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The global Modular Data Center Market Size is expected to attain a market size of $59.3 billion by 2023, growing at a CAGR of 29% during the forecast period.
A modular data center is an approach to designs the data centers by incorporating contained units, often in the form of prefabricated modules. Gradually it has evolved into a fledgling market with vendors producing right about anything such as containers to various modular designed IT products and solutions. A modular data center is a deployment method which is used to assemble data center with the help of modular components into enable scalability and also achieve rapid delivery schedule. The biggest challenge witnessed by the data center operators is the need for scaling up data center architecture whenever the need arises.
With the adoption of modular data centers, the challenged is addressed quite efficiently, as the modular data centers have prefabricated modules which easily address the needs and also additionally with a fast deployment timeframe. The other benefit that cannot be overlooked is the cost advantage it offers, as the technology can be used to significantly cut down the in-house infrastructure cost. Based on the components, the Modular Data Center market is segmented into Functional Module Solutions and Services. The Functional Module Solutions is segmented into Individual Functional Module and All-In-One Functional Module.
The Services market is segmented into Professional and Managed Services. Based on the Data Center Sizes, the market is segmented into Mid-Sized, Large Size, and Enterprise. The verticals covered under the report include BFSI, Government, Energy & Utilities, Healthcare, Manufacturing, Retail, Telecom & IT, Education, and Others. Based on region, Modular Data Center market is segmented into North America (US, Canada, Mexico and Rest of North America), Europe (Germany, UK, France, Russia, Spain, Italy and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia Pacific) and Latin America, Middle East & Africa. North America remained the dominant region in the global Modular Data Center market in 2016. Asia Pacific would witness promising CAGR during the forecast period (2017-2023).
The report covers the analysis of key stake holders of the Modular Data Center market. Key companies profiled in the report include HP Enterprise Company, International Business Machines Corporation (IBM), Vertiv Co., Cisco System, Inc., Dell Technologies Inc., Schneider Electric SE, Flexenclosure AB, Bladeroom Group Ltd., Eaton Corporation Plc., and Huawei Technologies Co., Ltd.