Modular Data Center Market Growth Outlook Through 2024-2033

Overview and Scope
A modular data center is a portable collection of components placed in any location to provide data center capabilities such as storage and networking. The primary purpose of these modular data centers is to provide a cost-effective and scalable approach to obtain flexible computing capabilities wherever they are needed.

Sizing and Forecast
The modular data center market size has grown rapidly in recent years. It will grow from $29.54 billion in 2023 to $34.73 billion in 2024 at a compound annual growth rate (CAGR) of 17.6%. The growth in the historic period can be attributed to need for scalable and flexible data center solutions, rapid deployment and time-to-market advantages, growth in edge computing and iot applications, energy efficiency and green data center initiatives, adoption of containerization and virtualization technologies.

The modular data center market size is expected to see rapid growth in the next few years. It will grow to $71.05 billion in 2028 at a compound annual growth rate (CAGR) of 19.6%. The growth in the forecast period can be attributed to increased adoption in edge and remote locations, expansion of 5g networks and edge computing, demand for sustainable and eco-friendly data centers, growth in modular data center solutions for disaster recovery, integration of advanced cooling and power management technologies. Major trends in the forecast period include adoption of prefabricated and plug-and-play modular data centers, development of micro data centers for specific use cases, use of modular data centers for temporary or mobile deployments, integration of artificial intelligence for predictive maintenance, emphasis on modular data center security and compliance.

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Segmentation & Regional Insights
The modular data center market covered in this report is segmented –

1) By Component: Solutions, Services
2) By Organization Size: Small and Medium-sized Enterprises, Large Enterprises
3) By Vertical: Banking, Financial Services and Insurance (BFSI), IT and Telecommunication, Media and Entertainment, Healthcare, Government and Defense, Retail, Manufacturing, Other Verticals

North America was the largest region in the modular data center market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the modular 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
Increasing environmental protection and energy consumption regulations are expected to propel the growth of the modular data center market going forward. The energy consumption performance of modular data centers, as well as the benefits in construction, planning, and required space, are in line with government policy directions. The newly constructed data centers have benefited in terms of construction time, energy consumption, and cost. Modular data centers are intended to deal with server changes such as cloud computing, virtualization, centralization, and high density, as well as to improve data center operation efficiency, reduce energy consumption, and achieve the goal of rapid expansion and zero interference. For instance, The European Commission is looking into other ways to increase the energy efficiency of data centers and cloud computing. Data center operations in the European Union are also anticipated to achieve carbon neutrality by 2030 under the terms of the European Green Deal. Therefore, increasing environmental protection and energy consumption regulations will drive the modular data center market growth.

Key Industry Players
Major companies operating in the modular data center market report are The International Business Machines Corporation, Huawei Technologies Co. Ltd., Dell Technologies Inc., Hewlett Packard Enterprise., Baselayer Technology LLC, Vertiv Group Corp., Schneider Electric SE, Cannon Technologies Ltd, Rittal Gmbh & Co. KG, Instant Data Centers LLC, Colt Group SA, Bladeroom Group Ltd., Diversitec Inc., Iron Mountain Inc., Rahi Systems Pvt Ltd., Eaton Corporation, EdgeConneX Inc., Flexenclosure AB, Green Datacenter AG, Hitachi Vantara Corporation, IO Data Centers, MDC Stockholm AB, Nortek Air Solutions, Panduit Corp., PCX Corporation, STULZ GmbH, Sunbird Software, Telenetix Private Limited, TSI Incorporated., Uptime Institute LLC., Vapor IO Inc., ZTE Corporation, ZutaCore Inc.

The modular data center market report table of contents includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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