Global Modular Data Center Market to reach a market size of $59.3 billion by 2023

Global Modular Data Center Market Overview

Global Modular Data Center Market to attain a market size of $59.3 billion by 2023. A modular data center is technique to models the computer data centers by utilizing contained units, usually by means of prefabricated modules. Steadily it includes evolved into a fledgling market with manufacturers generating right regarding anything including containers to various modular designed IT services or products. A modular data center is a deployment technique which is often used to assemble data center with the help of modular components into enable scalability and also achieve speedy delivery timetable. The largest obstacle witnessed by the data center operators is the need for scaling up data center architecture whenever the need arises. With the adoption of modular data files centres, the challenged is addressed quite proficiently, simply because the modular data centers have prefabricated modules which effortlessly location the requires and also furthermore with a simple deployment time span. The extra help that simply cannot be disregarded is the cost advantages it provides, as the technological innovation are useful to substantially decrease the in-house infrastructure cost.

According to a new report Global Modular Data Center Market (2017-2023), published by KBV Research, the global Modular Data Center Market is expected to attain a market size of $59.3 billion by 2023, growing at a CAGR of 29% during the forecast period.

The Functional Module Solutions market dominated the Global Modular Data Center Market by Component in 2016, and would continue to be a dominant market till 2023. The Services market is expected to witness a CAGR of 33.9% during (2017 – 2023).

The North America market dominated the Global Large Size Modular Data Center Market by Region in 2016, and would continue to be a dominant market till 2023; growing at a CAGR of 28.2 % during the forecast period. The Europe market is expected to witness a CAGR of 28.9% during (2017 – 2023). Additionally, The Asia Pacific market is expected to witness a CAGR of 32.3% during (2017 – 2023)..

Global Modular Data Center Market Segmentation

Based on the components, the Global Modular Data Center market is segmented into Well-designed Module Solutions and Services. The Functional Module Remedies is segmented into Individual Functional Module and All-In-One Functional Module. The Services market is segmented into Professional and in addition Managed Services. Based on the Data Center Sizes, the market is segmented into Mid-Sized, Large Size, and Enterprise. The verticals covered under the report include BFSI, Government, Energy & Utilities, Healthcare, Manufacturing, Retail, Telecom & IT, Education, and Others.

Full report - https://kbvresearch.com/global-modular-data-center-market/