Report: By 2025, Modular Data Center Market To See 23% Growth
The market is predicted to hit US$50 billion.
According to a new research report by the market research and strategy consulting firm, Global Market Insights, Inc, the modular data center market will hit US$50 billion by 2025. Increased cost-effectiveness with the adoption of prefabricated technologies in business operations is a major factor propelling the modular data center market growth. The major cost benefits offered by IT facilities are in the deployment, installation, operations, and maintenance costs. These advantages allow small-scale businesses to easily deploy and maintain their business operations with reduced capital expenditure. The large facilities incorporate modern technologies that require high operational expenses & maintenance services. Business sectors are spending large amounts of money on installing preventative maintenance solutions to predict component failures or downtime. However, modular facilities being portable in size and design do not require such costly tools to manage the system components and devices, propelling the modular data center market demand.
The rising demand for edge computing in business operations will augment modular data center market share. The businesses are dependent on IT infrastructure that is cost-effective and close to the network source, providing better data transmission speed & accuracy. Edge computing differs from traditional data centers as they bring processing power from the center of the network to the edge, closer to where the data is consumed by a computer, smartphone, or other device by deploying smaller & decentralized servers. Prefabricated facilities are offering several features such as ease in deployment, unique design & architecture, and portability. These modular data centers are being installed at remote locations/sites to address the latency and bandwidth issues by linking to regional data centers whenever needed and improving the user experience. Such factors are driving the adoption of edge computing, fueling the modular data center market size.