Modular Data Center Market (By Component: Solution, Services; By Organization Size: Large Enterprises, Small & Medium Enterprises; By Industry Verticals: BFSI, IT & Telecom, Retail, Manufacturing, Healthcare, Energy, Media & Entertainment, Government, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032

The global modular data center market size was exhibited at USD 22.45 billion in 2022 and is projected to hit around USD 122.96 billion by 2032, growing at a CAGR of 17.53% during the forecast period 2023 to 2032.

Key Pointers:

• North America region dominated the market and generated more than 41.3% of revenue share in 2022.
• By Component, the services segment is contributing to the maximum market between 2023 and 2032.
• By Organization Size, the large enterprises segment is recording to largest market between 2023 and 2032. 
• By Industry Verticals, the BFSI segment is generating to largest market between 2023 and 2032.

Modular Data Center Market Report Scope

Factors such as the expansion of edge computing and the increasing demand for energy-efficient, low-carbon, and green data centers across industries are driving the demand for modular data center applications among industries. Moreover, growing digital transformation is likely to fuel the growth of the market. The COVID-19 pandemic had a positive impact on the modular data center market. Increased corporate awareness of the advantages that cloud services can offer, increased board pressure to provide more secure and robust IT environments, as well as the establishment of local data centers, have all contributed to the growth of modular data centers. Italy, a nation that was particularly heavily hit by COVID-19, experienced a 775% rise in monthly users of Microsoft Teams in March 2020. Furthermore, Google's video chat services witnessed daily user growth of 60% and a 2 million user increase in March and early April of 2020. To provide sufficient network services and maintain data security for all the new users, a reliable data center infrastructure was required.

Modular data centers showcase all the capabilities of traditional data centers with additional advantages. Additionally, these kinds of data centers also address many of the construction issues associated with constructing brick-and-mortar data centers. It has applications in various industries such as IT and Telecom, BFSI, healthcare, government and defense, retail, media and entertainment, and others.

Customers of modular data center programs are compelled to commit to a long-term business partnership of 15 to 25 years with a particular vendor. Since many of the parts, devices and programs utilized in the modular building are proprietary, there is an inevitable risk. More innovation leads to more automation and complexity, which increases reliance on the vendor. Hence, dependency on vendors is likely to restrain the modular data center market growth.

IoT is expected to produce significant amounts of data in industrial applications. For instance, according to Quicksilver Capital, a smart factory will produce 5 petabytes of data every week, while an offshore oil rig is estimated to generate 1 to 2 terabytes of data every day. Massive volumes of data are transformed into insights and value by new business models that use artificial intelligence, platforms, and algorithms. According to the World Economic Forum, digitally enabled platform business models will generate 70% of new economic value over the next decade.

Some of the prominent players in the Modular Data Center Market include:

• BaseLayer Technology LLC
• CommScope Inc., Dell Inc.
• Eaton, Hewlett Packard Enterprise Company.
• Huawei Technologies Co. Ltd.
• IBM Corporation
• Rittal GmbH.
• Schneider Electric.
• Vertive Group Corporation

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Modular Data Center market.

By Component

• Solution
• Services

By Organization Size

• Large Enterprises
• Small & Medium Enterprises

By Industry Verticals

• BFSI
• IT & Telecom
• Retail
• Manufacturing
• Healthcare
• Energy
• Media & Entertainment
• Government
• Others

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)