Global Modular Data Center Market was USD 20.36 Billion in 2018 and is projected is to exhibit 18.87% CAGR during the forecast period. The market is projected to be around USD 71.36 Billion by 2026. The market growth is mainly driven by the growing need for energy efficient data centers, with an option of highly secure data center fulfilling industries key requirements. Modular Data Center gives an affordable option to have portable and easily deployable data solution. The growing demand in both developed and developing nation has helped in addressing customer’s capacity needs with a quick deployment time.
Scalability of the Data Centers
Data center operators are in need for a scale-out data center infrastructure, which enables the scaling of data center components as and when the demand rises. The modular data center offers prefabricated modules that address the customer’s capacity requirements within a quick deployment time. It also helps in lowering down the cost of in-house infrastructure. Modular data center solutions can be added to the existing data center architecture, which enables a massively scalable infrastructure.
Growing Cloud Adoption
The growth in Modular Data centers is driven by heavy adoption of cloud-based technologies. In order to store data, cloud system requires efficient data centers where the role of modular data centers comes in. Around 50% of enterprises are expected to adopt applications, platforms and services enabled by cloud in order to drive digital revolution by the end of 2018.
North America region holds the highest market about 40% of total market share. The significant increase in number of data centers is also propelling the demand of modular data centers in developing parts of North America. The USA is likely to continue the biggest market in the region, whereas Canada is likely to be the fastest-growing country within North American Modular Data Centers Market during the forecast period.
Modular Data Center Market Segmentation
The global Modular Data Center Market is segmented into Product Types, Applications, and by Region. On the basis of the product types the market is further bifurcated into 380V/50Hz, 480V/60Hz and Others. By Application Type, the market is classified into Finance, Government and Defense, Telecom, Education and Others. Based on the geography the market is further segregated into North America, Latin America, Europe and Asia Pacific.
Modular Data Center Market Competitive Landscape
The players associated with the global Modular Data Center Market are International Business Machines Corporation, Eaton Corporation PLC, Bladeroom, Cannon Technologies Ltd., Commscope Holding Company, Inc., Dell Inc., Flexenclosure AB, Hewlett Packard Enterprise Development Lp, Rittal GmbH & Co. Kg, Schneider Electric SE, Vertiv Co., Baselayer Technology, LLC, Cisco.
1. This report provides in depth analysis for changing competitive dynamics and keeps you ahead of competitors
2. It provides a forward looking perspective on different factors driving or restraining market growth
3. It provides a ten-year forecast assessed on the basis of how the market is expected to grow
4. It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of various market segments
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