Market Overview
The Modular Data Center Market is predicted to grow at a healthy 21.46% CAGR between 2020- 2030, revealed by the modular data center market forecast. The market's strong growth can be accredited to the need to reduce capital expenditure and the need for energy-efficient data centers.
The ongoing COVID-19 outbreak has severely impacted the global economy. Besides, the constant demand for SaaS (software-as-a-service) is also propelling the market's growth. Along with this, significant investments from big brands like Google LLC for developing hyper-scale data centers also act as an impetus for the market in the forthcoming years.
Data centers have helped to enable online meetings and digital commerce, making digital infrastructure more vital than before. This has offered the world of digital center an achievement and thereby kept digital businesses growing and operating.
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There has been a surging demand for green data centers boosting the market growth. Green data center uses management systems and equipment that are highly energy-efficient, thus offering organizations with minimum environmental impact and maximum efficiency. Modular data centers are experiencing a burgeoning demand for the surge in energy consumption and environmental protection regulations that the government has imposed worldwide.
One of the most significant pluses of modular data centers is that compared to traditional data centers, they consume less power and are more energy-efficient, thus helping to satisfy the inherent need of organizations for lower consumption of energy.
Market Segmentation
Modular Data Center Market is segmented based on Component, Tier Type, End-User, and Data Center Size.
Component-Based Functional Module to Lead the Market
The global modular data center market is segmented into services and functional modules by component. The operating module segment will lead the market over the forecast period.
Data Center Size-Based Large Data Centers to Dominate the Market
By data center size, the global modular data center market is segmented into enterprise data centers, large data centers, and mid-sized data centers. The extensive data centers segment will dominate the market over the forecast period.
End-User-Based IT and Telecom Segment to Spearhead the Market
By end-user, the global modular data center market is segmented into manufacturing, energy, retail, education, healthcare, government and defense, IT and Telecom, BFSI, and others.
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Regional Analysis
The global modular data center market covers opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), South America, and the Middle East and Africa (MEA). Increasing investments by key players and government to develop advanced pre-fabricated data centers, growing investments by companies in Mexico, Canada, and the US, and growing adoption of modular data centers in the IT and Telecom, and BFSI sector are adding to the modular data center market share in the region.
Industry News
December 2020- ALT Telecom Company Limited has partnered with the Faculty of Architecture and Planning to create a prototype of Smart Technology Space to develop the best environment for working and learning. In this partnership, ALT has offered a modular data center with technology and equipment to install telecommunication network engineering and systems.
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