The global Modular Data Center Market size is anticipated to reach USD 75.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 17.2% from 2022 to 2030. The demand for modular data centers is expected to grow owing to growing digital transformation, increasing demand for data analytics, and expansion of edge computing. The COVID-19 pandemic had a positive impact on the modular data center market. Demand for businesses that rely on digital infrastructure increased, which led to significant growth in demand for data center network services in many industries. For instance, India is one of the fastest-growing digital economies in the world.
The
pandemic forced a majority of the workforce to work remotely, which resulted in
a growing number of companies investing in IT services. The need for data
centers has increased over the past few years as a result of this expanding
digitization. The need for scaling up the storage and data processing
requirements have been brought to light by the increased data consumption
during the lockdown. India's developing digital ecosystem is fueled by its more
than 700 million internet users, and more than 1 billion mobile phone users,
increasing social media participation, and a tremendous surge in digital
entertainment, which have consequently led to an increased demand for data
centers in India.
Governments
are increasingly placing a strong emphasis on new technology applications and
energy efficiency metrics when building data centers. On the other hand,
modular data centers’ good performance in terms of energy consumption and the
advantages in terms of construction, planning, and required space are
consistent with governmental policy. Another benefit of a modular data center
is its effectiveness at cooling; according to statistics from Building Industry
Consulting Service International (BICSI), these facilities use 40% less energy
than a standard data center. The Power Usage Effectiveness (PUE) of these kinds
of data centers is consistently cited in the lower ranges of this measure as a
result of lower power consumption.
List
of Key Players in the Modular Data Center Market
- Dell Inc.
- Hewlett
Packard Enterprise Development LP
- Huawei
Technologies Co., Ltd.
- Vertiv Group
Corp.
- Eaton
- Schneider
Electric
- Baselayer
Technology, LLC.
- Rittal GmbH
& Co. KG
- Cannon
Technologies Ltd
- PCX Holding
LLC
Related Press Release@ Modular Data Center Market Report
Modular
Data Center Market Report Highlights
- In terms of
components, the solutions segment accounted for the maximum revenue share
of 80.9% in 2021. This can be attributed to the shorter time to
completion, reduced costs, and easier-to-install modular data center
solutions. The services segment is likely to expand at the highest CAGR of
18.2% over the forecast period. This can be attributed to the increasing
demand for data center infrastructure upgradation
- Based on
organization size, the large enterprises segment dominated the market with
a share of 62.5% in 2021. This can be attributed to the increasing
upgradation of IT infrastructure by large enterprises. The small &
medium enterprises segment is likely to expand at the highest CAGR of 17.8%
over the forecast period owing to a rise in demand for IT-related
analytics
- Based on
industry vertical, the IT & Telecom segment dominated the market with
a share of 29.8% in 2021 and is expected to witness a CAGR of 16.0% over
the forecast period. This can be attributed to the growing digital
transformation
- The
healthcare segment is expected to witness the highest CAGR of 18.6% over
the forecast period. In the healthcare sector, there is an unheard-of need
for patient care capacity, power dependability, and connectivity.
Prefabricated modular data centers, which are self-contained enclosures
that hold IT capability in large, medium, and small amounts, along with
all the necessary power and cooling infrastructure, is one solution that
satisfies these three crucial hospital requirements
- North America
held the largest revenue share of 40.6% in 2021 and is expected to retain
its position over the forecast period. This can be attributed to the
presence of prominent market players in the region. Moreover, developed
technology and data center infrastructure is aiding the market growth of
the region. Asia Pacific region is anticipated to expand at the highest
CAGR of 18.5% over the forecast period owing to developing technology
infrastructure and favorable government policies
- In September
2022, Vertiv launched modular data center infrastructure services and
prefabricated modular data centers in India. Vertiv’s prefabricated
modular data centers in India offer its customers and partners custom-made
solutions to optimize efficiency, scalability, and flexibility
Modular
Data Center Market Segmentation
Grand
View Research has segmented the global modular data center market based on
component, organization size, industry vertical, and region:
Component
Outlook (Revenue, USD Million, 2017 - 2030)
- Solutions
- All-in-one
Module
- Individual
Module
- IT
- Power
- Cooling
- Services
- Design And
Consulting
- Integration
And Deployment
- Maintenance
& Support
Organization
Size Outlook (Revenue, USD Million, 2017 - 2030)
- Large
Enterprises
- Small & Medium
Enterprises
Industry
Vertical Outlook (Revenue, USD Million, 2017 - 2030)
- BFSI
- IT &
Telecom
- Government
& Defense
- Media &
Entertainment
- Healthcare
- Retail
- Others
Regional
Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East
& Africa
- Saudi Arabia
- South Africa
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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