Dublin, Jan. 31, 2024 (GLOBE NEWSWIRE) -- The "Global Modular Data Center Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
This comprehensive analysis on the global modular data center market reflects a promising trajectory with an expected surge to US$ 60 billion by 2028, expanding at a CAGR of 15.86% from 2022 to 2028. The research sheds light on the consequential shift towards modular architecture in data center deployment, driven by its multifaceted applications in BFSI, IT, healthcare, entertainment, and beyond.
Among the factors spearheading this expansion are advancements in IT infrastructure globally and the intensifying adoption of cloud-based services in sizable enterprises. The incorporation of state-of-the-art modules complements the burgeoning needs of 5G networks and advanced storage requirements, a trend further solidified by the sudden rise of remote work environments in the wake of the COVID-19 pandemic.
Technological Innovations
In an era emphasizing environmental stewardship and operational efficiency, the market has welcomed innovations like power-efficient and IoT integrated green data centers. Such advancements not only cater to corporate sustainability goals but also ensure compliance with evolving regulatory standards.
Segmental Insights
The research dissects the market through various lenses, providing a granular view based on components—spanning solutions and services, data center size, and application scopes including disaster recovery and high-performance computing. It also touches upon how industry verticals intersect with market growth, with distinct sections for BFSI, healthcare, and government, among others.
Geographical Outlook
The report includes a geographic analysis that highlights growth in key regions such as North America, Asia-Pacific, and Europe. The performance of emerging economies indicates a significant potential for market penetration, driven by infrastructural upgrades and digital transformation initiatives.
Industry Competition
Within the competitive landscape, the examination provides insights into leading companies that are shaping the modular data center market. The strategic initiatives and market positioning of these key players underscore the vibrant nature of the market and its appeal to investors and stakeholders.
Key Market Queries Addressed
- Tracing the global modular data center market's growth trajectory
- Identifying drivers behind the modular data center market's surge
- Analyzing COVID-19's impact on modular data center implementations
- Segmenting the market for targeted insights
- Evaluating regional dynamics influencing market evolution
Key Attributes
| Report Attribute | Details |
| No. of Pages | 138 |
| Forecast Period | 2022-2028 |
| Estimated Market Value (USD) in 2022 | $24.8 Billion |
| Forecasted Market Value (USD) by 2028 | $60 Billion |
| Compound Annual Growth Rate | 15.9% |
| Regions Covered | Global |
Companies Mentioned
- BASELAYER Technology LLC (Intermountain Electronics Inc.)
- Cannon Technologies Ltd.
- Dell Technologies Inc.
- Eaton Corporation plc
- Hewlett Packard Enterprise Development L.P.
- Huawei Technologies Co. Ltd.
- International Business Machines Corporation
- Rittal GmbH & Co. KG
- Schneider Electric SE
- Vertiv Group Corp.
For more information about this report visit https://www.researchandmarkets.com/r/yd3yo
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