Market Research Future Insights
According to MRFR analysis, the Modular Data Center Market is expected to register a CAGR of~21.46% from 2023 to 2030 and hold a value of over USD 50.62 billion by 2030.
A modular data center (MDC) is a self-contained, prefabricated unit that can be deployed quickly and easily to support information technology (IT) operations. The modular data center market refers to the industry that provides these prefabricated, self-contained data centers. This market has been growing rapidly in recent years as companies seek to rapidly expand their IT capabilities while minimizing the time and cost required to construct a traditional data center. The market includes a range of players, from established IT companies to start-ups that specialize in modular data center design and manufacturing.
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The pandemic has highlighted the importance of IT infrastructure as businesses have had to shift to remote work and rely on online communication and e-commerce. This has led to increased demand for data center capacity and the need for rapid deployment of IT infrastructure. Modular data centers, with their ease of deployment and scalability, have become an attractive solution for businesses looking to quickly expand their IT capabilities.
Regional Analysis
North America is the largest region for the modular data center market in terms of revenue. The region has a strong presence of major modular data center vendors and a high adoption rate of data center technologies among businesses. The United States and Canada are the major countries driving the growth of the modular data center market in North America.
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The Asia Pacific region is also expected to see significant growth in the modular data center market in the coming years, due to the increasing demand for data center capacity in countries such as China, India, and Japan. The region has a large and rapidly expanding population, rising urbanization, and increasing adoption of digital technologies, which is driving demand for data center capacity.
Key Players
Some of the key market players are:
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Market Segmentation
The Modular Data Center Market has been segmented into component, center size and end user.
Based on the component, the market has been segmented into functional module and services.
Based on the center size, the market has been segmented into mid-sized and large enterprise.
Based on the end user, the market has been segmented into BFSI, IT and Telecom and Healthcare.
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