Modular Data Center Market Size By Component (Solution [All-in-One, Individual], Service [Consulting, Installation & Deployment, Maintenance & Support]), By Application (BFSI, IT & Telecom, Energy, Government & Defense, Healthcare, Industrial), COVID-19 I

Modular Data Center Market Size By Component (Solution [All-in-One, Individual], Service [Consulting, Installation & Deployment, Maintenance & Support]), By Application (BFSI, IT & Telecom, Energy, Government & Defense, Healthcare, Industrial), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2030

The modular data center market is set to witness enormous growth through 2030 owing to mounting demand for data analytics across varied industry verticals. In addition, increasing dependence on advanced technologies like Artificial Intelligence (AI) and Machine Learning (ML) is estimated to further bolster industry expansion over the forecast timeframe.

Notably, major players in the industry have been adopting profitable strategies, as well as focusing on product innovation to gain a better business standing, thereby improving overall modular data center market dynamics. For instance, in June 2022, Crusoe Energy Systems acquired Easter-Owens Electric Co., a Denver-based manufacturer of modular data centers. This acquisition was intended to enable Crusoe to escalate its supply chain control, manufacturing capacity, and flexibility to support the scaling of its data center operations.

In another instance, in June 2022, Schneider Electric, a leader in energy management and automation, announced that it will be launching its Easy Modular Data Center solution in Europe, which was designed to increase speed, improve predictability, and offer easier installation, sustainability, and cost efficiency.

The modular data center market has been bifurcated in terms of application, component, and region.

Based on application, the market has been divided into healthcare, energy, industrial, IT & telecom, government & defense, BFSI, and others. Among these, the government & defense segment is slated to showcase considerable progress up to 2030. The government administration collects and maintains a huge quantity of confidential and sensitive information, which is slated to augment the demand for modular data centers in the government & defense applications. The healthcare segment is anticipated to grow at a notable pace by 2030 owing to increasing government initiatives that are aimed at promoting digital healthcare solutions.

The industrial segment is projected to grow steadily by 2030. Growing penetration of industrial IoT is foreseen to drive the demand for modular data center solutions across industrial applications. The others segment is expected to witness solid growth by 2030 owing to the exponential growth of the e-commerce industry, which has pushed businesses to invest in modular data centers that provide a secure environment for online transactions.

On the basis of component, the modular data center market has been branched into service and solution. The solution segment has been further divided into individual and all-in-one. Booming demand for IT facilities offering maximum protection is set to contribute to the growth of the individual solution segment.

The service segment has been further segregated into installation & deployment, consulting, and maintenance & support. Among these, the maintenance & support segment is set to witness robust growth through 2030 on account of an increasing number of business enterprises offering services for disaster recovery, infrastructure management, data management, and environmental monitoring.

By region, the modular data center industry in Latin America is poised to record sturdy expansion up to 2030 backed by soaring demand to reduce carbon footprints. Meanwhile, the Middle East & Africa modular data center market is primed to register substantial gains over the forecast period. Surging adoption of AI- and cloud-based solutions across end-user industries, such as healthcare and BFSI, is anticipated to spur the regional market demand in the upcoming years.