Market Size –
The micro data centers market size has grown exponentially in recent years. It will grow from $5.76 billion in 2023 to $7.48 billion in 2024 at a compound annual growth rate (CAGR) of 30.0%. The growth in the historic period can be attributed to rise in adoption of micro data centers, increased demand for micro-modular solutions, increased number of self-contained it facilities, increased interest of the colocation companies to adopt modular solutions, sustainability benefits of micro data centers.
The micro data centers market size is expected to see exponential growth in the next few years. It will grow to $21.48 billion in 2028 at a compound annual growth rate (CAGR) of 30.2%. The growth in the forecast period can be attributed to increasing demand for real-time data, growing adoption of IoT and edge computing, increasing demand for scalability and flexibility, growing concern for data security and privacy, global rise in digitalization. Major trends in the forecast period include demand for high-performance and reliable data centers, adoption of edge computing technologies for compute-intensive applications such as AI and IoT, demand for self-contained, scalable, customizable, and cost-effective data center solutions, product innovation, adoption of 5G network services.
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Scope Of Micro Data Center Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Micro Data Center Market Overview
Market Drivers –
The micro data centers market size has grown exponentially in recent years. It will grow from $5.76 billion in 2023 to $7.48 billion in 2024 at a compound annual growth rate (CAGR) of 30.0%. The growth in the historic period can be attributed to rise in adoption of micro data centers, increased demand for micro-modular solutions, increased number of self-contained it facilities, increased interest of the colocation companies to adopt modular solutions, sustainability benefits of micro data centers.
The micro data centers market size is expected to see exponential growth in the next few years. It will grow to $21.48 billion in 2028 at a compound annual growth rate (CAGR) of 30.2%. The growth in the forecast period can be attributed to increasing demand for real-time data, growing adoption of IoT and edge computing, increasing demand for scalability and flexibility, growing concern for data security and privacy, global rise in digitalization. Major trends in the forecast period include demand for high-performance and reliable data centers, adoption of edge computing technologies for compute-intensive applications such as AI and IoT, demand for self-contained, scalable, customizable, and cost-effective data center solutions, product innovation, adoption of 5G network services.
Market Trends –
The micro data center market covered in this report is segmented –
1) By Component: Solutions, Service
2) By Organization Size: Small And Medium-Sized Enterprises, Large Enterprises
3) By Application: Instant Dc And Retrofit, High Density Networks, Remote Office, Mobile Computing, Other Applications
4) By Industry Vertical: Energy, Colocation, Banking, Financial Services, And Insurance (BFSI), Government, Industrial, Healthcare, Information Technology And Telecom, Other Industry Verticals
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Regional Insights –
North America was the largest region in the micro data center market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the micro data center market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the micro data center market are Huawei Technologies, IBM Corporation, Schneider Electric SA, Fujitsu Ltd., ABB Ltd., Hewlett Packard Enterprise Co., Eaton Corporation, Vertiv Group Corp., Dell Inc., Iron Mountain inc., Rittal GmbH, Tata Communications, Stulz GmbH, Switch, EdgeConneX, Canovate Group Companies, PI Data Centers Pvt. Ltd., ScaleMatrix Inc., Cannon Technologies Ltd., Hanley Energy LLC, Attom Technology, Advanced Facilities Inc., Rackbank Datacenters pvt. Ltd., ALTRON, Zella DC
Table of Contents
1. Executive Summary
2. Micro Data Center Market Characteristics
3. Micro Data Center Market Trends And Strategies
4. Micro Data Center Market – Macro Economic Scenario
5. Global Micro Data Center Market Size and Growth
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31. Micro Data Center Market Other Major And Innovative Companies
32. Global Micro Data Center Market Competitive Benchmarking
33. Global Micro Data Center Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Micro Data Center Market
35. Micro Data Center Market Future Outlook and Potential Analysis
36.Appendix
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