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The modular data centers market size is forecast to increase by USD 26.78 billion between 2022 and 2027, accelerating at a CAGR of 15.58%. In 2017, the US held the largest market share, projecting an annual revenue of USD 3.11 billion.The report includes a comprehensive outlook on the Modular Data Centers Market , offering forecasts for the industry segmented by End-user , which comprises IT and telecom, BFSI, Healthcare, Retail and e-commerce, and Others. Additionally, it categorizes Component into Solution and Services and covers Geography regions, including North America, Europe, APAC, South America, and Middle East and Africa. The report provides market size, historical data spanning from 2017 to 2021, and future projections, all presented in terms of value in (USD billion) for each of the mentioned segments.
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One of the key factors driving the modular data centers market growth is the requirement to reduce the complexity of traditional data centers. There is an increasing requirement for additional infrastructure or the need to construct an additional facility due to the increasing demand for data centers from businesses. Additionally, there is a growing cost for building a traditional data center due to the installation of modern infrastructure with advanced power and cooling systems.
Moreover, there is a significant increase in complexity in facility management and operations due to the addition of new infrastructure components to an existing data center. As a result, several organizations are increasingly shifting to building modular data center facilities. Furthermore, the cost of establishing a modular data center is 20%-30% less compared with building a traditional data center which is also fuelling its demand. Hence, such factors are expected to drive market growth during the forecast period.
The IT and telecom segment is estimated to witness significant growth during the forecast period. There is increasing adoption of modular data centers in the IT and telecom industry, offering the necessary computing power and storage for various applications and services. Several enterprises are leveraging cloud computing in order to access computing resources such as central processing units (CPUs), computer memory, file storage, and input/output (I/O) devices without investing in expensive hardware and infrastructure.
There is an increase in the adoption of cloud computing services across several enterprises which in turn fuelled the demand for data centers to support these services. Additionally, there is an increasing requirement for modular data centers capable of processing and storing large amounts of data due to the explosion of data generated by businesses and individuals. Furthermore, data analytics and machine learning applications need high-performance computing resources that can handle large datasets, which, in turn, has fuelled the demand for this segment which in turn will drive the market growth during the forecast period.
North America is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. One of the main factors that is significantly contributing to the growth of the global modular data centers market in North America is the increasing adoption of cloud services by enterprises across industries in the US and Canada. Additionally, there is an increasing adoption of cloud solutions across enterprises in North America to reduce the operating costs and CAPEX incurred by on-premises data centers. Some of the hyperscale providers that offer cloud solutions include AWS, Microsoft, and Oracle in order to meet the capacity requirements with minimum expenditure.
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The Modular Data Centers Market is fragmented in nature. Some significant players include Amazon.com Inc.and Cannon Technologies Ltd.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Cisco Systems Inc., Colt Technology Services Group Ltd., Datapod, Dell Technologies Inc., Delta Electronics Inc., Eaton Corp. Plc, Furukawa Electric Co. Ltd., GREEN4T SOLUCOES TI LTDA, Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., IE Corp., International Business Machines Corp., Iron Mountain Inc., Microsoft Corp., Rittal GmbH and Co. KG, Schneider Electric SE, Vertiv Holdings Co., and WESCO International Inc.
The modular data centers market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2027.
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Modular Data Centers Market Scope |
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Report Coverage |
Details |
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Page number |
166 |
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Base year |
2022 |
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Historic period |
2017 - 2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 15.58% |
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Market growth 2023-2027 |
USD 26.78 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
15.04 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 32% |
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Key countries |
US, China, Japan, UK, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Amazon.com Inc., Cannon Technologies Ltd., Cisco Systems Inc., Colt Technology Services Group Ltd., Datapod, Dell Technologies Inc., Delta Electronics Inc., Eaton Corp. Plc, Furukawa Electric Co. Ltd., GREEN4T SOLUCOES TI LTDA, Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., IE Corp., International Business Machines Corp., Iron Mountain Inc., Microsoft Corp., Rittal GmbH and Co. KG, Schneider Electric SE, Vertiv Holdings Co., and WESCO International Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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