Global Micro Data Center Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

A micro data center (MDC) is a compact, self-contained data center that combines computing, storage, and networking capabilities into a single, integrated unit. This data center offers a versatile and efficient solution for computing needs, enabling businesses to extend the data processing capabilities closer to where data is generated and consumed.

Sizing and Forecast
The micro data centers market size has grown exponentially in recent years. It will grow from $5.76 billion in 2023 to $7.48 billion in 2024 at a compound annual growth rate (CAGR) of 30.0%.  The growth in the historic period can be attributed to rise in adoption of micro data centers, increased demand for micro-modular solutions, increased number of self-contained it facilities, increased interest of the colocation companies to adopt modular solutions, sustainability benefits of micro data centers.

The micro data centers market size is expected to see exponential growth in the next few years. It will grow to $21.48 billion in 2028 at a compound annual growth rate (CAGR) of 30.2%.  The growth in the forecast period can be attributed to increasing demand for real-time data, growing adoption of IoT and edge computing, increasing demand for scalability and flexibility, growing concern for data security and privacy, global rise in digitalization. Major trends in the forecast period include demand for high-performance and reliable data centers, adoption of edge computing technologies for compute-intensive applications such as AI and IoT, demand for self-contained, scalable, customizable, and cost-effective data center solutions, product innovation, adoption of 5G network services.

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Segmentation & Regional Insights
The micro data center market covered in this report is segmented –
1) By Component: Solutions, Service
2) By Organization Size: Small And Medium-Sized Enterprises, Large Enterprises
3) By Application: Instant Dc And Retrofit, High Density Networks, Remote Office, Mobile Computing, Other Applications
4) By Industry Vertical: Energy, Colocation, Banking, Financial Services, And Insurance (BFSI), Government, Industrial, Healthcare, Information Technology And Telecom, Other Industry Verticals

North America was the largest region in the micro data center market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the micro data center market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The growing adoption of the Internet of Things (IoT) is expected to propel the growth of the micro data center market going forward. The Internet of Things (IoT) refers to the network of physical devices embedded with sensors, software, and other technologies to connect and exchange data with other devices and systems over the Internet. The adoption of IoT (Internet of Things) is due to increased demand for automation, enhanced connectivity, and real-time monitoring capabilities. Micro data centers enhance IoT connections by providing localized, efficient, and secure data processing and storage solutions. They address key challenges, such as latency, bandwidth, security, and scalability, by enabling more effective and reliable IoT deployments across various industries. For instance, in January 2022, according to the GSM Association, a UK-based non-profit industry organization representing the interests of mobile network operators worldwide, the global Internet of Things (IoT) connections are expected to grow from 16.7 billion in 2023 to 25 billion globally by 2025, up from Therefore, the growing adoption of IoT drives the micro data center market.

Key Industry Players
Major companies operating in the micro data center market are Huawei Technologies, IBM Corporation, Schneider Electric SA, Fujitsu Ltd., ABB Ltd., Hewlett Packard Enterprise Co., Eaton Corporation, Vertiv Group Corp., Dell Inc., Iron Mountain inc., Rittal GmbH, Tata Communications, Stulz GmbH, Switch , EdgeConneX, Canovate Group Companies, PI Data Centers Pvt. Ltd., ScaleMatrix Inc., Cannon Technologies Ltd., Hanley Energy LLC, Attom Technology, Advanced Facilities Inc., Rackbank Datacenters pvt. Ltd., ALTRON, Zella DC

The micro data center market report table of contents includes:
1. Executive Summary

2. Micro Data Center Market Characteristics
3. Micro Data Center Market Trends And Strategies
4. Micro Data Center Market – Macro Economic Scenario
5. Global Micro Data Center Market Size and Growth

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32. Global Micro Data Center Market Competitive Benchmarking

33. Global Micro Data Center Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Micro Data Center Market
35. Micro Data Center Market Future Outlook and Potential Analysis
36. Appendix

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