The market for Modular Data Center Market is expected to reach USD$ 11.5 Bn in 2027.
Globally, the modular data center market is expected to grow with a CAGR of more than 21.8% during the forecast period from 2019 to 2027, starting from US$11.5 Bn in 2018. The modular data center is one of the advanced architectures that provide effective data storage and management facilities to companies operating in several industry verticals. This data center has the capability to handle the data at a faster rate and also has multiple power and cooling options.
Globally, the penetration of digitization has led to the generation of a large amount of digital data that needs to be stored securely. This primary factor drives the growth of the modular data center market. The development of portable and energy-efficient I.T. infrastructure and the benefits of modular data centers supporting this growth of the I.T. environment is also fueling the growth of this market segment. Furthermore, factors such as easy deployment, faster data management, and low cost of maintenance are also contributing to the rate of adoption of modular data centers across various industrial sectors.
However, the presence of alternative data storage facilities, the high cost of installation, concerns regarding high-performance computing, and vendor lock-in are some of the factors that are likely to restrain the growth of the modular data center market during the forecast period.
Based on components, the modular data center market is segmented into software and services. The services segment is projected to witness the fastest growth of around 24.5% during the forecast period. As companies adopt modular data centers, the demand for maintenance and support services increases at a great pace. It is essential to keep the system working to avoid any hindrances or issues which increase the dependency on the support services. Moreover, companies also offer consultation and upgradation services, which enables various industries to adopt advanced I.T.-based tools. These and many such advantages drive the market for service components in the modular data center market.
In the global modular data center market, North America holds the leading position as this region has perceived rapid technological expansion. As the U.S. is considered a technological hub, this regional segment dominates the global market by developing and deploying advanced components in the modular data center market. However, Asia Pacific and the Rest of the World are projected to showcase high growth potential during the forecast period. The I.T. industry in the APAC countries is developing at a rapid pace opening new avenues for the players operating in this region. Moreover, various established players are expanding their presence in emerging countries such as India and China to enhance their business globally. Moreover, rapid urbanization and growing government support to adopt advanced technologies are also fueling the growth of the modular data center market in this region.
Some of the prominent players operating in the modular data center market include Cisco Systems, Inc., Huawei Technologies Co., Ltd., IBM Corporation, Commscope, Inc., Schneider Electric SE, Dell, Inc., Hewlett Packard Enterprise Company, SGI Corporation, Flexenclosure AB, I.O. Data Centers LLC, BladeRoom Group Ltd., Eaton Corporation, Cannon Technologies, STULZ GmbH, and Vertiv Co. among others.
This research report presents the analysis of each segment from 2017 to 2027, considering 2018as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
The modular data center market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global modular data center market based on component, size, application, and geography. Key segments covered in the report are as follows:
Research Period 2017-2027
The base Year 2018
Forecast Period 2019-2027
Historical Year 2017
Unit USD Billion
Segmentation
The market for Modular Data Center Market is expected to reach USD$ 11.5 Bn in 2027.
The Modular Data Center Market is expected to see significant CAGR growth over the coming years, at 21.8%.
The report is forecasted from 2019 -2027.
The base year of this report is 2018.
Huawei Technologies Co., Ltd., IBM Corporation, Commscope, Inc., Schneider Electric SE, Dell, Inc., Hewlett Packard Enterprise Company, SGI Corporation, Flexenclosure AB, I.O. Data Centers LLC. are some of the major players in the global market.