Modular Data Center Market size worth over $45 Bn by 2030

Modular Data Center Market size is set to exceed USD 45 billion by 2030, according to a new research report by Global Market Insights Inc.
 

The growing trend of digitalization of government services to fulfill the citizens' demand for improved accountability and transparency will drive the modular data centers industry demand. The market is also expanding on account of introduction of services such as digital ID and biometric driving licenses.
 

The COVID-19 pandemic moderately impacted the industry growth in 2020 due to lockdown measures enforced by government organizations. The increasing demand and usage of online services in 2021 across the world had a positive influence.
 

The market is predicted to grow in 2022 propelled by the growing adoption of e-commerce platforms. According to the Census Bureau of the Department of Commerce, e-commerce sales in the U.S. for Q1 2022 was USD 250 billion, an increase of 2.4% from Q4 2021.The online shopping and retailing tend to generate large customer-related information, such as historical preferences, financial data, purchase history, and related data, that forces companies to invest highly in establishment of modular data center facilities.
 

Growing focus on consultation service to optimize modular data center performance

The industry statistics has a positive outlook as enterprises are hiring consultants to optimize the IT infrastructure, manage systems, and achieve the business objectives. The market share of consulting segment is anticipated to increase as it acts as a trusted advisor service for the entire transformation of the modular data center facility footprint by implementing new age technology applications. The market players, such as Cisco Systems, Inc., CommScope, Inc., and Eaton Corporation, offer a team of highly skilled professionals that help in augmenting operations and improving infrastructure by integrating advanced computing, storage, database, and network solutions. The market will experience significant growth as these facilities help enterprises to drive down cost and enhance performance & security.
 

Browse key industry insights spread across 280 pages with 265 market data tables and 32 figures & charts from the report, “Modular Data Center Market Size By Component (Solution [All-in-One, Individual], Service [Consulting, Installation & Deployment, Maintenance & Support]), By Application (BFSI, IT & Telecom, Energy, Government & Defense, Healthcare, Industrial), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2030 ” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/modular-data-center-market
 

Growing demand for modular data centers from the energy sector

The modular data center industry will witness prominent growth credited to the supportive government initiatives aimed at enhancing the performance of the energy sector. For instance, in December 2021, the Government of Saudi Arabia announced USD 101.30 billion investment in renewable energy projects and a further USD 37.85 billion in energy distribution through 2030.
 

Expanding industrial sector in Europe

Europe modular data center market size is set to register a CAGR of around 15% through 2030. The strong presence of leading automotive producers in Europe will increase the market revenue share from manufacturing application. Companies, such as BMW AG, Audi AG, and Porsche AG, are experiencing a large dataset storage demand in their production plants. This is attributed to the information collected from Industrial Internet of Things (IIoT) systems that optimize heavy workloads. The growing trend of Industry 4.0 that complements the integration of advanced technologies in the factories to automate vehicle production tasks will help the market grow.
 

Companies focusing on strategic partnerships to launch prefabricated data centers

The prominent market participants include Baselayer Technology, LLC, The Hewlett-Packard Company, BladeRoom Group Ltd., IBM Corporation, Cisco Systems, Inc., Rittal GmbH & Co., KG, CommScope, Inc., Dell, Inc., Eaton Corporation, Huawei Technologies Co., Ltd., Iron Mountain Corporation, LLC, Rahi Systems, Schneider Electric SE, Stulz GmbH, Vertiv Co., and ZTE Corporation.
 

Market players are focusing on launching advanced modular data centers by collaborating with leading technology leaders that aid in designing tailor-made solutions.