Modular Data Center Market worth around $35 Bn by 2026

Modular Data Center Market size is poised to surpass USD 35 billion by 2026, according to a new research report by Global Market Insights, Inc.
 

High scalability and cost-savings have made modular data centers an attractive choice for several end-use industries. In case of a traditional enterprise data center, organizations must not only meet current requirements but also ensure preparedness for future capacity needs. To address this, enterprises usually end up spending significantly more than anticipated. In modular data centers, the required capacities are deployed as and when required (just-in-time) and can be linearly upscaled without incurring substantial costs.

 

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For instance, the modular data center is highly cost-beneficial compared to its traditional counterparts in construction & fabrication costs. Modular data centers are pre-fabricated and the designing, management & contracting expenses are around 30% lower than traditional data centers. In addition, the pre-fabricated nature of these facilities also ensures that construction & deployment is much quicker, cutting down civil engineering costs.
 

China Modular Data Center Market

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The presence of large-scale organizations and the need for high-speed internet will drive the North America modular data center market. Organizations are investing in modular data centers to gain significant cost benefits in a highly competitive market. The rising penetration of big data and IoT in the region will further generate the market demand for modular facilities to store & manage data.
 

According to a survey by Metova, Inc., a provider of mobile, connected car, & connected home solutions, in 2018, 90% of consumers in the U.S. owned a smart home device. The survey reported that around 70% of the consumers had voice-controlled systems such as Google Home or Amazon Alexa. Around 58% of people owned a connected home device. The increasing adoption of connected devices in the U.S. has resulted in massive data generation, encouraging organizations to increase IT scalability.
 

The March 2020 report published by Shodan, a search engine service, indicated that Latin America market registered a spike of over 20% in the number of Remote Desktop Protocol (RDP) endpoint devices, which is expected to cause a huge market demand for upscaled data center facilitates for managing peak traffic demands. With nationwide quarantines expected to continue further, the modular data center market in Latin America will reap the benefits of work from home policies and increased stress on remote access networks.
 

Browse key industry insights spread across 270 pages with 264 market data tables and 29 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), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/modular-data-center-market
 

Consulting services in modular data centers market will reduce CAPEX for enterprises

Consulting services will help enterprises in reducing CAPEX on commissioning mission-critical data center facilities and improve ROI. These services offer feasible consulting and cost estimation services required for setting up new data centers. This helps data center operators to effectively manage cooling, fire prevention, leak detection, and security systems. Several companies are offering these services to help organizations optimize customer’s experiences and remain competitive in the market.
 

Digitization and rising security concern in the BFSI sector will propel modular data center market growth

The BFSI sector is estimated to witness substantial growth over the forecast timeline owing to growing adoption of modular data center facilities which caters to rising concerns for security and safety of the information. An increase in the amount of confidential customer data that needs to be stored and processed in a secure environment has encouraged BFSI enterprises to invest in data center facilities. There is a high modular data center market demand for IT facilities near the operational centers of companies, allowing them to perform several advancements and modifications in devices in an efficient manner.
 

Advantages offered by the modular facilities to companies include reduced risk of data theft or loss, faster disaster detection, prediction & prevention, faster intelligence, and reduction in data transmission times. Such factors are encouraging banking institutes to modify their traditional facilities, providing an impetus to the market growth.
 

The Asia Pacific industry will witness high growth due to demand for facilities from SMEs

The modular data center market is expected to be majorly occupied by Asia Pacific countries due to the increasing adoption of modular data center facilities in SMEs. The rapid technological advancements, adoption of e-commerce, government initiatives, and the availability of economic resources are contributing to the growth of SMEs. These SMEs are focusing on advancing their traditional systems with modern technologies to improve business operations and reduce expenses.
 

The rise in data-intensive applications, such as IoT, big data, and AI, has contributed to an exponential market growth in data generation. Additionally, several leading market players are increasingly investing in expanding their presence in the country. For instance, in April 2020, AutoX, a Chinese autonomous car company, announced to construct a data center in China to collect massive amounts of real data.
 

Technological advancements and innovations are key market growth strategies amongst industry players

Modular data center market players are developing intelligent technologies to enhance data storage and processing tasks with maximum efficiency & accuracy. In April 2020, Cisco launched a new architecture for data centers, enabling modular & traditional data centers with 5G connectivity. The new architecture leverages modern technologies, such as Virtualized Network Function (VNF) and edge computing, to derive maximum performance from 5G compatible networks.
 

Key players operating in the modular data center market include Cisco Systems, Inc., CommScope, Inc., Stulz GmbH, LLC, Cancom SE, Eaton Corporation, Huawei Technologies Co., Ltd., IBM Corporation, Rahi Systems, Iron Mountain Corporation, Schneider Electric SE, Cannon Technologies Ltd, SGI Corporation, Rittal GmbH & Co. KG,  and Dell, Inc.
 

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