Modular Data Centers: A Critical Factor for Enhancing Performance, Reliability and Security
The Modular Data Center Market Size was estimated at USD 16.56 billion in 2019 and is expected to grow to USD 65.55 billion by 2027, at a CAGR of 19.0%.
The demand for advanced prefabricated and green data center infrastructures across IT & telecom, healthcare, and other industries is primarily what is driving the market size for modular data centers. These cutting-edge data centers help businesses scale up, get denser, and benefit from simple deployment. The development of cutting-edge data centers is expected to receive increased funding from the government and other major players, which will accelerate market expansion. For instance, Google LLC invested about USD 6 billion in the development of eco-friendly data centers and energy-efficient infrastructure systems in February 2018.
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Information about the report:
● Forecast Timeframe: 2020-2027
● The starting year is 2019
● Market Size in 2019- USD 16.56 billion
● The market size in 2027 will be USD 65.55 billion
● CAGR - 19.0%
● Segments Included: according to deployment type, application, enterprise type, sector, and geographic region
The Modular Data Center Market is a large and growing sector that covers various aspects, such as market size, market share, market segment, and industry. The market size is the total amount of money that service providers make when they sell their products to customers. Market share is the portion of the market that a single provider or a group of providers controls. The term market segment refers to the different categories of applications based on their functions, features, or target users. The term industry refers to the different sectors or domains that use applications for their business operations or activities.
Analyses of the worldwide Modular Data Center Market are conducted across regions, end-user industries, and material types. The study includes a thorough examination of segments and their sub-segments with the aid of tabular and graphic depictions. The segmentation can help investors and market participants create plans based on the report's list of the segments with the highest revenue growth rates.
By Component Analysis,
The market is segmented into function module solutions and services based on the component.
Function module solutions are anticipated to account for the vast majority of the modular data center market share. The market players' increasing availability of collocation solutions like all-in-one and individual is responsible for this growth.
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