The Modular Data Center Market Size was estimated at USD 16.56 billion in 2019 and is expected to grow to USD 65.55 billion by 2027, at a CAGR of 19.0%.
The demand for advanced prefabricated and green data center infrastructures across IT & telecom, healthcare, and other industries is primarily what is driving the market size for modular data centers. These cutting-edge data centers help businesses scale up, get denser, and benefit from simple deployment. The development of cutting-edge data centers is expected to receive increased funding from the government and other major players, which will accelerate market expansion. For instance, Google LLC invested about USD 6 billion in the development of eco-friendly data centers and energy-efficient infrastructure systems in February 2018.
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Which company dominates the Global Modular Data Center Market?
- IBM Corporation (California, United States)
- CommScope Inc. (North Carolina, United States)
- Dell, Inc. (Texas, United States)
- HPE Company (California, United States)
- Baselayer Technology LLC (Arizona, United States)
- Vertiv Co. (Ohio, United States)
- Diversitec, Inc. (Virginia, United States)
- Iron Mountain Corporation (Massachusetts, United States)
- Rahi Systems (California, United States)
- Rittal GmbH & Co. KG, (Herborn, Germany)
- Schneider Electric SE (Rueil-Malmaison, France)
- Cannon Technologies Ltd (Hampshire, United Kingdom)
- Stulz GmbH (Hamburg, Germany)
What are the factors driving the growth of the Modular Data Center Market?
One of the main factors driving the market is the increasing adoption of cloud-based products and services. Large organizations and the government are concentrating on implementing cutting-edge cloud applications and solutions. The development of cutting-edge modular data centers equipped with immersive technologies is a top priority for major players in the global market as a result of the need to store a large amount of data. For instance, in January 2019, GI Partners purchased two data centers from NTT Data and made investments in the creation of technology infrastructure. Additionally, CyberPower Systems (USA), Inc. announced the release of Power Panel, a cloud-based program for UPS systems in March 2018. This cloud-based software enables users to monitor and manage unattended computer shutdowns from a distance.
Big data, the Internet of Things (IoT), 5G infrastructure, and other emerging technologies are anticipated to fuel demand for modular data centers.
What are the geographical insights of the Modular Data Center Market?
The market has been split into five distinct regions based on geography: North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
According to analysis, North America is expected to win a significant portion of the market. The development of cutting-edge prefabricated data centers is the main driver of the growth, thanks to the government and other major players' increasing investments in this field. Around 1789 active colocation data centers were expected to be operating in all 50 states of the United States in 2020, according to the Data Center Map. Additionally, Mexico has 10 active colocation data centers and Canada has about 176.
The region with the fastest projected growth will likely be Asia Pacific. A large part of the growth can be attributed to the increase in SMEs and startups in nations like China, India, Indonesia, South Korea, and others.
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An overview of the report
- The report comprehensively analyzes recent and anticipated market trends to help investors find investment opportunities.
- Market predictions through 2030, starting from estimated market values
- Market trends that are significant across industries, regions, and countries
- Market strategies and significant developments observed
- Market dynamics like drivers, obstacles, opportunities, and other trends require
- comprehensive company profiles of significant players, both established and emerging
- Emerging economies are anticipated to grow through 2030.
Analysts have segmented the "Modular Data Center Market" into application, type, and regional segments to aid market participants in better understanding the market. Each element clearly demonstrates the variables that are most likely to have an impact on it and the variables that are anticipated to have a limit. The reader can access specific market updates thanks to the segmented explanation. The market research report on Modular Data Center Market Trends also discusses evolving environmental concerns, shifting political environments, and various government approaches to regulatory reforms.
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