Data Center Market is Expected to Reach USD 520.4 Billion at a Healthy CAGR of 12.30% by 2030 – Report by Market Research Future (MRFR)

Market Overview

The Data Center Market has been predicted to reach a market size of 520.4 billion dollars by the end of the year 2030. During the forecast period of 2022 to 2030, the market is expected to grow with a CAGR or Compound Annual Growth Rate of 12.30%. According to analysts, this growth rate is considered a good rate to promote the growth of the market globally. Modular data centre serves the needs of processing and storing large capacities of data. They are portable solutions. They are known to deliver huge power amounts without causing much carbon footprint. One of the reasons for the rise of this market is the recent popularity and rise in demand for green data centres. Data centres are an integral part of the IT industry which are made of three basic components: network, storage and computer. Modular data centres are data centres that are engineered and designed with intent to serve some specific needs.

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Data Center Market Report Scope:

Market Segmentation

The market can be segmented on various grounds. These include segmentation on the grounds of data center market size, tier type, component and end user.

• On the grounds of data center market size, the segments are large enterprise and mid-sized data centres.
• On the grounds of tier type, the tiers are numbered from one to four as Tier 1, Tier 2, Tier 3 and Tier 4.
• On the grounds of component, the segments include Service Component and Functional Module Component.
• Lastly, the segmentation is done on the basis of End Users. The various end-user segments of the modular data center market are IT and Telecom, BFSI or Banking, Financial Services and Insurance and the segment where Healthcare is the end user.

It has been noted that on the segmentation based on End Users, the segment of Information technology and telecom has had the largest market share followed by BFSI, Government, Others, Healthcare and lastly by Media & Entertainment, in order. In the forecast period, the IT and telecom is expected to continue flourishing and dominating the market shares.

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Regional Classification

The modular data center market can also be divided into regional segments. These segments include, Asia Pacific or APAC, Europe, Middle East & Africa, Latin America and North America. Out of these regional segments, the dominating regional segment of the data center market has been North America and is predicted to continue to dominate the share distribution in the forecast period of 2020 to 2030. The Asia Pacific region has also been noted to hold a significant position in the market. The growth in these regions can be attributed to the new and rising demand of green data centres and the increase in government investments and investments by the key players. The APAC is expected to grow at the fastest rate among these regional segments.

Industry News:

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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