Modular Data Center Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The global modular data center market was valued at USD 21.65 billion in 2020, and it is expected to reach a value of USD 89.9 billion by 2026, registering a CAGR of 27.35% over the forecast period of 2021-2026. Modular data center solution units facilitate the physical build of IT infrastructure. The modular approach can be focused on the data center level or at a more granular level. As the organizations move toward adopting more cloud-based distributed technologies, modular architecture can support additional workload to support business demands. These portable data centers are offering a cost-effective way of secure computing power without adding extra floor space, to meet the rising demand for cloud, mobile, and social analytics.
Key HighlightsThe modular data center market is fragmented, where competition tends to increase and consists of several major players. Few of the major players currently dominate the market, and these major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. Further new players are also entering this market through strategic collaborative initiatives that cater to intense rivalry. Key players are IBM Corporation, Huawei Technologies Co. Ltd, etc. Recent developments in the market are -
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