The Modular Data Center Market Size was estimated at USD 16.56 billion in 2019 and is expected to grow to USD 65.55 billion by 2027, at a CAGR of 19.0%.
The demand for advanced prefabricated and green data center infrastructures across IT telecom, healthcare, and other industries is primarily what is driving the market size for modular data centers. These cutting-edge data centers help businesses scale up, get denser, and benefit from simple deployment. The development of cutting-edge data centers is expected to receive increased funding from the government and other major players, which will accelerate market expansion. For instance, Google LLC invested about USD 6 billion in the development of eco-friendly data centers and energy-efficient infrastructure systems in February 2018.
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Information about the report:
- Forecast Timeframe: 2020-2027
- The starting year is 2019
- Market Size in 2019- USD 16.56 billion
- The market size in 2027 will be USD 65.55 billion
- CAGR - 19.0%
- Segments Included: according to deployment type, application, enterprise type, sector, and geographic region
The Modular Data Center Market is a large and growing sector that covers various aspects, such as market size, market share, market segment, and industry. The market size is the total amount of money that service providers make when they sell their products to customers. Market share is the portion of the market that a single provider or a group of providers controls. The term market segment refers to the different categories of applications based on their functions, features, or target users. The term industry refers to the different sectors or domains that use applications for their business operations or activities.
Analyses of the worldwide Modular Data Center Market are conducted across regions, end-user industries, and material types. The study includes a thorough examination of segments and their sub-segments with the aid of tabular and graphic depictions. The segmentation can help investors and market participants create plans based on the report's list of the segments with the highest revenue growth rates.
By Component Analysis,
The market is segmented into function module solutions and services based on the component.
Function module solutions are anticipated to account for the vast majority of the modular data center market share. The market players' increasing availability of collocation solutions like all-in-one and individual is responsible for this growth.
By Application Analysis,
The market is divided into edge computing, temporary storage expansion, disaster recovery, and other categories depending on the application.
It is anticipated that temporary storage expansion will account for the largest market share. The segment is expanding as more organizations adopt IT, power, and cooling modules for their large data centers.
By Data Center Size Analysis,
The market is divided into small, medium, and large data centers based on the size of the data center.
Due to the increasing investments made by startups and SMEs to adopt cloud services, the small and medium data center is predicted to grow at the fastest CAGR.
By Key player Analysis,
Major players in the global market are concentrating on using merger and acquisition tactics to increase their global presence. The adoption of HCM solutions by businesses and rising technological advancements are anticipated to accelerate market expansion. To increase their market share, these businesses seek to acquire small, regional businesses.
List of Key Companies Profiled:
- SAP SE (Germany)
- Automatic Data Processing (ADP), Inc. (U.S.)
- Oracle Corporation (U.S.)
- Microsoft Corporation (U.S.)
- Cornerstone OnDemand, Inc. (U.S.)
- Ceridian HCM, Inc. (U.S.)
By Region,
The market has been segmented based on geography into five significant regions: North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
According to analysis, North America is expected to win a significant portion of the market. The development of cutting-edge prefabricated data centers is the main driver of the growth, thanks to the government and other major players' increasing investments in this field. According to the Data Center Map, there will be 1789 active colocation data centers operating across the 50 states of the United States in 2020. Additionally, there are about 176 active colocation data centers in Canada and about 10 in Mexico.
The study report provides a thorough analysis of the “Modular Data Center Market” size globally, including regional and country-level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background, and sales analysis of the payers. The paper also discusses the principal risks and challenges that will be encountered over the projected period. The market for Digital payments is divided into two categories: type and application. Players, stakeholders, and other participants in the global Modular Data Center Market industry will be able to gain the upper hand by using the study as a valuable resource.
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