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Sep 07, 2020 (The Expresswire) —
The Australian government passed a data retention law in the year 2017, which says that all the telecommunication companies should manage and save the user data for minimum of 2 years. This is compelling for companies to adopt modular data center solutions. The above information was shared by Fortune Business Insights in a report, titled “Modular Data CenterMarket Size, Share and Global Trend by Type (Fully Fabricated, Partial Fabricated, Micro Data Centres), By Functional (Power, Cooling, I.T.), By Deployment (Large Size Data Center, Mid-Size/Small Size Data Centre), By End-Use (IT and Telecom, BFSI, Healthcare, Manufacturing, Energy and Power, Government and Defence), and Geography Forecast till 2026.” Modular data centers are flexible, scalable, and easily deployable. Moreover, modular data center systems have the ability to effectively deploy anywhere in an organization. The systems help to reduce the complexities and offer optimum effectiveness by speeding up the operation process.
For more information in the analysis of this report, visit:https://www.fortunebusinessinsights.com/industry-reports/modular-data-center-market-100504
Key Market Driver
- Growth in 5G technology, penetration of big data and IoT market
- Increasing application areas of digital services sites and social media platforms
Key Market Restraint
- Need to obtain authorization from concerned government authority for using modular data center systems and rising cyber-crimes involving risk in handling confidential company data risks
The modular data center market growth is driven by the rising adoption of big data solutions across industries such as manufacturing, information technology, and others. IT sector focusses on energy-efficient and portable infrastructure facilities, which drives the market. In addition to this, several companies are implementing containerized and prefabricated facilities to streamline their IT operations and enhance performance. With the proliferation of digitization, several businesses across the world are planning to adopt data centers. Influenced by these factors, the global modular data center market size is likely to increase in the forthcoming years.
Top Players Overview:
- Rittal GmbH and Co. KG
- International Business Machines (IBM) Corporation
- Cannon Technologies Ltd.
- Eaton Corporation
- Dell Inc.
- Schneider Electric SE
- Baselayer Technology LLC
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Existing Competition Among Leading Players Drives the Market in North America
North America is projected to cover the majority of the share in the global modular data center market during the forecast period. This is ascribable to the cutthroat competition existing in the market. Compelled by this, key players are adopting innovative and cost-effective solutions. Also, companies are planning to invest in advanced modular data centers to gain cost benefits regarding their deployment. Among countries in North America, the U.S. is increasingly using modular databases to overcome challenges such as moderation and disaster reclamation. The rising penetration of IoT and big data in North America is likely to transform the data center industry. This, in turn, will give rise to next-generation modular data centers.
The market in Asia Pacific is expected to witness considerable growth owing to the rising adoption of IoT solutions and big data analytics. This, coupled with booming 5G infrastructure in the region, will increase the modular data center construction.
Intel Plans to Develop a New Data Center Backed by 5G to Optimize Performance
5G technology and cloud-based services are rapidly penetrating in the IT industry. Driven by this, several vendors are planning to invest in modular data centers. Intel Corporation is planning to develop new data centers supported by 5G and cloud-platform technology. Furthermore, the company is carrying out interoperability experiments with other leading companies such as Nokia, Ericsson, and Huawei. Such developments are expected to enable growth in the market and eventually expand the modular data center market share. The demand for modular data centers is increasing across end-use industries such as IT and telecom, healthcare, BFSI, manufacturing, government and defence, and energy and power. Spurred by this, the modular data center market revenue is likely to reach new heights in the forthcoming years.
Shift from Brick and Mortar to Modular Data Centers to Fulfil Customer’s New Requirements
Huawei Technologies launches an advanced cloud modular data center in South Africa in 2019. Recently, the company opened a new AI-backed data center switch. These launches are made with an objective to reduce latency to near zero and optimize the overall performance. With the ever-changing needs of customers, several companies are focussing to develop advanced modular data centers to ensure faster deployment, improved efficiency, and better scalability.
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Key Segmental Overview:
- Fully Fabricated
- Partial Fabricated
- MicroData Centres
- By Functional
- Large Size Data Centre
- Mid-Size / Small Size Data Centre
- By End-Use
- IT and Telecom
- Energy and Power
- Government and Defence
- By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East and Africa (South Africa, GCC and Rest of Middle East and Africa
Key Industry Developments
- November 2018: Huawei Technologies Co., Ltd. introduced an advanced cloud modular data center in South Africa, which would be available by the end of 2019. Similarly, in January 2019, the company opened a new data center switch that is powered and backed by an artificial intelligence (AI) chip. This advanced data center is developed with an aim to optimize the overall performance and reduce latency to near zero.
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Major Table of Content ForModular Data CenterMarket:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Modular Data Center Market Analysis, Insights and Forecast,2026
- North America Modular Data Center Market Analysis, Insights and Forecast,2026
- Europe Modular Data Center Market Analysis, Insights and Forecast,2026
- Asia Pacific Modular Data Center Market Analysis, Insights and Forecast,2026
- The Middle East and Africa Modular Data Center Market Analysis, Insights and Forecast,2026
- Latin America Modular Data Center Market Analysis, Insights and Forecast,2026
- Competitive Landscape
- Company Profile
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Press Release Distributed by The Express Wire
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