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Market Overview
The Data Center Market has been predicted to reach a market size of 520.4 billion dollars by the end of the year 2030. During the forecast period of 2022 to 2030, the market is expected to grow with a CAGR or Compound Annual Growth Rate of 12.30%. According to analysts, this growth rate is considered a good rate to promote the growth of the market globally. Modular data centre serves the needs of processing and storing large capacities of data. They are portable solutions. They are known to deliver huge power amounts without causing much carbon footprint. One of the reasons for the rise of this market is the recent popularity and rise in demand for green data centres. Data centres are an integral part of the IT industry which are made of three basic components: network, storage and computer. Modular data centres are data centres that are engineered and designed with intent to serve some specific needs.
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Data Center Market Report Scope:
| Parameter | Details |
| Revenue Forecast in 2030: | USD 520.4 Billion |
| Growth Rate: | CAGR of 12.30% from 2022 to 2030 |
| Forecast Period: | 2022 -2030 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Market Segmentation
The market can be segmented on various grounds. These include segmentation on the grounds of data center market size, tier type, component and end user.
It has been noted that on the segmentation based on End Users, the segment of Information technology and telecom has had the largest market share followed by BFSI, Government, Others, Healthcare and lastly by Media & Entertainment, in order. In the forecast period, the IT and telecom is expected to continue flourishing and dominating the market shares.
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Regional Classification
The modular data center market can also be divided into regional segments. These segments include, Asia Pacific or APAC, Europe, Middle East & Africa, Latin America and North America. Out of these regional segments, the dominating regional segment of the data center market has been North America and is predicted to continue to dominate the share distribution in the forecast period of 2020 to 2030. The Asia Pacific region has also been noted to hold a significant position in the market. The growth in these regions can be attributed to the new and rising demand of green data centres and the increase in government investments and investments by the key players. The APAC is expected to grow at the fastest rate among these regional segments.
Industry News:
Computerized Realty Trust is prevailing by building another age of server farms. This implies that they have enormous depositories that they can attract upon to find the colossal money-related assets required for the huge interests in necessary innovative work to deliver the up-and-coming age of server farms that are all the more mechanically progressed and more productive as far as overseeing
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