Micro Data Center Market 2017 – 2025

Posted by Dinesh on March 23rd, 2021

Global Micro Data Center Market: Snapshot

The global micro data center market is gaining from the changing data center needs of enterprises. A large number of enterprises are increasingly adopting micro data centers to store critical data either on premise or in remote locations. Micro data centers exhibit virtues of simplified workload that traditional data centers lack. As a result, enterprises are switching from local facilities to automated micro data centers for information storage.

Some other features of micro data centers include scalability, customizability, cost effectiveness, and are self-contained. In addition, micro data centers are portable and occupy very less space as compared to traditional data centers. Nevertheless, micro data centers are equipped with components of traditional data centers such as in-built cooling systems, security systems, fire suppression systems, monitoring systems, telecommunication and storage system, and uninterruptible power supply (UPS).

A report by Transparency Market Research (TMR) estimates the global micro data center market to rise at an impressive 21.1% CAGR over the forecast period between 2017 and 2025. At this pace, the market will be valued at US,813.2 mn by the end of 2025 from US,208.9 mn in 2016.

Less than 25 U Segment to Emerge Significant

Based on end-use industry, the global micro data center market is segmented into IT and telecom, retail, education, BFSI, healthcare, energy, and others. Of them, in 2016, IT and telecom held the leading revenue share in the overall market. However, the retail segment is predicted to display the leading CAGR over the forecast period. The growth of the retail segment is mainly because of expansion of ecommerce and rising adoption of micro data centers for point of sale systems for improved efficiency and productivity.

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Emergence of Several Regional Service Providers Makes Europe a Key Market

On the basis of region, the segments into which the global micro data center market is divided are North America, Asia Pacific, Europe, the Middle East and Africa, and South America. North America, among all, is currently the leading regional market for micro data center. In 2016, North America held 43.2% revenue of the overall micro data center market.

Europe is currently the second leading market for micro data centers. The growth in the region is mainly because of increasing demand for IT convergence and integration among enterprises from a host of industry verticals. 

Leading players in the global micro data center market include Eaton Corporation plc, Hitachi Ltd., Panduit Corp., Zellabox Dataracks, Hewlett Packard Enterprise Development LP, Instant Data Centers, Huawei Technologies Co. Ltd., Rittal GmbH & Co. KG, and Schneider Electric SE.

Get More Press Release by TMR: https://www.prnewswire.co.uk/news-releases/rising-influence-of-automation-to-paint-strokes-of-growth-across-proximity-sensors-market-between-2019-and-2027-tmr-868639913.html