Market Research Report
Modular Data Center Market - Growth, Trends and Forecasts (2020 - 2025)
|Published by||Mordor Intelligence LLP||Product code||393840|
|Published||Content info||100 Pages
Delivery time: 2-3 business days
|Modular Data Center Market - Growth, Trends and Forecasts (2020 - 2025)|
|Published: January 1, 2020||Content info: 100 Pages||
The modular data center market was valued at USD 7.995 billion in 2019. The modular data center solution units facilitate the physical build of IT infrastructure. The modular approach can be focused on the data center level or at a more granular level. For instance, more granular approaches can go down to the rack level. As the market for x86-based servers, storage, and network equipment has grown, end users across a broad spectrum of vertical markets have been exploring ways to find more effective methods of installing and managing data center equipment.
Modular data center solutions represent one approach that is designed to enhance installation and management efficiencies of data center hardware infrastructure. For instance, a brick-and-mortar data center facility typically takes 18 months of planning and implementation to make it serviceable. Modular solutions can reduce the time that it takes to bring a functional data center online to weeks.
Telecom Sector to Hold Major Share
The telecom providers, to optimize their networks and the digital services running on them, are going to need more compute and storage capacity to be deployed across carrier networks. Additionally, the increasing 4G penetration and the upcoming 5G wave are further motivating telecom vendors to invest in the modular data center market for more network functionality and much higher ability to manage networks around the edges.
North America Holds the largest Share
Being the hub for large-scale organizations and armed with higher internet penetration, North America accounts for the major share of the global modular data center market. Cutthroat competition in the market prompts organizations to adopt cost-effective solutions. The United States is a major market for global modular data centers. The organizations are investing in modular data centers to gain significant cost benefit, which is associated with their deployment. Big data and IoT penetration in the region will transform the demand for next-generation modular data centers. With the existing competition, organizations are under pressure to evolve IT scalability as well as their capacity.
The modular data center market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and profitability.