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Modular Data Center Market is Anticipated to Witness High Growth owing to Increasing Need for Data Center Deployments
Modular data centers are standardized, prefabricated and portable data center facilities used by large cloud and telecom service providers across the globe. They offer easy deployment capabilities and provide flexibility to scale up or down as per demand. The increasing adoption of cloud platforms and rising need for data storage have boosted the demand for data centers globally. Modular data center solutions help in reducing deployment time as compared to traditional brick and mortar facilities.
The Global Modular Data Center Market is estimated to be valued at US$ 18.49 Bn in 2024 and is expected to exhibit a CAGR of 24.% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the Modular Data Center are Huawei, IBM, Eaton, Dell, Vertiv, Schneider Electric, Hewlett Packard Enterprise, Cisco, and Rittal. These players are focusing on partnerships and new product launches to strengthen their market position. For instance, in 2022 Huawei launched its next generation Modular Data Center solution to support high density and edge deployments.
The increasing adoption of technologies like artificial intelligence, IoT and 5G is generating massive volumes of data globally. Modular data center solutions help organizations to scale capacity and deploy edge infrastructure in a cost effective manner. They provide an ideal solution for high growth applications requiring flexible data center capacity.
North America and Europe are major markets for modular data centers currently however emerging economies of Asia Pacific are expected to offer highest growth opportunities. Increasing investments in digital infrastructure from cloud and telecom companies will boost deployment of modular facilities across APAC region in the coming years. Major players are expanding their presence in developing nations to tap evolving opportunities.
Market Drivers
Rising deployment of edge computing infrastructure across industries necessitates need for modular and portable data center infrastructure. Edge deployment helps reduce latency and enables real-time data analysis. Edge computing is anticipated to the major market driver.
Organizations are increasingly adopting converged infrastructure solutions to reduce CAPEX and OPEX. Modular facilities help achieve economies of scale through pre-built infrastructure which can be deployed at pace as per changing business needs.
Market Restrains
High initial investments required for modular infrastructure as compared to traditional brick and mortar facilities. Return on investment may take longer time horizon to realize.
Rapid evolution of technologies poses challenge of upgrading solutions periodically. Components may become obsolete faster reducing resale value of modular facilities. This acts as a key market restraint.
Segment Analysis
Modular data center market is divided into Functional Module, Portable/pre-fabricated, and Fixed Module. The Portable/pre-fabricated sub-segment dominates the market as it offers benefits like fast deployment, scalability, and flexibility. These portable data centers can be deployed on-site within weeks to meet the growing demand for IT infrastructure. The pre-built functional modules save both time and money in implementation.
Global Analysis
North America region holds the highest share in the modular data center market currently. This is due to the presence of major modular data center providers and rapid digital transformation across industries. However, Asia Pacific region is expected to grow at the fastest rate during the forecast period. This is attributed to increasing investments by leading cloud providers in setting up cloud regions in APAC countries. Further, the rise of 5G deployment and growing hyperscale developments provide significant opportunities for modular data center growth in this region.
What Are The Key Data Covered In This Modular Data Center Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Modular Data Center's growth between 2024 and 2031.
:- Accurate calculation of the size of the Modular Data Center and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Modular Data Center Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market's competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Modular Data Center vendors
FAQ’s
Q.1 What are the main factors influencing the Modular Data Center?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Modular Data Center companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Modular Data Center’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
Get more insights on this topic: https://www.marketwebjournal.com/modular-data-center-market-trend-size-and-demand-2/
About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
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