The global modular data center market size is expected to reach USD 106.34 billion by 2032, according to a new study by Polaris Market Research. The report “Modular Data Center Market Share, Size, Trends, Industry Analysis Report, By Component (Solutions and Services); By Organization Size; By Industry Vertical; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Scalability of modular data centers that enables clients to easily relocate their data centers, rather than constructing new one and demolishing them is major factor expected to boost the growth of the global market over the anticipated period. Moreover, with the advent of fast internet facilities, telecommunication has become one of the key driving forces behind the global development and value creation. In countries like India, data consumption has increased significantly in the recent past, along with the emergence of 5G technology globally, the need for effective modular data centers has also grown rapidly and positively contributing to the market growth.
According to Economic Survey 2022, the number of internet users in India reached the value of 830 million in 2021, with a significant rise form 530 million in 2015. The average internet data usage has increased drastically from 1.24 GB per month in the year 2018 to 14.1 GB in June 2021.
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There is a significant increase in the demand for advanced & innovated data centers owing to the stringent regulations in several countries coupled with the high implementation of market players on designing energy efficient modular data centers technology & to further providing to companies with very less or no environmental impact and optimum efficiency. The introduction to numerous environment protection laws by government authorities is significantly stimulating the demand for less power consuming systems and catering the global market growth.
Modular Data Center Market Report Highlights
Polaris Market Research has segmented the modular data center market report based on component, organization size, industry vertical, and region:
Modular Data Center, Component Outlook (Revenue - USD Billion, 2019 - 2032)
Modular Data Center, Organization Size Outlook (Revenue - USD Billion, 2019 - 2032)
Modular Data Center, Industry Vertical Outlook (Revenue - USD Billion, 2019 - 2032)
Modular Data Center, Regional Outlook (Revenue - USD Billion, 2019 - 2032)