The Worldwide Modular Data Center Industry is Expected to Reach $37.8 Billion by 2025
DUBLIN, Jan. 5, 2021 /PRNewswire/ -- The "Global Modular Data Center Market by Solution (All-in-One Modules, Individual Modules), Service (Design & Consulting, Integration & Deployment, Support & Maintenance), Organization Size, Industry, and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The worldwide modular data center market is expected to grow from USD 18.4 billion in 2020 to USD 37.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.4% during the forecast period.
Modular data centers are manufactured by integrating prefabricated modules that are built inside a factory and shipped to the client site where they assembled, deployed, and commissioned. These data centers are highly scalable and energy efficient and can be rapidly deployed to meet the clients current and near-term needs.
All-in-one modules segment to grow at the highest CAGR during the forecast period
The all-in-one module is a highly integrated containerized data center facility used in enterprise data management, oil exploration, and disaster relief. It is a temporary module usually implemented in cases, wherein data center mobility is a concern, as it comprises modules with cooling, power, and IT systems built inside a single container. These containerized modules are both portable and energy-efficient and provide on-site, ready-to-deploy solution, which reduces the installation cost and time. They also enable scalability and flexibility to the IT infrastructure to adjust to the design and size for future deployments. This advantage of the all-in-one module, wherein organizations can implement scale-out infrastructure is expected to fuel the market for modular data centers.
BFSI vertical to hold the largest market size during the forecast period
The BFSI segment comprises organizations that are into banking services, such as core banking, corporate, retail, investment, private, and cards; financial services, such as payment gateways, stockbroking, and mutual funds; and insurance services, covering both life and general insurance policies. The high growth of electronic banking, paperless storage, and virtualization in the BFSI sector is expected to increase the demand for safe, resilient, cost-effective, and energy-efficient modular data center solutions. The BFSI sector is constantly exposed to the challenges of intense competition, global expansion, consolidation, and changing consumer demand. These challenges increase the need for modular data center solutions for the BFSI sector, as they offer secure storage of critical data and meet consumers' demands.
Modular data center market in Asia Pacific to grow at the highest CAGR during the forecast period
APAC is expected to be the world's fastest modular data center market and is projected to grow at a highest CAGR during the forecast period. The region is witnessing heavy demand for modular data center solutions and is projected to overtake Europe by 2025. The potential benefits of modular data centers are the key groth drivers of the increasing adoption in the region. The growing number of cloud service providers is also expected to contribute to the growth of the APAC modular data center market.
This region constitutes the major developing countries that are expected to contribute significantly to the growth of the modular data center market in the region during the forecast period. Moreover, other APAC countries, including India, China, Japan, Australia, and New Zealand are also expected to contribute significantly to the growth in the number of the modular data center market in the region over the coming years. The rapid growth of social media and the gaming sector in the APAC region has further increased the demand for explicitly scalable architecture that is capable of handling complex operations. This demand can be met by the effective deployment of modular data center solutions, further contributing to the growth of the APAC market.
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