IMARC Group has recently released a new research study titled “Modular Data Center Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the modular data center market?
The global modular data center market size reached US$ 24.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 60.0 Billion by 2028, exhibiting a growth rate (CAGR) of 15.4% during 2023-2028.
What is meant by modular data center?
A modular data center is a highly adaptable and scalable solution designed to meet the ever-evolving demands of data processing and storage. It is characterized by its modular structure, consisting of prefabricated components that can be easily assembled and deployed as needed. Key features of a modular data center include flexibility, as it allows for rapid expansion or downsizing to match changing requirements. These centers are also known for their energy efficiency, with advanced cooling and power management systems. Security is a paramount concern, and modular data centers incorporate robust physical and digital safeguards.
Furthermore, they often employ advanced monitoring and management tools to optimize performance and ensure reliability. Modular data center provides a cost-effective and resilient solution for organizations seeking to scale their IT infrastructure efficiently while maintaining high standards of security and reliability.
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Modular Data Center Market Growth Drivers and Trends:
The growing focus on energy efficiency and sustainability is a key driver propelling the expansion of the modular data center market globally. In addition to this, the inherent flexibility of modular data centers, which can be easily scaled to meet the needs of both small and large enterprises, significantly contributes to their increasing adoption. Modular designs also allow for quicker deployment compared to traditional data centers, which is an essential factor in today's fast-paced digital landscape.
Technological advancements in cooling systems and energy-efficient power supplies have led to the development of more robust and resilient modular data centers. These improvements not only enhance operational efficiency but also align with the global emphasis on sustainability, thereby further accelerating market growth. The trend toward edge computing, which requires data processing closer to the source of data generation, also favors the compact and mobile nature of modular data centers.
Who are the modular data center companies?
Modular Data Center Companies:
- BASELAYER Technology LLC (Intermountain Electronics Inc.)
- Cannon Technologies Ltd
- Dell Technologies Inc.
- Eaton Corporation plc
- Hewlett Packard Enterprise Development LP
- Huawei Technologies Co. Ltd.
- International Business Machines Corporation
- Rittal GmbH & Co. KG
- Schneider Electric SE
- Vertiv Group Corp.
Modular Data Center Market Segmentation:
The report has segmented the market into the following categories:
Breakup by Component:
- Solutions
- All-in-One Module
- Individual Module
- Services
- Design and Consulting
- Integration and Deployment
- Support and Maintenance
Breakup by Data Center Size:
- Small and Medium-sized Data Centers
- Large Data Centers
Breakup by Application:
- Disaster Backup
- High Performance/ Edge Computing
- Data Center Expansion
- Starter Data Centers
Breakup by Industry Vertical:
- BFSI
- IT and Telecom
- Retail and Manufacturing
- Healthcare
- Energy
- Media and Entertainment
- Government and Defense
- Others
Regional Insights:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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