In one of the recent report published by Transparency Market Research about the global micro data center market, talks about how the market is expected to grow in the coming years. The research report gives meaningful insights about the key driving and restraining factors, trends and opportunities, and overall market segmentation. As per the report, the global micro data center market is expected to reach an overall market valuation worth US$14,813.2 mn by the fall of 2025. This growth in market valuation is quite significant when compared to the initial valuation of US$3,208.9 mn reported back in 2016. To achieve such large market valuation, the global micro data center market is projected to grow with an impressive CAGR 21.1% over the course of the given forecast period of 2017 to 2025.
Based on the rack size segment of the global micro data center market, more than 40 U segment dominated with 54% of the overall market share back in 2016. In terms of regional segmentation, the global micro data center market was dominated by North America in 2016 on account of contributing 43.2% of the revenue of the overall market.
As per the report published by TMR, the global micro data center market has a consolidated competitive landscape. This consolidation is due to the dominance of a few key companies. However, it does not curtail the growing stiff competition in the market. Both regional as well as local players are striving to generate more revenue and are adapting to new marketing strategies of partnerships, associations, and a joint venture to bolster their business portfolio. Additionally, the companies are also working towards creating cloud-based micro data centers to serve more number of end-user sectors.
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Some of the key companies in the global micro data center market include names such as Instant Data Centers, Schneider Electric SE, Hewlett Packard Enterprise Development, Huawei Technologies, Hitachi Ltd., Zellabox Datatracks, Eaton Corporation Plc., and Panduit Corp among others.
High Scalability and Customization Facilities Drives Market Growth
The primary reason for the growth of the global micro data center market is the evolving needs for enterprise data centers for capacity and design specifications. An increasing number of companies are now adopting micro data centers to safeguard their critical data either on-site or remote locations.
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The adoption of micro data centers is increasing across the globe. The popularity of micro data centers is growing among large enterprises and small business that help them simplify their workloads. Consequently, these companies and businesses are turning from local infrastructure and are adopting automated micro data centers to store their data.
In addition to this, the growth of the global micro data center is driven by the scalability of these data centers. These centers are customizable, self-manageable, highly cost-efficient, and self-contained. This is increasing their popularity among end users and thus driving the growth of the market over the course of the given forecast period of 2017 to 2025