Pune, India, July 27, 2022 (GLOBE NEWSWIRE) -- The global modular data center market size is expected to gain momentum by reaching USD 65.55 billion by 2027 while exhibiting a CAGR of 19.0% between 2020 and 2027. This is attributable to the growing adoption of advanced technologies such as cloud and artificial intelligence (AI) by the SMEs that drives the demand for innovative modular data centers globally. This information is published by Fortune Business Insights The report further mentions that the market stood at USD 16.56 billion in 2019.
Industrial Development:
January 2019 – GI Partners announced the purchase of two modular data centers from NTT Data and further plan to invest in the development of technological infrastructures. The company aim to strengthen its position in the global marketplace.
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Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2020 to 2027 |
| Forecast Period 2020 to 2027 CAGR | 19.0% |
| 2027 Value Projection | USD 65.55 billion |
| Base Year | 2019 |
| Modular Data Center Market Size in 2019 | USD 16.56 billion in 2019 |
| Historical Data for | 2016 to 2018 |
| No. of Pages | 160 |
| Segments covered | Component, Application, Industry and Geography |
| Modular Data Center Market Growth Drivers | Growing Adoption of Cloud-based Solutions by SMEs to Favor Growth |
| Lack of Awareness to Impede Adoption of Product |
The COVID-19 pandemic has positively impacted the Modular Data Centre Market growth due to rising digitization in several industries. Also, leading companies from various sectors have adopted recent technologies to simplify their business operations and ease the work process. Furthermore, the companies implemented recent technologies to adopt work from home/remote work culture. These factors bolstered the market growth and expansion during the pandemic.
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DRIVING FACTORS
Growing Adoption of Cloud-based Services to Augment Growth
The generation of large amounts of data is propelling the companies to develop advanced solutions to store and maintain it efficiently. The growing adoption of cloud-based tools and applications provides the government and key players to centralize, compute, improve operational efficiency, and reduce the overall energy consumption. This further enables the companies to cater to the changing needs for critical IT power. Therefore, the adoption of cloud-based solutions and services is expected to contribute to the growth of the global market during the forecast period.
SEGMENTATION
IT & TELECOM Segment Held 29.4% Market Share in 2019
The IT & Telecom segment, based on industry, held a market share of about 29.4% in 2019 and is likely to experience growth owing to the growing focus of the IT companies to develop advanced modular data centers to enable efficiency in working.
REGIONAL INSIGHTS
North America to Remain Dominant; Increasing Investments to Aid Growth
Among all the regions, North America is expected to hold the highest position in the global modular data center market. This is attributable to the increasing investments by the government and key players to develop prefabricated modular data centers in the region. North America stood at USD 5.69 billion in 2019.
The market in Asia-Pacific is expected to experience a substantial growth backed by the rising number of SMEs and startups in countries such as India and China between 2020 and 2027.
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COMPETITIVE LANDSCAPE
Investment in R&D Activities by Major Companies to Expand Their Product Portfolio
The global modular data center market comprises several companies trying to leverage the opportunities by investing in R&D activities to develop advanced modular data centers to cater to the growing demand from enterprises. Additionally, the major companies are adopting strategies such as merger and acquisition, partnership, and collaboration to maintain their presence that will bode well for the growth of the market.
List of the Companies Profiled in Modular Data Center Market:
- IBM Corporation (California, United States)
- CommScope Inc. (North Carolina, United States)
- Dell, Inc. (Texas, United States)
- HPE Company (California, United States)
- Baselayer Technology LLC (Arizona, United States)
- Vertiv Co. (Ohio, United States)
- Diversitec, Inc. (Virginia, United States)
- Iron Mountain Corporation (Massachusetts, United States)
- Rahi Systems (California, United States)
- Rittal GmbH & Co. KG, (Herborn, Germany)
- Schneider Electric SE (Rueil-Malmaison, France)
- Cannon Technologies Ltd (Hampshire, United Kingdom)
- Stulz GmbH (Hamburg, Germany)
- Instant Data Centers LLC (Arizona, United States)
- Colt Group SA (London, United Kingdom)
- Bladeroom Group Ltd. (United Kingdom)
- Huawei Technologies Co., Ltd. (Shenzhen, China)
- ZTE Corporation (Shenzhen, China)
Major Table of Contents:
Global Modular Data Center Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
-
- By Component (Value)
- Function Module Solutions
- All-in-One
- Individual
- IT Module
- Cooling Module
- Power Module
- Others (Electrical Module, etc.)
- Services
- Function Module Solutions
- By Application (Value)
- Emergency Data Storage
- Temporary Storage Expansion
- Disaster Recovery
- Edge Computing
- Others (New businesses, Capacity Expansion, etc.)
- By Data Center Size (Value)
- Small and Medium Data Center
- Large Data Center
- By Industry (Value)
- BFSI
- IT & Telecom
- Government
- Healthcare
- Media & Entertainment
- Other
- By Region (Value)
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
- By Component (Value)
North America Modular Data Center Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
-
- By Component (Value)
- Function Module Solutions
- All-in-One
- Individual
- IT Module
- Cooling Module
- Power Module
- Others
- Services
- Function Module Solutions
- By Application (Value)
- Emergency Data Storage
- Temporary Storage Expansion
- Disaster Recovery
- Edge Computing
- Others
- By Data Center Size (Value)
- Small and Medium Data Center
- Large Data Center
- By Industry (Value)
- BFSI
- IT & Telecom
- Government
- Healthcare
- Media & Entertainment
- Other
- By Component (Value)
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FAQ’s
How much modular data center market worth?
The global modular data center market size was USD 16.56 billion in 2019 and is projected to reach USD 65.55 billion by 2027, exhibiting a CAGR of 19.0% during the forecast period.
How big is Modular Data Center Market in North America?
The market in North America stood at USD 5.69 billion in 2019 and is normal to achieve a great portion of the market share in the forecast years.
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