FORT COLLINS, Colo., April 19, 2024 (Globe Newswire) —
Enterprises are widely adopting scalable solutions to serve a wide range of audiences.
of modular data center The industry is witnessing significant expansion due to the growing demand for adaptable and scalable solutions. As enterprises continue to digitally transform and embrace cloud computing, the need for rapidly deployable and flexible data center infrastructure is growing. Modular data centers provide the ability to expand capacity incrementally, allowing organizations to adapt their infrastructure to evolving business needs. According to the U.S. Department of Energy, data center energy consumption is expected to increase by 20 to 30 percent annually, highlighting the requirement for more efficient and scalable solutions such as modular data centers.
The rise of edge computing and the rollout of 5G networks are key catalysts driving the modular data center market forward. As data processing moves closer to the edge to minimize latency and improve user experience, modular data centers provide an optimal solution for deploying computing resources at the network periphery. The compact and portable design allows organizations to establish data processing capabilities close to end users and their IoT devices. According to the Global System for Mobile Communications (GSMA), approximately 18% of the world's connections will be 5G in 2023, and this number is expected to jump to 56% by 2030, with edge computing and modular This will further drive demand for data center solutions.
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Segmentation overview:
The modular data center market is segmented into component, organization size, industry, and region.
Large companies recorded significant growth in 2023.
- Based on market segmentation by organization size, the large enterprise segment accounted for the largest market share in 2023. Large enterprises have extensive data processing requirements and often operate multiple data centers across different locations. Modular data centers allow you to quickly and efficiently expand your infrastructure to meet growing demands.
The IT and communications sectors are key industries for modular data center solutions.
- Based on market segmentation by industry, the IT and communications sector held the largest market share in 2023. Cloud computing, 5G networks, and increased adoption of IoT devices are rapidly increasing data traffic, driving demand for modular data centers in the IT and communications sectors. Telecommunications companies require distributed data center infrastructure to support network operations and provide low-latency services to their customers.
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Highlights of the Modular Data Center Market Report:
- Modular data center market is expected to grow rapidly Expected CAGR of 16.3% by 2032.
- The growing demand for scalability will drive the growth of the modular data center market in the coming years.
- Asia Pacific is projected to lead the modular data center market thanks to the fast-growing e-commerce industry and huge number of smartphone users.
- Some of the prominent players in the Modular Data Center market report include Schneider Electric, Huawei, Eaton, Delta Electronics, Vertiv, Rittal, ZutaCore, Cannon Technologies, Flexenclosure, DC Blox, etc.
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