Home > Semiconductors & Electronics > Data Center > Modular Data Center Market

Modular Data Center Market Analysis

  • Report ID: GMI1730
  • Published Date: Mar 2023
  • Report Format: PDF

Modular Data Center Market Analysis

Global Modular Data Center Market Share, By Service

To understand key trends  
Download Free Sample
 

Modular data center market valuation from the service component segment is estimated to exceed USD 18 billion by 2032. The soaring demand for modular data center services can be attributed to the increasing need for global infrastructure management software and excellent features, such as easy maintenance, short integration & deployment periods, and minimized commissioning time. The rapid adoption of cloud data centers across the defense sector will also proliferate industry growth.
 

Amidst the ongoing transition from traditional to cloud-based models, enterprises are rapidly adopting scalable and flexible options, offering significant business prospects for the providers of modular data center services. For instance, in February 2023, Amazon Web Services (AWS) announced collaboration with the U.S. Department of Defense (DoD) under the Joint Warfighting Cloud Capability (JWCC) deal, allowing the agency to deploy self-contained data centers featuring built-in AWS infrastructure.
 

Global Modular Data Center Market Share, By Application

To understand key market trends  
Download Free Sample
 

Modular data center market size from BFSI applications is projected to expand at over 15% CAGR between 2023 and 2032. The dynamic digitization of the banking and finance sectors is a key factor driving the demand for modular data centers. The advent of digital banking and mobile wallet has spurred the number of online payments performed per day. According to India’s Ministry of Electronics and IT, in 2021-22, more than 88 billion digital transactions were performed. In India, Bharat Interface for Money-Unified Payments Interface (BHIM-UPI) emerged as the most preferred payment method with over 8 billion transactions in January 2023. Hence, modular data centers are playing a vital role in monitoring mobile banking payments, indicating substantial scope for expansion.
 

Global Modular Data Center Market, By Region

To understand regional trends  Download Free Sample
 

North America modular data center market size is poised to reach over USD 20 billion by 2032. North America is a major hub for data center development thriving on the solid footprint of cloud service providers. Moreover, the rising 5G adoption in the U.S. and Canada is fostering demand for modular data centers for faster deployment, cost-effectiveness, and scalability. Hefty government investments for the development of robust 5G networks in the region will also have a positive impact on the industry outlook. Furthermore, the ongoing IoT, AI, and 5G advancements in edge computing for enabling advances in modern edge data centers will complement industry expansion.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Market size for modular data center reached more than USD 15 billion in 2022 and is anticipated to register over 15% CAGR from 2023-2032.

Modular data center market size from BFSI applications is projected to exhibit more than 15% CAGR between 2023 and 2032 led by the increasing use of mobile wallets for digital transactions.

North America modular data center size is poised to reach over USD 20 billion by 2032 owing to the presence of well-known cloud service providers and advancements in 5G technology.

Dell, Inc., IBM Corporation, Vertiv Co., Cisco Systems, Inc, CommScope Inc, Eaton Corporation, and ZTE Corporation are some of the major players in the modular data center industry.

Modular Data Center Market Scope

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 314
  • Countries covered: 16
  • Pages: 265
 Download Free Sample