The Global Modular Data Center market is projected to grow at the CAGR of 30% during 2015-2022. The market has generate a revenue more than $ 10.34 billion in 2015 and is projected to reach up to $ 40 billion in 2022. Due to increasing swift growth in collocation and cloud, rising demand for data storage and increasing market of Internet of things (IoT) and Big Data become the major factors which increase the market of Modular Data Center, globally. Modular data center solutions are increasing a significant importance among the organizations as it helps them with a more agile and effective approach and operations in data centers. The modular data center method offers prefabricated modules that easily analyses the capacity needs with quick deployment time and helps in cutting down the cost of in-house infrastructure. The enterprises are moving beyond the traditional concepts of data centers to address swift technical changes and variation in business needs, which is projected to increase the adoption of the modular approach.
The modular data center is segmented on the basis of functional module solution, service, deployment size and vertical. On the basis of different functional module solution the modular data center market is segmented as all-in-one functional module and individual functional module. The individual functional module is further segmented as module, electrical module, and mechanical module. On the basis of different services the modular data center market is segmented as consulting, integration and deployment, infrastructure management. On the basis of different development size the modular data center is further segmented as mid-sized data center, enterprise data center, and large data center. On the basis of vertical the market of modular data center is further segmented as banking, financial services, and insurance, and information technology and telecom, government and defense, healthcare, education, retail, energy and manufacturing.
Some of the major market players are Huawei Technologies Co., Ltd., Hewlett Packard Enterprise Development LP , International Business Machines Corporation, Schneider Electric Se, Dell, Inc., Cisco Systems, Inc., Emerson Electric Co., Commscope, Inc., Cannon Technologies Ltd., Rittal GmbH & Co. Kg, Flexenclosure AB, IO Data Centers, LLC, SGI Corporation, AST Modular, Commscope Data Center Solutions. Acquisition, mergers and innovation are the key strategies adopted by the market players to sustain in the market. For example in 2015, Dell Inc. and EMC Corporation have signed an agreement in which Dell, together with its owners, Michael S. Dell, MSD Partners and Silver Lake, will acquire EMC Corporation, while maintaining VMware as a publicly-traded company. Similarly in 2016 IBM has announced that they had completed the acquisition of Truven Analytics a provider of cloud-based healthcare data, analytics and insights.
Geographically, the Modular Data Center market is segmented into North America, Europe, Asia Pacific, and Rest of the World. The market in North America is anticipated to hold the largest share of the market. The APAC region is expected to have great opportunities in this market and would grow at the highest CAGR by 2022 owing to the increasing adoption of modular data center technology in this region and the presence of various developing countries, such as Philippines, India and China.