TMCnet News

Modular Data Center Market Worth USD 38.30 billion by 2021 - Growing Need for Power Efficient and High Performance Data Centers - Research and Markets

[July 27, 2016]

Modular Data Center Market Worth USD 38.30 billion by 2021 - Growing Need for Power Efficient and High Performance Data Centers - Research and Markets

Research and Markets has announced the addition of the "Modular Data Center Market by Functional Module Solution, Service, Deployment Size, Vertical & Region - Global Forecast to 2021" report to their offering.

The global modular data center market size is estimated to grow from USD 10.34 billion in 2016 to USD 38.30 billion by 2021, at a CAGR of 29.94%.

There is an increased need for modular solutions that have high computing power coupled with low cost and low Power Usage Efficiency (PUE). This requires the adoption of all-in-one and individual functional module for providing advanced and efficient solutions and services, which acts as one of the drivers of the modular data center market.

North America is expected to hold the largest market share in 2016 and the trend is expected to continue in the coming years. This region is the early adopter of this technology and has witnessed rapid adoption due to te availability of comprehensive solutions.

On the other hand, the modular data center market in APAC is expected to witness exponential growth and be the fastest-growing region for the global modular data center market. This is mainly attributed to the growing requirement of modular data centers that can be easily integrated and scaled according to user requirements.

Companies Mentioned: