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Datacenter

Global modular data center market expected to touch $59 billion by 2023: KBV Research

modular data center market

Global modular data center market will reach $59.3 billion by 2023, showing a CAGR of 29% during the forecast period (2017-2023), according to a report by KBV Research.

Modular data center is a portable method to deploy the capacity of data centers. It can be deployed anywhere the capacity is needed. Modular data centers come with purpose-built modules and components, to provide scalability with power and cooling options.

  • By Components:

In 2016, the functional module solutions dominated the global module data center market, and is expected to continue its dominance till 2023.

On the other hand, the services market will grow at a CAGR of 33.9% during the forecast period.

  • By Region:

In 2016, North America held the largest share in global modular data center market, and is expected to be a dominant market till 2023. The North America market will witness a CAGR of 28.2% during the forecast period.

Modular data center market in Europe region will grow at a CAGR of 28.9% during the forecast period.

Whereas, APAC region will grow at a CAGR of 32.3% during the forecast period.

  • By Verticals:

In 2016, the BFSI market held the largest share in global data center market, and is expected to dominate the market till 2023. According to the report, BFSI market will grow at a CAGR of 27.5% during the forecast period.

Healthcare market will grow at a CAGR of 28.3% during the forecast period.

Whereas, the retail market is expected to reach $7800.4 million by 2023.

Also read: Global Remote Infrastructure Management market expected to touch $44 billion by 2023: KBV Research

The main companies outlined in the report included HPE, IBM, Cisco, Dell, Vertiv, Schneider Electric SE, Flexenclosure AB, Bladeroom Group, Eaton, and Huawei.

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