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 Insights
Global Micro Data Center Market size was valued at USD 3.52 billion in 2022 and is poised to grow from USD 4.13 billion in 2023 to USD 14.80 billion by 2031, growing at a CAGR of 17.3% in the forecast period (2024-2031).
The rise of transformative technologies such as the internet of things (IoT), 5G, and artificial intelligence (AI) has spurred a surge in computing demands. With the increasing connectivity of IoT edge devices and the generation of massive volumes of data, enterprises face the challenge of managing and processing this data efficiently while delivering low-latency services to end-users. To address these needs, companies are increasingly adopting edge-computing strategies and turning to micro data centers.
Micro data centers offer the capabilities of traditional data centers with minimal capital investment, making them a cost-effective solution for businesses. These data centers can be deployed even in remote locations, providing the necessary computing power and storage capacity to support IoT functionality wherever and whenever required. Their compact and integrated design includes power units, cooling systems, and network infrastructure, making them easy to manage and install.
As the demand for edge computing solutions continues to grow, micro data centers play a crucial role in meeting the computing needs of modern enterprises. Their flexibility, scalability, and efficiency make them an attractive option for businesses seeking to optimize their data processing and delivery capabilities in a rapidly evolving technological landscape. As a result, the global market for micro data centers is witnessing significant growth as organizations recognize the advantages they bring to their operations.
US Micro Data Center Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Micro Data Center Market Report Snapshots
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