Modular Data Center Market Size, Share, Growth Analysis, By Component(Solutions and Services), By Organization Size(Large Enterprises, and Small & Medium Enterprises), By Industry Vertical(BFSI, IT & Telecom) - Industry Forecast 2024-2031

Report ID: SQMIG45J2103 | Region: Global | Published Date: March, 2024
Pages: 197 | Tables: 91 | Figures: 76

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Modular Data Center Market size was valued at USD 21.24 Billion in 2022 and is poised to grow from USD 24.89 Billion in 2022 to USD 88.61 Billion by 2031, by rising at a CAGR of 17.2% during the forecast period (2024-2031).

The modular data center industry is highly competitive, with multiple and regional companies. Market participants are spending in R&D to develop advanced solutions and get a competitive advantage in the market. Furthermore, they are increasing production capacity to satisfy rising client demand. 'IBM Corporation', 'Dell Technologies Inc.', 'Schneider Electric SE', 'Huawei Technologies Co. Ltd.', 'Hewlett Packard Enterprise Development LP', 'Cisco Systems Inc.', 'Rittal GmbH & Co. KG', 'Cannon Technologies Ltd.', 'Flexenclosure AB', 'BladeRoom Group Ltd.', 'Eaton Corporation plc', 'CommScope Holding Company, Inc.', 'Vertiv Group Corporation', 'Aceco TI', 'Airedale International Air Conditioning Ltd.', 'Cannon Technologies Ltd.', 'Cirrascale Corporation', 'Colt Technology Services Group Limited', 'Delta Power Solutions (India) Pvt. Ltd.', 'Dell EMC.'

Modular data centers offer cost savings in terms of capital expenditure (CAPEX) and operational expenditure (OPEX) compared to traditional data centers. The modular design allows organizations to pay only for the infrastructure they need and to reduce energy consumption.

Increasing Adoption of Edge Computing: With the rise of the Internet of Things (IoT) and the need for real-time processing, organizations are adopting edge computing solutions. Modular data centers can be deployed at the edge to support edge computing applications, making them an ideal solution for organizations that require data processing and storage at the edge.

North America dominated the market, accounting for 40.6% of the total revenue, and is expected to rise at a compound annual growth rate (CAGR) of over 16.6% during the forecast period. Factors such as the existence of major market participants such as Dell Inc., Hewlett Packard Enterprise Research LP, Vertiv Technology Corp., and Baselayer Technology, LLC in the United States. and the presence of established technology and data center infrastructure all contribute to the region's largest market share.

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Modular Data Center Market Size, Share, Growth Analysis, By Component(Solutions and Services), By Organization Size(Large Enterprises, and Small & Medium Enterprises), By Industry Vertical(BFSI, IT & Telecom) - Industry Forecast 2024-2031

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