448/global-green-data-center
Valuates Reports
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