Product ID: SQMIG45A2149
Global Micro Data Center Market Size, Share, Growth Analysis, By Type(Up to 24U, 24U to 40U), By Component(Solution & Services), By End - User(BFSI, IT & telecommunication) - Industry Forecast 2024-2031
Report ID:
SQMIG45A2149 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|
Tables:
93 |
Figures:
66
Global Micro Data Center Market Regional Insights
North America is poised to assert its dominance in the global market, driven by the increasing digitization and adoption of innovative technologies in the retail industry. Retailers are leveraging big data powered by machine learning to enhance customer experience and optimize manufacturing and logistics operations. Major players in the U.S. are contributing to significant developments in micro data centers, positively impacting market growth. For instance, Vertiv Group Corporation announced the launch of a single-phase UPS integrated with lithium-ion batteries in the North American market, aimed at boosting runtime and reducing maintenance for micro edge data centers.
Europe is also at the forefront of 5G network infrastructure deployment, further driving the growth of the micro data center market. Prominent telecom providers are leading the penetration of 5G networking technology, and the manufacturing sector in Europe is embracing technologies like 5G, robotics, machine learning, and IoT to increase productivity. The German government's Industry 4.0 initiative further encourages digitalization, fostering market growth across Europe. Additionally, the growing adoption of edge computing services in Europe will fuel demand for micro data centers in the coming years.
In the Asia Pacific region, government initiatives focused on power usage effectiveness and energy consumption reduction in data centers will drive significant market growth. For example, the Chinese government's data center policies mandate specific power usage effectiveness targets for both existing and new data centers. The rapid development of IT infrastructure in the region also plays a crucial role in driving demand for micro data centers. Government initiatives in countries like China, India, South Korea, Japan, and Singapore are driving advancements in the industrial sector, further fueling the demand for micro data centers, especially in China and Taiwan.
Global Micro Data Center Market Report Snapshots
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