Modular Data Center Market by Component (Function Module Solutions, Services), by Application (Emergency Data Storage, Temporary Storage Expansion, Disaster Recovery, Edge Computing, Others), by Data Center Size (Small, Medium Data Center, Large Data Center), by Industry (BFSI, IT & Telecom, Government, Healthcare, Media & Entertainment, Others), by North America (The U.S., Canada, Mexico), by Europe (Germany, UK, France, Italy, Spain, Russia, Benelux, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania), by South America (Brazil, Argentina, Rest of South America), by The Middle East & Africa (The Middle East, South Africa, North Africa, Turkey, Israel, Gcc) Forecast 2024-2032
The Modular Data Center Market size was valued at USD 16.56 USD Billion in 2023 and is projected to reach USD 54.34 USD Billion by 2032, exhibiting a CAGR of 18.5 % during the forecast period. A modular data centre is a facility that can be used to store servers, storage, as well as networking equipment. Its design allows it to be easily expanded or moved from one place to another. Because pre-manufactured parts are utilized in the development of modular data centres, their implementation can be undergone swiftly and cost-effectively as well, and they are also environmentally friendly. Various industries can benefit from the use of modular data centers ranging from banking and finance to healthcare and telecommunications. They provide vital IT infrastructure for operations, catastrophe recovery, and facet computing desires. These data facilities have several benefits, which include decreased creation time and costs, progressed scalability to residence growing information necessities, greater applicable resilience with redundant structures, and accelerated power usual overall performance manner to modern cooling and power control technology.
The global modular data centre market is expected to witness significant growth over the next five years. The increasing demand for data storage, the need for rapid deployment and scalability, and the cost-effectiveness of modular data centres are the key factors driving the market growth. The adoption of edge computing and the growing awareness of sustainable data centre solutions are also contributing to the market growth.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 18.5% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 18.5% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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