Newark, NJ, Feb. 03, 2021 (GLOBE NEWSWIRE) -- As per the report published by Fior Markets, the global micro data center market is expected to grow from USD 4.2 billion in 2019 and to reach USD 27.36 billion by 2027, growing at a CAGR of 26.4% during the forecast period 2020-2027.
The global micro data center market has witnessed significant growth in recent years. This growth is attributed to the increasing adoption of digital technologies across multiple industry verticals, growing demand for plug-and-play data centers, rising number of branch office automation, and increasing demand for rugged data centers. Other factors include rising popularity of compact, portable, and modularized data centers for efficient data storage and enhanced IT infrastructure management.
The micro data center is referred to as a small containerized data center architecture designed for computer workloads without any traditional facilities requirements. The micro data center may come with built-in cooling systems, security systems, and fire systems. The micro data center sizes may vary from rack to container; it may include less than four servers in a single 19-inch rack. Micro data center are typically portable and provide play and plug features. Micro data centers are portable and provide plug and play features.
The global micro data center market is expected to witness significant growth, owing to a rise in SMEs' number, growing demand for edge micro data centers in various industry verticals, rise in urbanization and digitalization, and flourishing telecommunication sector. The factors hampering the market growth are challenges in implementing high-performance computing, lack of awareness, and monitoring and management challenges at remote locations. Deployment of edge computing applications provides market growth opportunities. However, limited cooling options are major challenges.
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The key players operating in the global micro data centers market are NVIDIA Corporation, Edgemicro, Eaton Corporation, Smart Edge Data Centers Limited, Schneider Electric SE, IBM Corporation, Hewlett Packard Enterprise, Panduit Corporation, Attom Technology, Huawei Technologies Limited, EdgePresence, Vertiv Co., and Rittal GmbH & Co. Kg. To gain a significant market share in the global micro data center market, the key players are now focusing on adopting strategies such as product innovations, mergers & acquisitions, recent developments, joint venture, collaborations, and partnership. Huawei Technologies Limited and NVIDIA Corporation are the major players operating in the micro data centers market.
- For instance, in February 2020, Dell Technologies Inc. launched a new micro data center that features a small-footprint server, a streaming analytics engine for storing and analysing data at the edge, and an updated tool for secure remote management.
Solutions segment dominated the market and held the largest share of 55.2% in the year 2019
On the basis of component, the global micro data center market is segmented into solution and services. The solution segment is further bifurcated in power, networking, cooling, rack & enclosure, DCIM. The rack & enclosure segment is further sub-segmented into upto 24U, 24U to 40U, and above 40U. The services segment is further segmented into installation & integration, maintenance & support, and consulting. Solutions segment dominated the market and held the largest share of 55.2% in the year 2019. The cooling segment holds the largest share from the solutions segment. This growth is attributed to the growing concerns over high energy consumption by data centers that have encouraged various government administrations to stress-reducing energy consumption.
IT & Telecom and BFSI segment dominated the market and held the major share of 34.7% in the year 2019
On the basis of application, the global micro data centers market is segmented into BFSI, colocation, energy, healthcare, government, industrial, IT & telecom, and others. IT & Telecom and BFSI segment dominated the market and held a major share of 34.7% in the year 2019. This growth was attributed to the increasing growth rates of data center capacity and retrofits.
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Regional Segment of Micro Data Center Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and Rest of South America)
- Middle East and Africa (UAE, South Africa, Rest of MEA)
On the basis of geography, the global micro data center market is classified into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America holds the major share of 29.6% in the year 2019. This growth is attributed to the earlier advancements in technology in this domain. Other factors, like increasing the IT sector's adoption in the region, will further propel the market in the region. The Asia-Pacific region is anticipated to witness significant growth, owing to the newly developed IT sector in China and India, increasing demand for IT convergence, integration among the enterprises to ensure cost-effectiveness, and increasing data center retrofits.
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About the report:
The global micro data center market is analysed based on value (USD billion). All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insights of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitors position grid analysis.
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