Modular Data Centre Market Outlook
According to the report by Expert Market Research (EMR), the global modular data centre market size is projected to grow at a CAGR of 15.20% between 2024 and 2032. Aided by the increasing demand for scalable, efficient, and cost-effective data storage solutions, the market is expected to grow significantly by 2032.
Modular data centres, characterised by their pre-fabricated and easily deployable nature, have become a pivotal element in the digital age. These centres are distinct from traditional data centres as they are typically compact, scalable, and designed for rapid deployment. The modular approach allows for the addition or reduction of modules based on demand, offering a flexible and sustainable solution for data management.
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The driving forces behind the modular data centre market growth are multifaceted. The exponential increase in data generation across various sectors, including IT and telecommunications, banking, healthcare, and government services, necessitates robust data storage and management solutions. Modular data centres, with their scalable architecture, meet this rising demand efficiently.
Furthermore, the shift towards cloud-based solutions and the Internet of Things (IoT) has catalysed the modular data centre market demand. Companies and organisations are increasingly relying on cloud services and IoT technologies, which demand substantial data processing and storage capabilities. Modular data centres, with their ability to be rapidly deployed and expanded, provide the necessary infrastructure to support these technologies.
The market growth is also attributed to the increasing focus on energy efficiency and sustainability. Modular data centres are often designed with energy-efficient cooling systems and sustainable materials, aligning with global efforts to reduce carbon footprints. This aspect is particularly appealing to organisations looking to enhance their environmental responsibility while maintaining efficient data management.
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Regionally, North America accounts for a significant portion of the modular data centre market share, owing to the presence of major technology firms and a robust digital infrastructure. However, Asia Pacific is expected to witness the highest growth rate during the forecast period. This growth can be attributed to the rapid digital transformation in emerging economies like China and India, coupled with increasing investments in IT infrastructure development.
Modular Data Centre Market Segmentation
The market can be divided based on component, organisation size, industry vertical, and region.
Market Breakup by Component
- Solutions
- Services
Market Breakup by Organisation Size
- Small and Medium Enterprises
- Large Enterprises
Market Breakup by Industry Vertical
- BFSI
- IT and Telecommunication
- Media and Entertainment
- Healthcare
- Government and Defense
- Retail
- Manufacturing
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global modular data centre market. Some of the major players explored in the report by Expert Market Research are as follows:
- CommScope Inc.
- Dell, Inc.
- Hewlett Packard Enterprise Development LP
- Baselayer Technology LLC
- Vertiv Group Corp.
- Iron Mountain Incorporated
- Others
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