Growth opportunities in the modular data center market look promising over the next six years. This is mainly due to the rising adoption of cloud-based solutions, especially by SMEs, growing focus on conserving energy, and the expanding need to decrease the complexity of conventional facilities.
Modular Data Center Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The key driver contributing to growth of the global modular data center market include the surging focus on energy conservation throughout the world. Aa per the Building Industry Consulting Services International (BICSI), data center offers 40% higher energy efficiency. Also, the growing adoption of cloud-based solutions primarily SMEs which will further boost the market growth. For example, in 2019, GI Partners developed technology infrastructure and bought two data centers from NTT Data. The coronavirus pandemic has stimulated digital economy. Alibaba Cloud, in 2020, announced to invest RMB 200 billion in core technologies and construction of data centers in near future.
The rising need to reduce the complications of conventional facilities is fuelling the prefabricated data centers demand that enhance scalability and are easy to use. The prefabricated modules tackle the capacity needs of customers with speedy deployment time. Moreover, the growing demand for green data centers further strengthens the market demand. The boost in the adoption of green data centers, primarily in the UK, France, Canada, and other countries as it permits businesses to enhance efficiency and reduce environmental effects. Thus, these factors are propelling the market growth.
However, the high implementation cost and inadequate awareness concerning modular data centers are hampering the market growth.
Component Segment Drivers
Based on the component, services are anticipated to dominate the market over the forecast period. The escalating demand for support and maintenance services of modular data centers including offsite and onsite service, is a crucial factor that bolsters the market growth. The remote support services such as remote troubleshooting and speed problem determination have raised the growth of the market. These services offer a mean for precautionary maintenance to reduce the risks of interrupting availability.
Regional Drivers
On the basis of regional coverage, North America is expected to lead the market during the forecast period attributed to the increase in mobile broadband, coupled with the accelerating demand for big data analytics and cloud computing. As per Cloudscene, there are 253 data centers in Canada, 2517 data centers in the U.S., and 2 data centers in Cayman Island. In October 2019, the U.S. Army stated to invest USD 1 billion in cloud and data modernization over the next five years. This will propel the market growth.
Modular Data Center Market’s Leading Manufacturers:
- Schneider Electric
- Cannon Technologies Ltd.
- BASELAYER
- Huawei Technologies Co., Ltd.
- Dell Inc.
- Vertiv Group Corp.
- Rittal GmbH & Co. KG.
- Eltek
- IBM Corporation
- Hewlett Packard Enterprise Development LP
- Vertiv Group Corp.
Modular Data Center Market Segmentation:
Segmentation by Component:
- Solution
- All-in-One Module
- Individual Module
- Services
- Consulting
- Support & Maintenance
- Others
Segmentation by End-User:
- BFSI
- IT & Telecommunication
- Government
- Healthcare
- Media & Entertainment
- Others
Segmentation by Organization Size:
- Small and Medium-Sized Enterprises
- Large Enterprises
Segmentation by Application:
- Emergency Data Storage
- Temporary Storage Expansion
- Disaster Recovery
- Edge Computing
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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