May 27, 2024
Modular Data Center Market
Ict

Modular Data Center Market Is Estimated To Witness High Growth Owing To Increasing Demand For Portability And Scalability

Modular data centers are prefabricated units offering computing infrastructure in an optimized form factor for various IT use cases. They offer scalability, portability, availability, and energy efficiency to organizations with limited capital expenditure. Mounting demand for agile, scalable, and efficient data center solutions from medium and large enterprises is propelling the modular data center market.

The Global Modular Data Center Market Size Is Estimated To Be Valued At US$ 18.49 Billion In 2024 And Is Expected To Exhibit A CAGR Of 24% Over The Forecast Period 2024-2031.

Key Takeaways

Key players operating in the modular data center market are Huawei, Ibm, Eaton, Dell, Vertiv, Schneider Electric, Hewlett Packard Enterprise, Cisco, And Rittal.

Key opportunities in the market include rapid deployment of 5G technology and telco networks driving demand for modular data centers. Growing demand for scalable data centers from cloud service providers and colocation providers also offers lucrative opportunities.

The modular data center market is witnessing rising global expansion with growing deployment across regions such as North America, Europe, Asia Pacific, Middle East and Africa due to increasing international business operations.

Market Drivers

Increasing implementation of IoT technologies across industries is one of the major driver of modular data center market. A surge in data traffic owing to growing adoption of connected devices and analytics requires scalable and efficient data center solutions. Modular data centers address this need effectively with their scalable and portable infrastructure. This makes them a preferred solution for handling the massive data workloads generated in an IoT environment.

Pest Analysis

Political: Data sovereignty regulations and localized IT infrastructure requirements impact modular data center adoption in certain regions.
Economic: Growth in the IT industry and need for scalable data center solutions among enterprises are driving investments in modular data center market.
Social: Increasing mobile internet usage and rising data consumption are raising the demand for localized, flexible data center infrastructure.
Technological: Advances in modular data center design and renewable energy integration allow efficient solution deployment across diverse industrial and commercial environments. Modular approach enables faster time-to-market via prefabricated components and plug-and-play configurations.

Currently, North America accounts for the largest share of the global modular data center market in terms of value, led by the United States. This is attributed to early technology adoption, strong IT investment, and presence of major modular data center providers in the region. Going forward, the Asia Pacific market is expected to witness the highest growth during the forecast period. Rapid digitalization of industries, growing internet penetration, and smart city initiatives by governments are driving the demand for scalable data center infrastructure in countries such as China, India, and Japan.

The modular data center market in Western Europe is concentrated in countries like Germany, France, and UK. Large enterprises and cloud service providers are actively adopting prefabricated modular solutions to efficiently expand their IT capacity. On the other hand, countries in Middle East & Africa are emerging as lucrative market for modular data centers led by growing investments in technology zones and data parks across Gulf nations.

What are the key data covered in this Modular Data Center Market report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Modular Data Center Market’s growth between 2024 and 2031.

:- Accurate calculation of the size of the Modular Data Center  Market and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behavior

:- Modular Data Center  Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Modular Data Center  Market vendors

FAQ’s

Q.1 What are the main factors influencing the Modular Data Center market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Modular Data Center Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Modular Data Center market’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?

*Note:

  1. Source: CoherentMI, Public sources, Desk research

We have leveraged AI tools to mine information and compile it