According to the latest market intelligence, the global modular data centre market size is expected to grow from USD 13.07 billion in 2017 to USD 46.50 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 28.90%. There is an increasing need for reducing the CAPEX spent on commissioning mission-critical data centre facilities. Modular data centre solutions provide the required scalability and cost effectiveness for setting up new data centres as well as for upgrading the existing infrastructure. This acts as one of the major drivers of the modular data centre market. However, vendor lock-ins may hold back end-users from adopting these solutions.
The individual functional module segment in the modular data centre market is expected to have the largest market share during the forecast period. Individual functional modules prove advantageous for those data centre facilities that have standard capacities in their existing facility, as these facilities may only require to scale a specific resource. This added utility of the individual functional module is expected to drive its market share in the global modular data centre market.
North America is expected to capture the largest market share in 2017, and the trend is likely to continue in the near future. This region is growing owing to the presence of a large number of data centres, and it has witnessed rapid adoption due to the availability of comprehensive solutions. On the other hand, the APAC modular data centre market is expected to witness exponential growth and is projected to be the fastest-growing regions in the global modular data centre market. This is mainly due to the increasing volume of data centre traffic in countries such as China, Japan, South Korea, Australia, and Hong Kong.
The report can be accessed at: https://www.reportsnreports.com/purchase.aspx?name=246658