Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 28.03 Million | USD 114.46 Million | 16.92% | 2023 |
According to Zion Market Research, the global Modular Data Center Market was worth USD 28.03 Million in 2023. The market is forecast to reach USD 114.46 Million by 2032, growing at a compound annual growth rate (CAGR) of 16.92% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Modular Data Center industry over the next decade.
Modular data center is a portable process of installing data center capacity. It can be deployed at any location where there is a huge necessity of data capacity. It comprises of purpose-driven modulus and parts and provides expanded data center capacity having a variety of energy as well as cooling alternatives.
The escalating popularity of portable & power conserving information technology infrastructure facility will impel the expansion of modular data center industry over the estimated timeframe. Today, myriad business tycoons are keen to enhance the proficiency and seamlessness of their IT functionalities and this, in turn, will create a humungous demand for modular data center.
The world is experiencing a paradigm shift in the software business and there is instantaneous digitization of the IT processes. This, in turn, will culminate in the increased demand for modular data centers. With myriad benefits offered by the modular data centers along with scalability and ease of installation of these data centers is likely to enlarge the scope of the business.
The modular data center market is experiencing significant growth due to several key factors. One major driver is the increasing demand for scalable and flexible IT infrastructure, as businesses need data centers that can quickly adapt to growing data processing and storage requirements. The rise of cloud computing, big data analytics, and edge computing has also fueled demand for modular solutions that can be deployed rapidly and efficiently in diverse locations.
Additionally, energy efficiency is a critical concern for data centers, and modular designs offer optimized power and cooling systems that reduce energy consumption, making them a cost-effective and sustainable option. The need for quick deployment in industries like telecommunications, banking, and healthcare, which require continuous and reliable data services, is another growth factor.
Lastly, the market is also benefiting from increasing digitalization efforts in emerging economies and the growing focus on disaster recovery and remote IT infrastructure, which further boosts the adoption of modular data centers due to their portability and flexibility.
Report Attributes | Report Details |
---|---|
Report Name | Modular Data Center Market |
Market Size in 2023 | USD 28.03 Million |
Market Forecast in 2032 | USD 114.46 Million |
Growth Rate | CAGR of 16.92% |
Number of Pages | 110 |
Key Companies Covered | Flexenclosure AB, Cisco Systems, Inc., Cannon Technologies, Baselayer Technology, STULZ GmbH, Schneider Electric SE, IBM Corporation, Vertiv Co., Huawei Technologies, IO Data Centers LLC, Emerson Network Power HP, Dell, SGI Corporation, and Eaton Corporation |
Segments Covered | By Component, By Application And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Moreover, aspects such as high-density offering, energy conservation, and substantial time & cost savings will boost the business space.
The modular data center market can be segmented into component and application.
Component wise, the modular data center market is segregated into solutions and services.
Application wise, the industry is classified into IT & telecom, industrial, BFSI, energy, healthcare, and government & defense.
Based on the region, the modular data center market can be divided into five main regions: Latin America, North America, the Middle East, and Africa, Europe, and the Asia Pacific. North American industry is predicted to contribute tremendously towards the overall market revenue. The surge in the regional market can be accredited to rise in the data center establishments and launching of new technologies in the countries such as Canada and the U.S. Tough business competition between the giant players has resulted in low-cost product offerings with high quality. Additionally, penetration of IoT technology and Big Data is likely to result in the need for next-gen modular data centers with higher IT capacity & scalability. This, in turn, will boost the business growth trends in North America.
Asia Pacific industry will witness a steadfast growth with rising in the usage of information technology in small & medium scale firms. Introduction of favorable schemes by the government along with the growing trend to expand the business while incurring minimal expenditure will result in the surge in the velocity of the market growth.
Growing ecological concerns has led to the adoption of modular data centers in the countries of the European Union, thereby driving the European modular data center market earnings.
Few of the giant firms operating across modular data center market are
The global modular data center market is segmented as follows:
By Functional Module Solution:
By Individual functional module
By Service:
By Data Center Size:
By Tier Type:
By Industry:
FrequentlyAsked Questions
Modular data center is a portable process of installing data center capacity. It can be deployed at any location where there is a huge necessity of data capacity. It comprises of purpose-driven modulus and parts and provides expanded data center capacity having a variety of energy as well as cooling alternatives.
The services in the modular data center market comprise installation & deployment, consulting, and infrastructure management. Here, the installation & deployment segment is predicted to have the biggest share of the global market in the years to come.
According to a study, the global modular data center Industry size was $28.03 Million in 2023 and is projected to reach $114.46 Million by the end of 2032.
The global modular data center market is expected to grow at a CAGR of 16.92% during the forecast period.
North America has grabbed the biggest pie of the global market and is expected to maintain the same condition in the years to come.
Few of the giant firms operating across modular data center market are Flexenclosure AB, Cisco Systems, Inc., Cannon Technologies, Baselayer Technology, STULZ GmbH, Schneider Electric SE, IBM Corporation, Vertiv Co., Huawei Technologies, IO Data Centers LLC, Emerson Network Power HP, Dell, SGI Corporation, and Eaton Corporation.
The global modular data center market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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