The global micro data centers market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to its benefits in streamlining business operations at a lower cost than traditional data center services.
A micro data center is a small-scale modular data center that consists of all the networking, compute, cooling, storage, power, and other setup required for a given workload. These centers are small enough to be installed in locations where a traditional data center would not be fit. This helps enterprises to resolve the storage challenge and low-latency data processing in a lower cost. A typical micro data centers are made up of components, including uninterruptible power supply, remote monitoring sensors and software, rack power distribution unit, climatic controls with integrated heat rejection, and rack cooling unit. The various benefits offered by micro data centers, includes increased security, lower operational cost, flexibility, and improved connectivity.
The COVID-19 pandemic outbreak had negative impact on the market. During the pandemic, lockdown imposed by government bodies across the globe to stop the spread of virus resulted in temporary closure of industries. Additionally, supply chain was disrupted, upcoming projects were delayed, and manufacturing plants were not operational, which further affected the demand of micro data centers. The market is expected to quickly recover, since various industries have restarted operations as COVID-19 instances have gradually reduced around the world.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing proliferation of cloud-based services is one of the key factors driving the market growth.
- Rising trend of trend of edge computing and surge in need for real-time data access in remote locations is projected to boost the market during the forecast period.
- Lack of awareness about micro data centers acts as a major challenge that can restrict the market growth in the coming years.
- Limitations in buying options and lack of customization is expected to hamper the market growth during the projected timeline.
- Growing technological advancements and innovations in data centers is anticipated to create significant growth opportunities for the market.
Scope of the Report
The report on the global micro data centers market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Micro Data Centers Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Rack Size (5-25 RU, 26-50 RU, and 51-100 RU), End-users (BFSI, IT & Telecom, Military, and Oil & Gas), and Applications (Mobile Computing, Remote Office Support, High density Networks, Disaster Recovery, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Panduit Corp.; Huawei Tecnologies Co., Ltd.; Zellabox PTY. Ltd.; SGI; Dane-Elec Memory Corp.; NetGear, Inc.; Silicondust; Dell Inc.; Sling Media Inc.; Canovate Group Co.; Elliptical Mobile Solutions; Wave-2-Wave Solution Corp.; Rittal India Pvt. Ltd.; IOGear; and Roku, Inc.
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Market Segment Insights
Less power consumption drives the 5-25 RU segment
Based on rack size, the market is segmented into 5-25 RU, 26-50 RU, and 51-100 RU. The 5-25RU segment is estimated to expand at robust growth rate during the forecast period due to it consumes less power than other larger size rack. Additionally, the segment growth is further accelerated as this rack size is suitable for applications, such as remote office locations and mobile computing. However, the 26-50 RU segment is anticipated to expand at a substantial CAGR during the forecast period owing to its increasing demand of the rack from organizations as they are more efficient and cost effective.
IT & Telecom segment to register a high CAGR
On the basis of end-users, the global micro data centers market is segregated into BFSI, IT & telecom, military, and oil & gas. The IT & telecom inks segment is projected to register at high CAGR in the projected timeline attributed to the growing use of the micro data center in the sector to reduce operational cost. However, the BFSI segment is anticipated to register a substantial CAGR during the forecast period owing to the data generated by the sector is critical and require efficient and secure data storage facility. Moreover, the data center helps in efficient processing capabilities and faster response time, which is driving the segment growth further.
Disaster recovery segment to grow at rapid pace
Based on applications, the market is divided into mobile computing, remote office support, high density networks, disaster recovery, and others. The disaster recovery segment is expected to grow at a rapid pace during the forecast period due to the increasing demand of this solution in IT & telecom sector to safeguard their data after a cyber-attack or equipment failure. On the other hand, the high density networks segment is anticipated to expand at a substantial CAGR in the coming years attributed to the increased utilization of resources, reduced power consumption, and enhanced security.
North America to constitute a key market share
In terms of region, the global micro data centers market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to earlier advancement and adoption of micro data center technology by enterprises in the region. However, the market of Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to the rising number of data center retrofits.
Segments
Segments Covered in the Report
The global micro data centers market has been segmented on the basis of
Rack Size
- 5-25 RU
- 26-50 RU
- 51-100 RU
End-users
- BFSI
- IT & Telecom
- Military
- Oil & Gas
Applications
- Mobile Computing
- Remote Office Support
- High density Networks
- Disaster Recovery
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Panduit Corp.
- Huawei Tecnologies Co., Ltd.
- Zellabox PTY. Ltd.
- SGI
- Dane-Elec Memory Corp.
- NetGear, Inc.
- Silicondust
- Dell Inc.
- Sling Media Inc.
- Canovate Group Co.
- Elliptical Mobile Solutions
- Wave-2-Wave Solution Corp.
- Rittal India Pvt. Ltd.
- IOGear
- Roku, Inc.
Competitive Landscape
Key players competing in the global micro data centers market are Panduit Corp.; Huawei Tecnologies Co., Ltd.; Zellabox PTY. Ltd.; SGI; Dane-Elec Memory Corp.; NetGear, Inc.; Silicondust; Dell Inc.; Sling Media Inc.; Canovate Group Co.; Elliptical Mobile Solutions; Wave-2-Wave Solution Corp.; Rittal India Pvt. Ltd.; IOGear; and Roku, Inc. Companies are focusing on investments in R&D sector for advancements in micro data centers technology to fulfil the demand from the market and maintain their competitive position in the market. Companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.
For instance, in March 2020, Schneider Electric announced a launch of a cooling solution for micro data centers and edge. The developed new solution aims to reduce operational costs by making cooling more efficient. In august 2020, Vertiv a US based company introduced a Vertiv Environet Alert, a new software offering. The newly introduced software brings business-level infrastructure management and monitoring capabilities to edge facilities and micro mobile data centers.