Modular Data Center Market
Modular Data Center Market Share was valued at USD 8.8 billion in 2022. The Modular Data Center market industry is projected to grow from USD 10.68 Billion in 2023 to USD 50.62 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 21.46% during the forecast period (2023 – 2032)
A modular data center is a type of data center that can be deployed quickly and easily, often in a prefabricated or modular form. Rather than building a data center from scratch, modular data centers can be assembled from pre-built components, which can include servers, networking equipment, cooling systems, and power distribution units.
One advantage of modular data centers is that they can be easily scaled up or down as needs change, allowing organizations to quickly adapt to changing business requirements. They also often have a smaller physical footprint than traditional data centers, and can be deployed in locations where space is limited or expensive.
Modular data centers can be used by a wide range of organizations, from small businesses to large enterprises. They are particularly popular in industries where agility and flexibility are key, such as technology, finance, and healthcare.
Some well-known companies that provide modular data center solutions include Dell, Schneider Electric, and Vertiv.
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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.
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.
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.
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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.