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Modular Data Center Market Trends

Report ID: GMI1730
Published Date: Aug 2024
Report Format: PDF

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Modular Data Center Market Trends

The modular data center industry is experiencing a shift toward the adoption of sustainable solutions by adopting eco-friendly materials and practices due to the growing awareness and stringent regulations regarding environmental safety. Sustainable facilities often utilize energy-saving technologies to reduce energy usage, such as enhanced cooling systems, LED lighting, and effective power distribution units. Further, many companies are concentrating on adopting renewable energy sources, such as wind or solar energy, to connect data center operations with sustainability objectives. For instance, in May 2024, EdgeCloudLink (ECL) successfully delivered its first hydrogen-powered modular data center in Mountain View, California, marking a significant milestone in sustainable data center solutions. This innovative facility is designed to operate off-grid, utilizing hydrogen fuel cells for power generation.

Additionally, as businesses adopt edge computing to support IoT devices and low-latency applications, modular data centers are increasingly being deployed at the edge. This trend is driven by the need for localized data processing and storage, lowering latency and enabling enterprises to react swiftly to data demands.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

Market Size for modular data center was USD 18.8 billion in 2023 and will grow at 16.9% CAGR between 2024 and 2032, driven by growing demand for scalable and flexible IT infrastructure solutions.

Modular data center industry from the BFSI segment will record USD 21.2 billion by 2032, primarily due to its critical need for high-performance, secure, and scalable IT infrastructure.

North America industry achieved 38% share in 2023, owing to growing usage of big data, IoT devices, and cloud computing.

Hewlett-Packard Enterprises Development LP., Huawei Technologies Co. Ltd., Schneider Electric SE, Dell Inc., IBM Corporation, Cisco Systems Inc., Eaton Corporation, ZTE Corporation, Cancom SE, CommScope Inc.