Global Modular Data Centre Market Size to grow USD 65.55 Billion by 2030 | CAGR of 19.00%Category: Information & Technology
The global Modular Data Center Market is Expected to Grow at a CAGR of 19.0% during the forecast period 2021 to 2030.
In 2021, the market for modular data was valued at USD 16.56 billion, and by 2030, it is expected to have increased to USD 65.55 billion, with a CAGR of 19.00%. as per the latest research report by Spherical Insights & Consulting.
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The rise in demand for cutting-edge prefabricated and green centre infrastructure across IT and telecom, healthcare, and other industries is the main factor segmenting the market for modular data centres. With modularly built colocation data centres, businesses can simply expand their data halls over time without sacrificing dependability or the freedom to change the environment to suit their needs. Continuous security, environmental optimization, redundancy, concurrent maintainability, carrier neutrality, and many other concepts are important components of the modular service paradigm. As a result, it is envisaged that colocation providers will present a wide range of options for the installation of modular data centres.
Browse key industry insights spread across 189 pages with 120 market data tables and figures & charts from the report “Global Modular Data Centre Market Size, Share & Trends, COVID-19 Impact Analysis Report, by Component (Function Module solutions, and services) By Application ( Emergency Data Storage, Temporary Storage Expansion, Disaster Recovery, Edge Computing, and Others)By Data Center size (Small and Medium Data Centre, and large data centre) By Industry (BFSI,IT & Telecom, Government, Healthcare, Media & Entertainment, Others) and By Region ( North America, Europe, Asia-Pacific, South America, Middle East, And Africa), Analysis And Forecast 2021 – 2030” in detail along with the table of contents. https://www.sphericalinsights.com/reports/modular-data-centre-market
The demand for modular data centres is rising as a result of the growing number of environmental protection and energy consumption regulations put in place by various governments throughout the world. Compared to a single large room, the modular data center's restricted size is easier to cool, and built-in aisle confinement lessens hot and cold air mixing. Building Industry Consulting Service International found that modular data centres are 40% more energy efficient than open data centres (BICSI). Therefore, modular data centres are more energy-efficient than traditional data centres and aid in addressing the inherent need for lower energy use by companies.
With modularly built colocation data centres, businesses can quickly add more data halls over time without sacrificing dependability or the freedom to change the environment to suit their needs. Continuous security, environmental optimization, redundancy, concurrent maintainability, carrier neutrality, and many other concepts are important components of the modular service paradigm. As a result, it is envisaged that colocation providers will present a wide range of options for the installation of modular data centres.
Large businesses struggle with a variety of problems, including higher carbon footprints and increased power consumption. The components such as storage devices, servers, UPS, cooling systems, etc. are fixed in the box, unlike traditional data centres, making modular data centres extremely energy and cooling efficient.
Some Key Developments Offered in the Modular Data Center Market Report:
Dell Inc. introduced the Micro 415, an EMC modular data centre, in February 2020. It offers edge computing-based solutions for processing localised data in a localised manner.
Tigo Tanzania invested over 2.50 billion USD in Paraguay in August 2016 to erect the nation's first state-of-the-art modular data centre.
COVID-19 Impact on the Modular Data Center Market
As the COVID-19 epidemic spreads around the globe, businesses in all sectors are accelerating their digital transformations and turning to technology to help them acclimate to a new normal where disruption can be around every corner. Data centre projects have been using modular construction methods for a while, but COVID-19's consequences will undoubtedly bring them to light. Modular buildings have the benefit of having fewer personnel on the construction site, in addition to cost savings. Due to the COVID-19 epidemic, the already brisk demand for internet services has increased again, necessitating the need for more bandwidth. Throughout COVID-19, there have been multiple occasions when data centres have been built. Google, for instance, has disclosed its growth objectives for 2020. The coronavirus epidemic has done significant damage to the world economy. Businesses have been forced to create a WFH (work from home) policy for their personnel due to the present epidemic crisis.
Global Modular data Center Market, By Components
Function module solutions are predicted to hold the largest market share for modular data centres.
Global Modular data Center Market, By Application
Depending on the application, the market is split into edge computing, temporary storage expansion, disaster recovery, and other categories.
Temporary storage expansion is anticipated to hold the largest market share.
Global Modular data Center Market, By Data Center Size
The small and medium data centre is anticipated to expand at the greatest pace of compound annual growth since more startups and SMEs are investing in cloud services (CAGR).
Global Modular data Center Market, By Industry Analysis
Key market players are focusing on constructing cutting-edge prefabricated data centres to suit the growing demand across the IT and telecom industries.
Global Modular data Center Market, By Region
The global modular data centre market is segmented into 5 primary geographical areas: North America, Europe, Middle East and Africa (MEA), Asia Pacific (APAC), and Latin America. Due to the increased uptake of cutting-edge technologies like edge computing and the Internet of Things, Asia Pacific is predicted to experience the biggest growth.
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Some key Points of the Modular Data Center Market Report are:
- An in-depth global hybrid drivetrain market analysis by the segments, along with an analysis of trend-based insights and factors.
- Profiles of major market players operating in the Modular Data Center market, whichInclude Dell (US), Baselayer Technology (US), Hewlett Packard Enterprise (US), International Business Machines (US), Cupertino Electric (US), Eltek (Norway), ICTroom Company (Netherlands), Vertiv (US), Fiberhome Networks (China)
- Key impact factor analysis across regions includes analysis, along with the drivers,restraints, opportunities, and challenges that are prevailing in the global Modular Data Center market.
- Impact of COVID-19 on the global Modular Data Center market
Global Data Centre Equipment Market, Size Research Report By 2030
Global Data Collection And Labelling Market Analysis Forecast 2030
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