The market for global modular data centres is projected to grow from USD$25.8 billion in 2023 to USD$81.2 billion by 2030, representing a Compound Annual Growth Rate (CAGR) of 17.8%, according to a report by Research and Markets.
According to this study, modular data centres are valuable as they maximise energy efficiency, enable rapid deployment, and increase computing density.
Organisations can easily augment or upgrade their existing data centre infrastructure with components such as IT, electrical and mechanical units. These solutions are gaining popularity due to their ability to deliver high computing power at a low power usage effectiveness (PUE) level, improve operational excellence and reduce capital and operational expenses.
Key players in the modular data centre market include Dell Technologies, Vertiv, Schneider Electric, IBM, Huawei, Eaton, Rittal, HPE, Silent-Aire, and Eltek. The report identifies growth opportunities in deploying these centres in disaster-prone areas, meeting the increasing demand from colocation providers, and exploring the use of data centers in new locations such as underwater and in space.
According to the report, the solutions component in modular data centres is projected to have a significant market share. As data needs grow, adaptable infrastructure is critical to meet modern data centres' performance requirements. Modular data centres allow managers to store, cool, power, manage, and secure necessary IT equipment, with providers offering different sizes and features to support enterprise and data centre requirements.
An aspect of this is the all-in-one modules, which are highly integrated, containerised data centre facilities. Research and Markets says these units are particularly useful when data centre mobility is a concern as they consolidate cooling, power, and IT systems within a single container. As these modules are portable and energy-efficient, provide ready-to-deploy solutions, and enable scalability, their advantage is anticipated to fuel the market for modular data centres.
In terms of industry verticals, the banking, financial services and insurance (BFSI) segment is expected to command the highest market share. The BFSI industry requires reliable data centres due to its increasing adoption of electronic banking, paperless storage, virtualisation, and the sector's handling of vast amounts of customer data. As modular data centres provide high computing power, reduce computational time, and ensure operational continuity, they play a significant role in the BFSI sector.
The Asia-Pacific region is projected to experience the highest growth during the forecast period. Various factors, such as rapid urbanisation, digital transformation, diverse climate conditions, and the escalating adoption of cloud services, IoT, and big data analytics, are promoting the demand for modular data centres. North America, which has robust technological infrastructure and is a leader in cloud computing, artificial intelligence, and other data-intensive technologies, is expected to retain the largest share in the global Modular Data Center market.