Micro Mobile Data Center Market 2020 Size, Development History, Business Prospect and Industry Research Report 2027
Posted by Prabha Mahajan on October 4th, 2022
According to the new research report published on “Micro Mobile Data Center Market — Global Analysis and Forecast to 2027”, the global micro mobile data center market is expected to reach US$ 8.35 Bn in 2027, registering a CAGR of 21.7% during the forecast period 2019-2027.
Technology has intensified many business activities and processes, and new and creative applications of the technology are anticipated to have definite effects on existing businesses. Data localisation laws act holds a significant position in boosting the growth of the entire data center industry. The entrance of numerous global cloud service providers is accumulating to space take-up. Pertaining to the fast-expanding e-commerce industry, uprising the government’s focus on the digital economy, high usage of social media and smartphones, and an increase in technology-driven start-ups have resulted in snowballing in data usage and storage. Due to factors as mentioned earlier, the demand for data center space is projected to grow.
The growing importance of data in the recent times would eventually increase the installation of additional capacities of data centers globally. This will directly impact the growth of entire data center industry. North American region is said to be home to more than 40% of the global IT market, in particular, the US. The IT industry accounts for approximately US$ 1.8 Trillion of US value-added GDP. The software and IT companies in the US have a high reputation for producing effective as well as reliable solutions.
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Key findings of the study:
In 2018, Siemens announced its plans to build an 'Industry 4.0' smart manufacturing innovation center in China. Such growth in the digitalization of factories would result in a generation on enormous data; thus, creating a demand for micro mobile data centers. Moreover, technological advancements and rapid urbanization are encouraging companies to implement advanced data centers systems to have access to real-time information.
The global micro mobile data center market is anticipated to witness impressive growth during the forecast period. Integration of industry 4.0 in factories is driving the market during the forecast period. On the contrary, factors such as use of traditional technologies to build data center might hinder the growth of ultrasonic sensor market. During the forecast period of 2019 to 2027, above 40 RU by rack unit held the largest market share and is projected to lose its dominance to 25-40 RU range of rack unit in the market. IT & Telecom by industry vertical in 2018 led the micro mobile data center, whereas healthcare is expected to be the fastest-growing industry vertical during the forecast period 2019-2027 growing at a high CAGR value.
The prominent market players in the micro mobile data center market are Huawei Technologies Co., Ltd., Schneider Electric Se, Zellabox, Panduit, and Canovate Electronics among others for a considerable share of the market owing to their product offerings to the micro mobile data center market.
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About the AuthorPrabha Mahajan
Joined: September 26th, 2022
Articles Posted: 148
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