by As the volume of data grows exponentially, the demand for scalable and efficient data centers is surging dramatically. Modular data centers aim to address this need by offering a flexible and adaptable platform for expanding data center capacities easily.
The Global Modular Data Center Market is estimated to be valued at US$ 18.49 Bn in 2024 and is expected to exhibit a CAGR of 24.% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the Modular Data Center market are Huawei, IBM, Eaton, Dell, Vertiv, Schneider Electric, Hewlett Packard Enterprise, Cisco, and Rittal. These players are focusing on developing innovative modular solutions and expanding their global footprint.
The growing demand for scalable and adaptable data center solutions from colocation providers and cloud companies is driving significant growth in the Modular Data Center market. Various industries are increasingly adopting cloud-based applications and services, which is requiring enterprises to augment their IT infrastructure regularly.
Major players in the market are expanding their modular data center offerings globally to tap the growing demand from regions like Asia Pacific, Europe and Latin America. The modular approach helps companies to set up data center capabilities within weeks in new markets. This is supporting their international expansion plans.
Market Key Trends
Increased Adoption Of Renewable Energy Sources: There is a rising trend of adopting renewable energy like solar power for modular data center operations globally. This is mainly driven by sustainability goals of hyperscale operators. The modular approach facilitates easy integration of renewable energy sources.
Porter’s Analysis
Threat Of New Entrants: High capital requirements and the need for data centre expertise pose barriers to entry. However, high growth presents opportunities.
Bargaining Power Of Buyers: Large technology buyers have strong bargaining power due to their buying volumes and the ability to add in-house data centre capacity.
Bargaining Power Of Suppliers: A few globally dominant suppliers of infrastructure, cooling and power solutions exist, giving them some power over customers.
Threat Of New Substitutes: Alternatives like hyperscale public cloud services can substitutes internal data centre capacity. However, many workloads still require on-premise infrastructure.
Competitive Rivalry: Fierce competition exists among data centre providers to win customers and market share in the fast-growing modular market.
Geographical Regions
North America currently accounts for the largest share of the modular data center market value, driven by heavy spending on digital infrastructure by cloud and internet service providers in the region. With an abundance of land and inexpensive power, the US is a major hub for large-scale data centres.
The Asia Pacific region is poised to become the fastest growing regional market during the forecast period. Countries like China and India are seeing exponential data usage coupled with a lack of existing traditional data centre capacity. This makes the modular approach with its fast deployment times very appealing versus building colocation mega-facilities. Hyperscalers are significantly expanding their modular capacity across APAC to meet local and multi-cloud demands.
What Are The Key Data Covered In This Modular Data Center Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Modular Data Center’s growth between 2024 and 2031.
:- Accurate calculation of the size of the Modular Data Center and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Modular Data Center Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Modular Data Center vendors
FAQ’s
Q.1 What are the main factors influencing the Modular Data Center?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Modular Data Center companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Modular Data Center’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Ravina Pandya
Ravina Pandya,a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
